Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $25 ($50?)
- Availability: Nationwide to all Chase checking customers
- Direct deposit required: None
- Additional requirements: None
- Hard/soft pull: Soft
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: September 2, 2021
The Offer
- Get $25 when you open a new Chase First Banking account. It’s a debit card for kids ages 6-17 with no monthly service fee.
The Fine Print
- For parents/guardians interested in teaching their child how to manage money using a debit card with the child’s name on it. The parent/guardian is the owner of this account and must have an online profile and one of these other checking accounts at account opening: a Chase Secure CheckingSM, Chase Total Checking®, Chase Premier Plus CheckingSM, Chase SapphireSM Checking, Chase Better Banking® Checking, Chase Premier CheckingSM, Chase CheckingSM or a Chase Private Client CheckingSM account. Benefits offered to these checking accounts do not apply to Chase First Checking accounts. Only the parent/guardian who opened the account can fund, view or manage this account. You can open a Chase First Checking account for your child who is 6-17 years old.
- Offer valid until 09/02/2021.
- To receive the bonus: Open a new Chase First Checking account, which is subject to approval. We’ll deposit the bonus into your new Chase First Checking account within 15 days of account opening.
- Limit 2 Chase First Checking related bonuses per customer.
- To receive this bonus, the account must not be closed or restricted at the time of payout.
- Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
Avoiding Fees
There is no Monthly Service Fee for Chase First Checking.
Our Verdict
We wrote about Chase First Banking before, and they’ve now added a $25 bonus as well. The fine print indicates that you can get two Chase First Checking bonuses per customer which might mean you can add two kids and get $25 each for a total of $50. Worth clicking through separately each time if you try.
We don’t usually post small bonuses, but this one is being sent out widely and is a no-requirements bonus which some will find worthwhile.
I’ve been trying to open a couple of these accounts. It does happen that I have two kids of appropriate ages and some cash on their hands that I want to introduce them to banking (and banking bonuses). The teaching moment failed bad when the site kept erroring out, and when I dragged the kids in a branch they had no power to fix it at all. I tried this through my log in, my wife’s, using multiple browsers, app, and mobile browser, to no avail.
Apparently this is a known system glitch that neither the CPC banker nor the website support rep at the call center was able to do anything about. Lame. Curious how some of you successfully opened yours. My CPC person offered to honor the $25 bonus if I open joint savings accounts with the kids. That will accomplish the teaching goal, I suppose. Though it pains me to think about how these accounts will lock me out of future saving account churning opportunities forever…
how do you transfer the $25 from the kids acccount to my main chase checking account?
Would be funny when Chase shuts down people for making fake kids
Can you sign up kids for other bank bonuses?
Or just these kids accounts?
Obviously not ccards which require 18+.
No SSN required for children.
MY TWO KIDS ARE FINALLY PAYING OFF AFTER YEARS OF DAYCARE AT $1,800X2 PER MONTH!
Too bad the offer expires in less than 9 months, otherwise I’d be looking for P2…
It’s for kids ages 6-17. You had to do it 6 years ago. 😁
I nicknamed my daughter’s account churner000
Hahaha
should’t it be churner001?
The fine print doesn’t say people need a verifiably real child to do this. Pretty sure churners will take advantage somehow.
Does my pet qualify as a child? Would they check ssn…
They don’t check SSN. In fact, this is not a custodial account. It doesn’t become a real checking account even after kids turn 18.