TEENS can get $100 as a cash bonus from Chase Bank if they set up a new account.
Opening a Chase “high school checking account” could give them a boost.
AlamyChase offers sign-on bonuses for many of its accounts[/caption] GettyTeens can get $100 for signing up with Chase[/caption]Chase is offering the bonus for a limited time only.
It must be claimed by the deadline on July 16.
There are a few steps and criteria to get the cash.
OPENING AN ACCOUNT
First, the parent or guardian of the teen must be a co-owner of the account.
They must also have a chase account and must be present at the account opening.
Your teen must be between the ages of 13 and 17 to qualify.
When setting up the account at a Chase Bank branch, they will need two forms of identification.
Driver’s licenses, birth certificates and other documents are acceptable.
Next, the teen must make 5 qualifying transactions within 60 days of enrollment.
Debit purchases, Zelles, and other transactions may count toward the five.
$100 will appear in the account within 15 days after the completion of five transactions.
Teen accounts come with no monthly service fee.
They also have added features, like alerts for parents to monitor spending.
Check Chase’s website for more details on the promotion.
Steps to qualify
Open a teen account with the teen’s parent or guardian, and bring two forms of ID. Make 5 qualifying transactions within 60 days Wait for $100 to appear in the accountMORE MONEY
Teens aren’t the only ones who can get money for signing up with a bank.
Chase is also offering up to $500 for adults who follow a few steps.
The $500 sign-on bonus is available until July 17.
If an adult and a teen sign up in time, that means up to $600 for the family.
A Chase credit card has a $200 sign-on bonus attached.
Chase is offering a $3,000 bonus for some accounts, but there’s a heavy deposit required for you to get the full amount.
Bank of America plans to open 150 new locations by the end of 2027.
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