JPMorgan Chase Rolls Out Bank Account for Kids, Complete With Debit Card

Does your 12-year-old have a wad of cash burning a hole in her pocket? If so, you might just consider a new bank account designed for kids that JPMorgan Chase (NYSE: JPM) has launched. The big lender has rolled out Chase First Banking, which is aimed squarely at little ones as young as six.

Chase First Banking is, in many respects, a traditional checking account. The key difference is that the account holder's parent or guardian can set limits on spending. They can do so on a category-by-category basis if they wish, or set an all-encompassing limit. 

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Source Fool.com