Chase Offers A Checking Account Targeting Kids as Young As 6 Years Old (Banker Sharks do do do do do do do) + More BofA Cali Issues

<p><em><strong>I got an email from a listener who told me that I should talk about the new Chase First account, which is an account that is targeting the parents of kids 6-13 years old, by offering an account that allows their kids to "learn about banking".</strong></em></p> <p><a href="https://account.chase.com/banking/first-banking"><em><strong>Chase First Banking Account Info</strong></em></a></p> <p><a href="https://www.chase.com/content/dam/chase-ux/documents/personal/checking/ABSF-en.pdf"><em><strong>Chase First Account Schedule of Fees (PDF)</strong></em></a></p> <p><em><strong>Ironically, that age range doesn't allow online banking for email/privacy concerns, so any learning will have to still be procured by the parent, meaning Chase isn't really doing much but adding another account to the tally.</strong></em></p> <p><br></p> <p><em><strong>I go into the numerous issues I have with this, from kids not actually learning the value of a dollar, to the prompting system parents have to "approve" transactions from their kids who are away, to the simple fact that I can use this account as a means of setting up "chores" to be completed to pay off my imaginary kid as an ingenious way of itemizing a drug selling or any illicit sales operation, complete with code words.</strong></em></p> <p><em><strong>I also ponder how one parent can open this account as a means of hiding spending for the purposes of an affair they may be having. I've outlined it all on a long discussion about this.</strong></em></p> <p><br></p> <p><em><strong>Plus</strong></em></p> <p><em><strong>I discuss more California EDD Unemployment BS. </strong></em><a href="https://www.newsweek.com/over-2-billion-california-unemployment-funds-stolen-bank-america-reports-1553532?utm_term=Autofeed&amp;utm_medium=Social&amp;utm_source=Twitter#Echobox=1607533568"><em><strong>A Newsweek article talks about the $2 Billion BofA and the state claim is fraudulent payments.</strong></em></a><em><strong> While I agree there is fraud, I talk more about the people who