2025 Review: Is Chase Business Checking Worth Your Time and Money?
In-Depth Review
Chase Business Complete Banking®
, Chase Performance Business Checking®, and Chase Platinum Business Checking℠.Chase Business Complete Banking®
, a gem for small-business owners looking for unlimited electronic deposits paired with a suite of digital tools.15
monthly service fee if you meet any of these criteria during your monthly statement period:-
Keep a daily balance of at least $2,000.
Deposit a minimum of $2,000 through Chase QuickAccept or other eligible Chase Payment Solutions transactions.
Link to a Chase Private Client Checking account.
And hey, military service members and veterans can get that monthly fee waived with valid military ID or proof of service.
Chase Business Complete Banking®
is perfect for small-business owners who:- Desire a comprehensive banking solution that includes business loans, credit cards, and merchant services.
Plan to deposit $5,000 or less in cash each month and conduct 20 or fewer in-person transactions.
Want to utilize integrated credit card processing services.
Can meet one of the criteria to waive the monthly fee.
U.S. Bank Silver Business Package
, a rare find among traditional banks that comes without a monthly fee.While U.S. Bank has about 2,000 branches in 26 states—half of Chase’s footprint—they offer greater flexibility by not charging fees for using third-party ATMs, unlike Chase’s $3 fee (plus any third-party charges).
Earn a $400 bonus when you open an eligible U.S. Bank business checking account online with promo code Q4AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 15, 2025. Member FDIC.
Chase Business Complete Banking®
at a glance| Monthly fee: | $15 (with various options to waive, including maintaining a $2,000 daily balance). |
| Minimum opening deposit: | $0 |
| APY: | None |
| Transactions: | Unlimited electronic deposits; 20 free teller and paper transactions each month. |
| Bonus: | Receive a $300 bonus for opening a new Chase Business Complete Checking® account with qualifying activities. |
How to Open Your Chase Business Checking Account
Opening a Chase business checking account is a breeze, particularly if your business is a sole proprietorship, corporation, or LLC (with one member or manager). Other business structures need to visit a local branch. With over 4,700 locations across 48 states, you won’t have to go far!
While no minimum deposit is required to kick off your Chase Business Complete Checking account, make sure to fund it within 60 days to avoid closure.
Once your account is up and running, you’ll enjoy the convenience of managing your business banking through Chase online, the mobile app, and in-person at branches or ATMs.
What You Need to Open a Chase Business Account
Two forms of ID, including a government-issued photo ID.
Employer Identification Number (or Social Security number for single-member LLCs).
Business documents, such as an assumed name or DBA certificate, articles of incorporation, partnership agreement, and business license, based on your entity type.
Your business address and telephone number.
Date of birth, Social Security number, and personal address for anyone owning 10% or more of the company.
Chase Sign-Up Bonus
300
sign-up bonus by depositing $2,000 or more within 30 days of account opening, maintaining that balance for 60 days, and completing five qualifying transactions, like:💬 From Our Experts: What Business Owners Are Saying About Chase
— Ryan Lane, Editor covering small business
Why
Chase Business Complete Banking®
Stands OutUnlimited electronic deposits: Your business will thrive with unlimited electronic deposits, covering everything from ACH transfers to mobile deposits. This flexibility rivals that of many online-centric business accounts.
300
bonus by signing up forChase Business Complete Banking®
, as long as you deposit $2,000 within 30 days, keep that balance for 60 days, and complete five qualifying activities like debit card purchases or mobile check deposits. This promotion is hard to top!Strong online tools combined with a vast brick-and-mortar network: With thousands of locations across 48 states plus Washington, D.C., you’re almost always near a Chase branch or ATM. For those who appreciate in-person assistance, Chase is an excellent choice.
And for fans of digital banking, Chase delivers sophisticated features: online bill pay, fraud protection, text banking, account alerts, and QuickPay with Zelle are just the beginning. You can also set up multiple users for your account, download activity data for financial software, and access services for collections and cash flow management.
Payments are deposited directly into your checking account without needing an additional app, simplifying your financial management. For transactions, expect to pay 2.6% plus 10 cents for swiped or dipped payments and 3.5% plus 10 cents for keyed entries.
Where
Chase Business Complete Banking®
Could ImproveChase Business Complete Banking®
can be a tough sell. If maintaining a $2,000 daily balance isn’t feasible, consider a free business checking account instead.Lack of ongoing rewards: Like many traditional banks, Chase doesn’t offer ongoing benefits beyond the enticing welcome bonus. If you’re looking for more perks, online-only accounts might have the edge.
Bluevine Business Checking
rewards you with1.5
% APY on checking balances up to $250,000. Meanwhile,LendingClub Tailored Checking
offers1
% APY on balances up to $100,000 plus 1% cash back on debit card purchases.
