Chase Business Checking
- Best for: Businesses that deposit cash or take cards in person near a Chase branch
- What Sets It Apart: Built-in card acceptance whose sales alone can waive the monthly fee, plus the largest U.S. branch network by Chase’s count
- Welcome Offer: $400 for $2,000 or $500 for $10,000 in money new to Chase, kept 60 days, plus 5 qualifying transactions within 90 days; new Chase business checking customers, through January 21, 2027
- APY: 0% on Business Complete and Platinum
- Features: QuickAccept with free same-day deposits; invoicing; Tap to Pay on iPhone; FDIC insured
- Monthly Fee: $15 on Business Complete, waived by a $2,000 minimum daily balance or $2,000 a month in card payments through Chase; $40 on Performance below a $35,000 average; $95 on Platinum below $100,000
- Minimum Deposit: $0 for Business Complete
- Cost: $0.50 per teller transaction or check past 20 and 0.30% of branch cash past $5,000 a month; $34 per overdraft item; $3 at non-Chase ATMs
- Pros: More than 5,000 branches; free ATM cash deposits; up to $500 for new customers
- Cons: No interest on Business Complete or Platinum; a fee on each card payment; $34 overdraft fee; higher tiers open only in a branch
Open a Chase Business Checking account if your business deposits cash or takes card payments in person near a Chase branch. Its entry account waives the $15 monthly fee when you keep $2,000 in it or take $2,000 a month in card payments through Chase. Freelancers paid by bank transfer do better with a free online account.
Chase’s business checking comes in three tiers: Business Complete Banking for small businesses, Performance Business Checking for midsize ones, and Platinum Business Checking for bigger ones with heavy transaction and cash needs.
Key Features
- A $15 monthly fee on Business Complete Banking, waived by a $2,000 minimum daily balance, $2,000 a month in card payments through Chase, or $2,000 a month in purchases on a Chase Ink or Sapphire Reserve for Business card, among other ways
- QuickAccept card acceptance in the Chase Mobile app, with same-day deposits at no added fee
- On Business Complete, 20 teller deposits, withdrawals, and checks plus $5,000 in branch cash deposits free each month, then $0.50 per item and 0.30% of the cash past $5,000
- Performance Business Checking at $40 a month, free with a $35,000 average balance in linked business accounts, with 250 debits and teller deposits, $20,000 in branch cash, and two outgoing domestic wires included ($25 each online on Business Complete)
- Platinum Business Checking at $95 a month, free with a $100,000 average balance ($50,000 with a linked Chase Private Client account), with 500 debits and teller deposits, $25,000 in branch cash, and four outgoing wires included
Pros
- Over 5,000 branches across the lower 48 states and D.C., the largest U.S. network by Chase’s count
- Unlimited free cash deposits at more than 14,000 Chase ATMs
- A business bank account bonus of up to $500 for new customers bringing money from outside Chase
Cons
- No interest on Business Complete or Platinum
- A processing fee on every card payment taken through QuickAccept
- A $34 fee per overdraft item once you’re more than $50 overdrawn, up to six a day
- Performance and Platinum open only in a branch
Businesses that deposit cash or take card payments in person near a Chase branch get the most from Chase Business Checking, and Business Complete charges them no monthly fee at a $2,000 minimum balance. A freelancer paid by bank transfer does neither, so a free online business checking account that pays interest suits them better.
Learn more about Chase Business Checking or see how it compares to the best small business checking accounts.
Chase Business Checking
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