Chase Business Checking Account Review 2024

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Chase Business Checking Accounts

9.0 rating

Expert Take

Chase customers have three different business checking accounts to choose from. Each account is designed for a specific business size, ranging from small startups to large companies with an established presence.


  • Awesome customer support
  • Industry-leading sign-up bonus
  • Wide variety of business services


  • Some businesses can’t apply online
  • Low-to-no APY earning

Chase Business Checking Accounts logo

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Everyone’s heard of JPMorgan Chase Bank. The New York-based institution has carved out quite a name for itself in the retail banking sector — especially regarding rewards credit cards and signup bonuses.

I know firsthand that choosing the right account for your business can make your life much easier. But as a small business owner, you need a little more from a bank than onboarding perks and physical branch access.

You need banking features that help your cash flow rather than slow it down, plus the support of an institution that understands how businesses operate. Enter Chase for Business and its suite of business bank accounts.

Keep reading this Chase business checking review to determine if a business checking account from Chase Bank is right for you.

Chase Business Checking Accounts

Chase customers have three different business checking accounts to choose from:

  1. Chase Business Complete Banking
  2. Chase Performance Business Checking
  3. Chase Platinum Business Checking

Each account is designed for a specific business size, ranging from small startups to large companies with an established presence.

Chase Business Complete Banking

The Chase Business Complete checking account is the bank’s standard business account. It includes built-in card acceptance, same-day business deposits, and up to $5,000 worth of free cash deposits.

Chase QuickAccept℠ is a convenient payment processing feature that lets you use the Chase mobile app to accept card payments from customers.

You can enter the card information manually or use a contactless mobile reader, and the best part is that you’ll have access to the accepted funds that same day.

Business Complete Banking comes with a $15 monthly service fee, but it’s waived if you meet one of the following conditions:

  • Maintain a $2,000 minimum daily balance
  • Make $2,000 in monthly purchases with your Chase Ink® business credit card
  • Receive $2,000 or more in QuickAccept℠ deposits monthly

Chase Business Complete Checking® Logo

Earn a $300 Bonus

for opening a Chase Business Complete Checking® account
Available nationwide

Learn how

Chase Performance Business Checking

Performance Business Checking is designed for mid-size businesses and comes with a few added perks.

Customers can take advantage of 250 free monthly transactions, unlimited deposits and incoming wires, and two free outgoing domestic wires. You can also deposit up to $20,000 in cash per month for free.

You can turn Performance Business Checking into an interest-bearing checking account with APY earnings, which you can discuss with your Chase banker.

To avoid the $30 monthly fee, your only option is to maintain an average daily balance of $35,000 or more in linked business accounts including savings and CDs.

Chase Platinum Business Checking

Platinum Business Checking is Chase’s highest-tier option for large businesses.

The account is basically a heightened version of Preferred and offers the same features at an elevated level. With Platinum, the number of free qualifying transactions goes up to 500, and you get $25,000 in free cash deposits.

You’ll also get your four most expensive outgoing wires waived each month, and incoming wires and unlimited electronic deposits are always free.

The monthly fee is hefty at $95; you’ll need an average daily balance of $100,000 or more to avoid it.


Here are the top features that all customers can enjoy with any Chase business checking account.

  • More than 4,700 Physical Branches: Chase Bank is one of the biggest financial institutions in the US, so it’s no surprise that it has more than enough physical locations. If you’d like to work with a banker, scheduling an appointment online with a Chase Business Specialist is easy, and you can always pop into a Chase branch for help with your account when you need it.
  • Online Banking: On top of its status as a leading traditional bank, Chase also offers an excellent online banking experience. Chase Online lets you manage your account activity from anywhere with an internet connection and access both your accounts and credit cards from a single log-in.
  • Mobile App: The Chase mobile app is one of the best mobile banking platforms in the business, with the numbers to back it up. The app currently has a 4.4-star rating (out of 5) in the Google Play Store and a 4.8-star rating (out of 5) in the App Store.
  • 16,000+ Free ATMs: With more than 16,000 Chase ATMs, the bank has more branded options for fee-free withdrawals than any other bank.


Like most big banks, Chase isn’t shy when it comes to fees. Unfortunately, this tendency is even more present in business accounts than on the retail side.

No matter which business account you go with, there will be many fees to navigate, so buckle up.

The good news is that most of them are manageable, if not avoidable, so knowing how to navigate them should keep you in good shape.

Here’s a breakdown of the various fees you can expect with a Chase Business account.

Monthly Maintenance Fees

Each Chase business checking account has a monthly service fee, but all of them can be avoided through qualifying activities within each statement cycle.

To ensure that you don’t end up paying the fee, choose an account with requirements that you can meet. Otherwise, the fees add up in a hurry.

Looking at the numbers, here’s how much money you’ll be throwing away if you don’t meet the associated minimum deposit or transaction requirements:

  • Chase Business Complete Banking: $15 monthly, adding up to $180 annually
  • Chase Performance Business Checking: $30 monthly, adding up to $360 annually
  • Chase Platinum Business Checking: $95 monthly, adding up to $1,140 annually. Whoa!

QuickAccept® Fees

When you use Chase QuickAccept® for customer payments, Chase charges a per-transaction fee of 2.6% plus $0.10 for each tap, dip, or swipe. This amount is on par with most major credit card processors.

If you enter the transaction manually, the fee goes up to 3.5% (plus $0.10).

Excessive Transaction Fees

Depending on which account you choose, you’ll have a certain number of debits and non-electronic deposits (ATM, ACH, Wire, and QuickDeposit) fee-free per month. If you go over, you’ll pay $0.40 per transaction.

Again, the key here is to choose the right account for your business. If you pay fees monthly, talk to your banker about migrating to an account that better fits your business — or look for a new bank.

Cash Deposit Fees

Chase also charges a fee if you exceed your account’s free cash deposit amounts of $5,000 for Business Complete, $20,000 for Performance Business, and $25,000 for Platinum Business.

If you deposit more than those amounts, you’ll pay a $0.40 per deposit fee thereafter.

Chase QuickDeposit Fees

Chase QuickDeposit is an optional add-on that comes with a scanner to help you deposit checks efficiently. A two-year contract is required for QuickDeposit, and there’s up to a $50 monthly fee for your rental of the scanner.

Wire Transfer Fees

Incoming wires are always free; depending on your account, you’ll get a certain number of outgoing wires each month.

If you go over, here’s what you’ll pay:

  • Outgoing Domestic Wire: $25 online, $25 in-branch
  • Outgoing International Wire: $40 online, $50 in-branch

Overdraft Fees

Whatever you do, avoid overdrafts with Chase.

With a Chase Business Checking account, overdrafts cost $34 for each occurrence, and you can pay this up to 6 times per day if numerous transactions occur.

The good news is that Chase offers free overdraft protection through a linked Business Savings account. These debits will count toward your monthly limit of savings withdrawals, so don’t make this a habit.

ATM Fees

You won’t pay any additional charge at a Chase ATM when you use your business debit card to get cash.

Getting Started

Ready to open your new Chase business account? Head to or visit your local branch.

As with any business checking account opening, you must bring a few important documents.

The type of business you run affects which documents are required, but count on needing a government-issued ID, a secondary form of ID (e.g., a bill), a Tax ID number, and your Articles of Incorporation, if applicable.

Only sole proprietorships, corporations, or single-member LLCs can apply online. Any other business formation will have to make an in-person appointment.


As one of the world’s largest financial institutions, it’s easy to believe that Chase’s banking services are well-protected.

Here are just a few of the main ways that Chase keeps your money and business safe:

  • Multiple authentication checks for account access
  • Continuous suspicious activity monitoring
  • Secure messaging
  • 128-bit encryption technology
  • FDIC insurance

Customer Service

By far, one of Chase’s best benefits is the level of customer support that it offers customers. Yes, there are some fees to watch out for — but as the saying goes, you get what you pay for.

When you need help with your account, you can schedule an in-person meeting with a banker, reach out online through Chase’s secure message center, or talk with a customer service rep over the phone. The Chase Business ServiceLine (1-800-CHASE38) is available 24/7.

Pros & Cons


  • Awesome customer support
  • Industry-leading sign-up bonus
  • Wide variety of business services


  • Lots of fees
  • Many businesses can’t apply online
  • Low-to-no APY earning

Frequently Asked Questions

What is the minimum balance for Chase Business Checking?

It depends on which account you choose. Chase Business Complete has no minimum deposit requirement, but you need at least $25 to open either a Performance or Platinum Business account.

The minimum balance requirement to avoid a monthly fee is between $2,000 and $100,000, depending on your account. Unfortunately, those amounts are going to be unachievable for many businesses.

Which bank is best for business checking accounts?

It depends on what you’re looking for. Big banks like Chase come with many features and support, but they’re rarely the lowest-fee option.

If you want to look into online-only banking options that tend to steer clear of traditional banking fees, check out:

Does Chase Business Checking come with a debit card?

Yes, all of Chase’s business deposit accounts come with a debit card that you can use to make purchases and take out cash.

How much do you need to open a Chase business account?

Chase Business Complete Checking has no minimum opening deposit requirement. Performance Business and Platinum Business both require at least $25 to open an account.

Is A Chase Business Checking Account Right For You?

As you think about the right checking account for your business, there are three main questions that you should ask yourself:

  1. Will this account help my business run better?
  2. How much is this account going to cost me?
  3. Do I need all of these services?

If you feel good about your answer to all three questions, chances are you’ve found a winner.

The key is understanding your needs as a small business owner. Each account option suits varying business types. In other words, it’s not a one-size-fits-all scenario.

The good news is that you’ve got options with Chase, whether you’re just starting or have been in business for 20 years.

As you search for the perfect account, always remember the golden rule of Your bank should work for you and not the other way around.

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