If you’re considering a new bank, here’s a friendly reminder that you can get some of the best banking offers in the process. Plus, you can help make bookkeeping easy as your business grows. Some of the best offers come from Chase Bank, and there’s a new way to maximize their best business credit card and business checking offers.
Chase bank is a popular choice due to its many business products (including the best Chase business credit cards—which have new reward categories and enhanced bonus offers). Chase Bank also has personal credit cards great for travel, and personal checking account promotions easily worth over $500.
This comparison looks at the Chase business checking account options to find the best one for your business like how you can earn $300 with this Chase business account. The best business checking account depends on how many monthly transactions you have and your average daily cash balance.
You can also check out the best Chase checking accounts and best checking account bonuses if you’d like to see other options.
What’s the Best Chase Business Checking Account?
- Up to $500 Bonus Offer: Chase Business Complete Banking®
- Free payment protection and personal banking benefits: Chase Performance Business Checking®
- Frequent in-branch services: Chase Platinum Business Checking℠
- Bonus: Chase Payment Solutions℠
Chase Business Complete Banking
The Chase Business Complete Banking® is ideal for the smallest businesses. Complimentary monthly benefits include:
- Unlimited electronic deposits, ACH, and Chase QuickDeposit℠
- Access to more than 16,000 ATMs and more than 4,700 Chase branches
- Business specialists available to help with your business needs
- Account Alerts
- 24/7 customer service access
- Chase QuickAccept
- Access to online banking and the Chase mobile app
Additionally, account holders can access built-in card acceptance, which means card payments can be accepted anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept. Chase QuickAccept allows for convenient access to payment processing as card payments are accepted virtually anytime, anywhere in the U.S. It also allows for same-day deposits at no additional cost.
There are also multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card, some of the best Chase business credit cards available.
Earn up to $500 when you when you open a new Chase Business Complete Checking® account. For new Chase Business Complete Banking® customers with qualifying activities.
Chase Performance Business Checking
The information for the Chase Performance Business Checking® has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Applying for the mid-tier Chase Performance Business Checking® can be worth it when you have at least 250 debits and in-branch deposits per month. You also get a few free perks for less common fees such as wire transfers.
Monthly account benefits include:
- 250 transactions per month ($0.40 per excess item)
- Up to $20,000 in monthly cash deposits
- Unlimited electronic deposits
- All incoming wires are free
- Up to two outgoing domestic wires at no cost per statement cycle
- Positive Pay and Reverse Positive Pay Protection (Check protection and ACH debit block)
- Free Chase Business Premier Savings accounts ($20 monthly savings)
- Personal account benefits
Chase also won’t charge a fee at non-network ATMs. However, you still pay fees from the network provider. The enhanced monthly deposit limits, complimentary wire transfers, and protection benefits are the main reasons to choose this account. Being able to get complimentary personal account benefits is nice too.
Regarding the Positive Pay and Reverse Positive Pay Protection benefits, these benefits are only available for this account and the upper-tier Platinum Business Checking account. Each excess item fee is $0.40.
How to Waive the $30 Monthly Fee
The monthly fee is $30 per month for Chase Performance Business Checking®. You can waive the monthly fee with a minimum of $35,000 combined average daily balance in qualifying business deposit accounts. Paying the $30 fee can be worth it if you want the extra banking perks.
One incentive to keep all of your business cash (and waive this checking fee) at Chase is linking a mid-tier Chase Business Premier Savings℠. This account usually costs $20 per month unless you have a $25,000 combined average daily balance between your Chase Business deposit accounts.
Chase Platinum Business Checking
The information for Chase Platinum Business Checking℠ has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
The largest businesses and those with a minimum $100,000 cash balance should choose Chase Platinum Business Checking℠. This account is the highest-level Chase Business checking account.
Here’s why you might choose this account:
- 500 monthly transactions ($0.40 per excess item)
- $25,000 in cash deposits per statement cycle
- Unlimited electronic deposits
- All income wires are free
- Four most expensive outgoing wires are free each statement cycle
- Counter checks, cashier’s checks, and money orders are free
- Positive Pay and Reverse Positive Pay Protection
- Chase Business Premier Savings monthly service fee waiver ($20 savings)
Complimentary personal account benefits are available. The minimum balance is lower to qualify for Chase Private Client Checking℠ benefits. You normally need $150,000 in combined qualifying personal account balances.
Having frequent non-electronic transactions can easily make this your best option to avoid the $0.40 extra item fee. If you have several incidental fees like wires and cashier’s checks, consider this account as well.
How to Waive the $95 Monthly Fee
This account has a hefty $95 monthly fee. Chase waives the fee when your qualifying business deposit and investment accounts have an average daily balance of at least $100,000.
Bonus: Chase Payment Solutions
Even better together. If you are also looking for payments processing to go along with your new business checking account, Chase Payment Solutions℠ has a limited-time bonus offer available to approved customers. Customers can get $100 off the purchase price of a Chase Point of Sale (POS)℠ Terminal through April 30, 2025. However, there is a limit of one Terminal offer per business relationship, regardless of the number of business locations. Use promo code CHASEPOS at checkout on the Chase Payment Solutions Equipment website powered by Maxwell.
A Chase Payment Solutions account includes flexible payment options, trusted security, and access to a Payments Advisor that provides support 24/7. Payments can be accepted in person, online, and over the phone. Additionally, your Chase business accounts can be managed from one place.
Over 5 million businesses trust and use Chase Payment Solutions℠.
Chase High School Checking
Chase also has options for high school students who want to get a jumpstart on their financial journey. The Chase High School Checking℠ comes with a debit card for teens that can be added to their digital wallet, account alerts, a $0 monthly service fee, plus access to the Chase Mobile® app, ATMs, and Chase branches. Accountholders can also instantly pay and get paid by their friends and family members who have participating bank accounts without worrying about any extra fees.
To open an account, a co-owner must be present. There is a $0 minimum required to open an account.
New accountholders can get $100 when they open a new Chase High School Checking℠ account with qualifying activities within 60 days of coupon enrollment.
JPMorgan Chase Bank, N.A. Member FDIC
Bonus Alternative: U.S. Bank Platinum Business Money Market Account
The U.S. Bank Platinum Business Money Market Account is another option worth considering. It comes with the ability to set aside excess cash from a checking account while getting paid the highest interest rate for your business. Additionally, you can link your savings to your U.S. Bank checking.
If you maintain a minimum balance of $10,000, you won’t have to pay the $15 monthly maintenance fee. You’ll also earn higher rates of interest the higher the balance. You will need a $100 minimum opening deposit.
Other features of the U.S. Bank Platinum Business Money Market Account include the following:
- ATM access
- Accrues interest daily and pays interest monthly
- FDIC Insurance up to $250,000
- Free U.S. Bank Internet Banking
Plus, your account can be linked to your U.S. Bank business checking account for overdraft protection.
Receive up to a 4.00% bonus interest rate
Open a new U.S. Bank Platinum Business Money Market Account and receive a bonus interest rate from the opening date after completing qualifying activities, subject to certain terms and limitations. Member FDIC. All Bonus interest rates may change without notice at any time. The following bonus interest rate is accurate as of today:
- 4.00% when your account balance tier is between $25,000 to $2,999,999.99
This offer is limited to the Business Platinum Money Market account only. Standard variable interest rates are determined at the bank’s discretion and are subject to change at any time without notice. Speak to a banker about current deposit rates, rate disclosures, compounding and crediting, and other balance information. The minimum deposit to open a Platinum Business Money Market account is $100.
The special interest rate does not apply for Platinum Business Money Market accounts with balances outside of the balance tier stated above. The full account balance will earn the standard variable interest rate in effect at that time until the account balance falls within the special rate balance tier.
However, you must maintain the minimum balance needed for each tier to earn the interest rate. Interest will be compounded daily and credited to your account monthly at the end of the statement cycle. Fees could reduce earnings on the account, and other restrictions may apply.
For Platinum Business Money Market accounts with balances of $3 million or greater, the bonus interest rate does not apply, and the full account balance will earn the standard variable interest rate in effect until the balance is $2,999,999.99 or below.
Choosing the Best Checking Account
Knowing your number of monthly debits and in-branch deposits is the quickest way to compare your potential monthly fees. Every 10 extra items are $4 in monthly fees ($0.40 cents per transaction). One hundred excess items mean that you’re paying $40, your monthly service fee, and any other incidentals.
The Chase Business Complete Banking® can be the best overall option if you mostly do electronic deposits.
But, what if you visit the local Chase branch regularly or need less common features like wire transfers or cashier’s checks? Choosing one of the other Chase accounts may charge a higher monthly service fee but can save you money long-term in “hidden fees.”
Regardless of which account you choose, you can have an easier time qualifying for a Chase business credit card. Note though, that having a Chase business checking or savings account doesn’t guarantee approval. But, it’s harder to qualify for a credit card under the current conditions than before the global health crisis.
Summary of Best Chase Business Checking Accounts
The best Chase business checking account is the one that lets you easily waive the monthly fee. You should also factor incidental fees like excess items, wire transfers, and cashier’s checks into your comparison. A complimentary personal or business savings account can also make an upper-level account a good match.
FAQs
Who can open a Chase business checking account?
Sole proprietors, partnerships, corporations, and LLCs can open a Chase business checking account. It’s also possible for unincorporated associations and organizations to apply. You must apply at a local Chase branch.
U.S. citizens, permanent residents, and non-U.S. citizens can apply for an account. Each applicant needs two forms of identification. One must be an official government-issued I.D. such as a passport or a state-issued driver’s license.
Your business filing status (i.e., sole proprietor or LLC) and state of residence determine what additional documentation you will need. Visiting the Chase website lets you find the necessary documents.
Which Chase business checking account is best?
The best Chase business checking account for most small businesses and freelancers is the Chase Business Complete Banking® account. You get unlimited electronic deposits.
Does Chase have a free business checking account?
Chase doesn’t offer a fully free business checking account. However, they offer business checking options that give you the opportunity to waive the monthly service fee.
Some online-only business checking accounts exist and are naturally fee-free. However, you lack local branch access which makes handling cash deposits difficult.
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