While not always necessary, sometimes having local bank access can be helpful for small businesses. Fortunately, there are many Chase Bank branches all over the country, and the Chase Business Complete Banking® account may be your best business option. Plus, new applicants can earn up to a $500 cash bonus after completing qualifying activities.
Chase Business Complete Banking Review
Chase Business Complete Banking® is one part of Chase Bank’s entry-level business checking account options. This checking account is part of the Chase Business Complete Banking service that also includes Chase QuickAccept to handle in-person card payments.
There is a $15 monthly service fee, but it’s possible to waive this fee (more on that below).
Small business owners can apply for this account online or at a local Chase branch. However, this service isn’t available in Alaska, Hawaii, or the U.S. territories.
Chase Business Complete Signup Bonus
Earn up to $500 with a new Chase Business Complete Banking® account. To earn the bonus, open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
Complete 5 qualifying transactions within 90 days of offer enrollment. Qualifying transactions are: debit card purchases, accepting credit and debit card payments with QuickAccept®, Chase QuickDeposit℠, ACH (Credits), wires (Credits and Debits), Chase Online℠ Bill Pay. The following are not considered qualifying transactions: ACH (Debits), Person to Person payments such as Zelle® and online transfers to Chase credit card(s). QuickAccept is not available to all businesses. After you have completed all the above checking requirements, we’ll deposit the offer amount in your new account within 15 days. To receive this offer, the enrolled account must not be closed or restricted at the time of payout. Offer is good for one-time use. Employees of JPMorgan Chase Bank, N.A. and our affiliates are not eligible. Chase reserves the right to withdraw this offer at any time without notice. Offers are considered interest and may be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
Unlike credit card signup bonuses, checking account bonuses are taxable. You will receive a Form 1099-INT for the signup bonus amount.
Note that you can only receive one new business checking account opening-related bonus every two years from the last enrollment date and only one bonus per account.
Key Chase Business Banking Perks
Below are some of the best Chase Business Complete Banking® features. Let’s use this Chase Business Complete Banking review to break down some of the benefits.
What is the Minimum Balance for Chase Business Checking?
You must maintain a minimum daily balance of $2,000 in your Chase Business checking account to avoid fees.
What is the Monthly Service Fee for Chase Business Complete banking?
$15 is the monthly service fee for Chase Business Complete banking, but there are ways to avoid it, but maintaining an eligible balance and other ways listed below.
Several Ways to Waive Fees for Chase Business Complete Checking
Account holders might be happy to know that there are several ways to waive the monthly service fee. This includes maintaining a minimum daily balance or purchases on your Chase Ink Business credit card.
How to Waive the $15 Monthly Fee
The $15 monthly service fee is a nuisance, but it can be easier to waive this monthly service fee than other business banking products.
For example, you can waive the $15 monthly fee with one of these actions:
- Maintain a minimum daily balance of $2,000
- Spend at least $2,000 a month with qualifying Chase Ink Business credit cards
- Deposit $2,000 Chase QuickAccept transactions and/or eligible Chase merchant services
- Maintain a linked Chase Private Client Checking℠ account
Meeting the options to waive the $15 fee for Chase Business Complete Banking is much easier for most businesses.
Convenience With Chase QuickAccept
Receiving card payments for in-person transactions is another important reason to consider opening a Chase Business Complete Banking® account.
Additionally, account holders have access to built-in card acceptance, which means card payments can be accepted anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept. QuickAccept is a free card reader with no recurring monthly fees or contracts.
It’s possible to receive same-day deposits at no additional cost. Other third-party card readers may charge a fee to request same-day payments.
In the Chase Mobile app, business owners can also issue refunds, accept payments 24/7 from across the United States, and track disputes.
Account Management
It is easier to manage your account through Chase Business online and through the Chase Mobile app. Alerts can also be set up to help you keep track of account activity.
Unlimited Deposits
Additionally, account holders have access to unlimited electronic deposits, ACH, and Chase QuickDeposit℠.
Local Branch Access
Customers have access to more than 4,700 local Chase branches and more than 16,000 ATMs across the United States for fee-free withdrawals.
Chase QuickPay with Zelle®
Enrolling in Chase QuickPay with Zelle® lets you send and receive online payments from clients and suppliers. It’s possible to use Chase QuickPay with non-Chase customers, too.
Who Can Apply for Chase Business Complete?
The following small businesses can apply for a Chase Business Complete Business account:
- Sole proprietorships
- Corporations
- LLCs
It’s possible to apply online or at a local Chase branch.
Positives and Negatives
This Chase Business Complete Banking review can be summed up a bit with a list of pros and cons.
Chase Business Complete Pros
- Unlimited electronic deposits
- Access to Chase QuickAccept and Chase QuickPay
- Local Chase Bank branch and ATM access
- Signup bonus after completing qualifying activities
Chase Business Compete Cons
- $15 monthly service fee (four options to waive each month)
- Bonus is taxable
Additional Chase Business Products
Having a Chase Complete Banking account can help business owners qualify for other Chase Business products. This Chase Business Complete Banking review wouldn’t be complete without mentioning other Chase products that give perks.
Chase Business Credit Cards
Getting Chase business credit cards, even for established businesses, isn’t a guarantee. However, establishing a Chase Bank business relationship can improve the approval odds for getting a Chase small business credit card.
The Chase Ink card family earns Ultimate Rewards®. If your business would earn more via a co-brand airline or hotel business travel credit card, know that those options also feature an exciting lineup.
Chase Business Total Savings Account
The information for the Chase Business Total Savings℠ account has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Linking a Chase Business Complete Banking® account to a Chase Business Total Savings account waives the $10 monthly fee for the savings option. Otherwise, you must maintain a $1,000 balance in the Business Total Savings account to waive the $10 monthly fee.
Two savings account benefits include 15 free monthly deposits and up to $5,000 in monthly cash deposits.
Business Lending
Chase business customers can also qualify for these two business lending options:
- Business loans: starting at $5,000
- Business lines of credit: starting at $10,000
Other financing options include SBA, equipment, trade, and commercial real estate financing. However, the minimum loan amount varies by loan type.
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℠.
Bonus: 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 3.50% bonus interest rate
Receive a bonus interest rate up to 3.50% from the account opening date when you open a new U.S. Bank Platinum Business Money Market Account and complete qualifying activities, subject to certain terms and limitations. Member FDIC.
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 for current deposit rates, disclosures on rates, compounding and crediting and other balance information. The minimum deposit required to open a Platinum Business Money Market account is $100. $15 maintenance fee per statement cycle waived with $10,000 minimum daily balance.
The special interest rate is limited to Business Platinum Money Market account only. Open a new U.S. Bank Platinum Business Money Market Account and receive the special interest rate from the account opening date. Special interest rates may change at any time without notice.
The special interest rate will be 3.50% when your account balance tier is between $50,000 to $2,999,999.99.
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.
Interest and Fee Information: You must maintain the minimum balance needed for each tier to earn the special 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. Other restrictions may apply.
Summary of Chase Business Complete Banking
In conclusion, from this Chase Business Complete Banking review, you can see that this may be the best option. The Chase Business Complete Banking® suite can be the best overall small business banking choice from Chase Bank. It’s easy to waive the monthly fees. However, businesses with a high cash balance or frequent transactions may be better off choosing a mid-tier or premier business checking option with more complimentary perks.
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