Chase Business Checking Account review
In this Chase Business Checking Account review, you will learn the details about this account and its offerings, so you can decide if it would suitable for your business.
Chase Business Checking Account: earn a $300 welcome bonus – limited offer
Chase Bank offers a business checking account in three different categories: Chase Business Complete Banking℠, Chase Performance Business Checking®, and Chase Platinum Business Checking℠.
Therefore, you can choose which fits your needs and goals better.
In this article, we will review those three types of business accounts. Keep reading to learn how they could be valuable tools for your business.
How does the Chase Business Checking Account work?
Chase offers a business account that has three different categories.
Firstly, Chase Business Complete Banking covers the essentials and offers a $300 welcome bonus (limited offer).
This account charges a $15 monthly service fee. However, you can waive the fee if you meet some requirements. Such as maintaining a $2,000 minimum balance per day, $2,000 in Chase Ink Business Card purchases, or deposits from Chase QuickAccept.
Also, you can waive monthly fees by providing a qualifying military status or linking a Chase Private Client Checking account.
Furthermore, it provides fraud protection services, unlimited debit card purchases, multiple ways of receiving or sending money, unlimited Chase ATM transactions, and more.
In addition, you can get access to an amazing mobile app and up to $5,000 cash deposits per statement cycle for free.
Complete Banking from Chase is suitable for small businesses and businesses which have just opened.
On the other hand, if your business is growing, a Chase Performance Business Checking might be a good choice for you.
Although it charges a $30 monthly service fee, it can be waived under some circumstances like maintaining a $35,000 combined average beginning day balance.
In addition, this account offers 250 monthly transactions for free and unlimited electronic deposits and incoming wires. Also, there is no fee for cash deposits of up to $20,000 per statement cycle.
And if your business is bigger and needs greater transactions, a Platinum Business Checking from Chase might be worth considering.
This account charges a $95 monthly fee that can be waived. Plus, it provides more transactions for free.
Finally, you can earn more benefits and even rewards by applying for a savings account or a Chase Ink Business Unlimited card.
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Chase Business Checking Account benefits
Chase offers three categories of business accounts, so you can choose which fits your business better.
Although all types have monthly service fees, they can be waived under simple requirements. Also, you can access a complete package of products in the same place.
Furthermore, Chase not only provides digital access but also physical locations, so you can rely on them if needed.
- The complete account offers a welcome bonus (limited offer);
- You can have access to digital and Chase physical branches and ATMs;
- There is no minimum deposit required when opening a Complete Account;
- Electronic deposits are unlimited.
- All accounts have monthly service fees;
- Better benefits require you to apply for other Chase products;
- Free transactions are limited.
How good does your credit score need to be?
Your creditworthiness will be checked. However, it is not the only factor that approves or not your application.
Also, Chase does not disclose if less-than-perfect credit is or is not considerable.
How to apply for a Chase Business Checking Account?
If you are interested in applying for a Chase Business Checking Account, learn how easy it is to open it in the next post!
Chase Business Checking Account provides digital and physical services. Learn how to open it!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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