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Chase Business Checking: 2023 Review

This digital-friendly Chase business checking account is ideal for small-business owners who want branch access.
Last updated on April 25, 2022
Edited byMary M. Flory
Fact checked and reviewed

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Our Take

The bottom line:

Chase Business Complete Checking℠ stands out with a $
sign-up bonus and access to Chase QuickAccept℠, which can be used to accept credit card payments on the go. But free in-person transactions are limited to just 20 per month, far less than what competitors allow.
Full review

Chase Business Complete Banking℠

Member FDIC
Monthly fee
$15.00 Waived with $2,000 minimum balance
$300 Requirements to qualify
Learn more

at Chase, Member FDIC

Pros & Cons


  • No minimum opening deposit.
  • Unlimited fee-free electronic transactions.
  • Integrated credit card processing.
  • Welcome bonus for new customers (terms apply).
  • No overdraft fee unless account is overdrawn by more than $50; 24-hour grace period applies to overdrafts beyond that amount.


  • $15 monthly fee.
  • Monthly limit on fee-free cash deposits ($5,000) and physical transactions (20).
  • Fee for using out-of-network ATMs.

How does Chase compare?

Monthly fee


Waived with $2,000 minimum balance

Monthly fee


Monthly fee








With $0 min. balance for APY



Requirements to qualify





Full Review

Chase offers three business checking accounts:
Chase Business Complete Banking℠
, Chase Performance Business Checking® and Chase Platinum Business Checking℠.
This review and the corresponding star rating focus on
Chase Business Complete Banking℠
, which caters most to small-business owners with a low monthly fee ($
), unlimited electronic deposits and a focus on digital tools.
You can avoid the $
monthly service fee if you hit any one of the following criteria during your monthly statement period:
  • Maintain a daily minimum balance of $2,000.
  • Spend a minimum of $2,000 on purchases using a Chase Ink Business Card.
  • Deposit at least $2,000 into your account from Chase QuickAccept transactions or other eligible Chase Payment Solutions transactions.
  • Link a Chase Private Client Checking account.
Military service members and veterans can also have this monthly fee waived with a valid military ID or proof of military service.

Chase Business Complete Banking℠
is best for small-business owners who:

  • Want a full-service business bank with business loans, business credit cards and merchant services.
  • Can meet one of the criteria required to waive the $
    monthly fee.
  • Deposit $5,000 or less in cash each month; make 20 or fewer in-person transactions per month.
  • Can take advantage of integrated credit card processing services.

Chase Business Complete Banking℠
at a glance

Monthly fee:
$15 (multiple ways to waive including maintaining a minimum daily balance of $2,000).
Minimum opening deposit requirement:
Unlimited electronic deposits; 20 free teller and paper transactions per month.
Earn $300 when you open a Chase Business Complete Checking® account. For new business checking customers with qualifying activities.

How to open a Chase business checking account

You can open a Chase business checking account online if your business is a privately held sole proprietorship, corporation or LLC (with one member or manager). All other business entities must apply in person at a local branch. Chase operates more than 4,700 retail branches across 48 states.
While there is no minimum deposit required to open a Chase Business Complete Checking account, you must transfer money into your account within 60 days or the account will be closed.
After your account is funded and set up, you’ll be able to manage your business banking using Chase online, the Chase mobile app and by visiting Chase branches and ATMs.

What you need to open a Chase business account

Business owners need to supply the following documents and information to open a Chase business checking account:
  • Two forms of identification, including a government-issued photo ID.
  • Employer identification number (or Social Security number for single-member LLCs).
  • Business documents, including assumed name or DBA certificate, articles of organization or incorporation, partnership agreement and business license, depending on your entity type.
  • Business address and telephone number.
  • Date of birth, Social Security number and personal address for anyone with 10% or more ownership in the company.

Chase sign-up bonus

You can earn a $
sign-up bonus if you deposit $2,000 or more within 30 days of opening your account, maintain that balance for 60 days and complete five qualifying transactions, including:
  • Debit card purchases.
  • Chase QuickAccept deposits.
  • Chase QuickDeposit.
  • ACH credits.
  • Credit and debit wires.

Looking for a business checking account?

See our overall favorites, or choose your business type to find the best options for you.

Our top overall picks

on Nerdwallet's secure site

Chase Business Complete Banking℠
stands out

Unlimited electronic deposits: You have access to unlimited electronic deposits, which include deposited items, ACH transfers, ATM transactions, debit card purchases, internal transfers and Chase QuickDeposit (mobile deposit). This provides a high level of flexibility with online payments, similar to what you’ll find with many online-based business checking accounts.
Sign-up bonus: You can earn $
when you sign up for
Chase Business Complete Banking℠
, provided you deposit $2,000 within 30 days, maintain that balance for 60 days and complete five qualifying activities such as debit card purchases or mobile check deposits. As far as business bank account promotions go, this one is hard to beat.
Mobile and online banking tools: Chase mobile and online banking include features such as online bill pay, fraud protection, text banking, account alerts and Chase QuickPay with Zelle. You can also set up multiple users on your account, download account activity to financial software and have access to collection and cash-flow services.
Integrated credit card processing: Among the Chase business checking accounts, Business Complete is the only one that lets you use Chase QuickAccept to accept credit card payments with the Chase mobile app. This integrated credit card processing service is pay-as-you-go and connects with a mobile card reader to tap, swipe or dip transactions.
Processed payments will be deposited into your checking account without the need for a separate app, allowing you to manage banking and sales transactions seamlessly. You’ll pay 2.6% plus 10 cents for tapped, dipped or swiped transactions and 3.5% plus 10 cents for keyed transactions.

Chase Business Complete Banking℠
falls short

Monthly fee:
Chase Business Complete Banking℠
’s $15 monthly fee is a hard pill to swallow. Consider a free business checking account if you can’t reliably maintain a $2,000 daily balance or hit one of the other criteria needed to waive the monthly fee.
U.S. Bank's
U.S. Bank Silver Business Checking
has no monthly fee, includes up to $2,500 in cash deposits and offers a welcome bonus of up to $
(terms apply). And most online business checking accounts have no monthly fee or transaction limits, though some don't support cash deposits.
Limited fee-free cash deposits: The
Chase Business Complete Banking℠
account only includes up to $5,000 in cash deposits per month without fees. After that $5,000, you’ll pay $2.50 per $1,000 deposited. If your business operates mainly in cash, this low threshold may be problematic, especially if you are continuously having to pay the $2.50 excess fee.
Bank of America Business Advantage Fundamentals™ Banking
includes up to $7,500 in fee-free cash deposits per month, which gives businesses a lot more leeway on cash deposits. This account has a comparable monthly fee ($
), which is waived if you spend $250 in net-new qualifying purchases on your Bank of America business debit card or if you maintain a combined average monthly balance of at least $5,000.
Limited fee-free transactions: This Chase business checking account offers unlimited electronic deposits, but only 20 fee-free physical transactions are allowed per month (each additional transaction costs 40 cents). Consider one of our other picks for the best business bank accounts if you regularly use paper checks or rely on in-person transactions.
Capital One Business Basic Checking®
, for example, has the same monthly fee as
Chase Business Complete Banking℠
but the Capital One account includes unlimited in-person and electronic transactions for no extra charge.

Learn more

at Chase, Member FDIC


NerdWallet evaluates business bank accounts on more than 20 data points, scoring them on fees, perks and accessibility, among other factors. This information is gathered from each financial institution's website and company representatives. In addition, data is collected regularly and reviewed by our editorial team for consistency and accuracy.
Final star ratings are presented on a scale of one to five stars, where a one-star score represents "poor" and a five-star score represents "excellent." Learn more about how we rate business checking accounts.