Sign Up for the Chase Business Complete Banking Account and Get $300
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Managing the finances of co-owned businesses can be complicated, but the Chase Business Complete Banking Checking Account makes it easier for business owners to keep track of their spending and earnings.
The checking account allows owners to request multiple debit cards with separate PINs for each business partner and even take out other debit cards for employees. You cannot earn interest on this account, but you can link it to a Chase savings account that could yield interest.
Because of how easy this account makes it for you to manage your money, CNBC Select chose the Chase Business Complete Checking Account as the best overall business checking account.
CNBC Select reviewed the Chase Business Complete Checking Account taking into consideration your access to cash, perks and fees. (Read more about our methodology below.)
Chase Business Complete Banking Checking Account Review
Chase Business Complete Banking℠
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Special offer
Earn $300 when you open a Chase Business Complete Checking account and perform qualifying activities
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Monthly maintenance fee
$15, with options to waive
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Minimum deposit to open
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Minimum balance
$0 (but $2,000 to earn bonus)
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Annual Percentage Yield (APY)
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Free ATM network
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ATM fee reimbursement
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Small business perks
Multiple owners get individual debit cards, PINs and online access to the account; debit cards for employees for which the owner can control daily limits
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Overdraft fee
$34 fee for each item (maximum of 6 overdraft fees per day, for a total of $204), waived under certain conditions
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Mobile check deposit
Yes, using the Chase Mobile app
Terms apply. Chase Bank is a Member FDIC.
Access to your cash
Customers have access to 16,000 Chase ATMs, but Chase does not give any ATM fee reimbursements for using out-of-network ATMs.
Business owners have access to mobile check deposit using the Chase mobile app but only 20 free in-person paper check deposits or withdrawals.
Account holders have same-day access to cash when your deposit is approved before 8 p.m. (except on Saturdays). Users can also enroll in QuickAccept to facilitate credit card payments for their business that are then deposited directly into the account.
The standard daily spending limit is $10,000 for Chase Business Debit Cards.
Perks
New customers can now earn $300 when you open a Chase Business Complete Checking account and perform all the following qualifying activities:
- Deposit a minimum of $2,000 of new money within 20 business days of account opening.
- Maintain at least a $2,000 balance for 60 days from the date of deposit.
- Complete five qualifying transactions within 60 days of account opening.
Businesses that have multiple owners can get debit cards, a PIN and online access to the account for each individual. Owners can also take out debit cards for employees while controlling the daily limits on the employees
Fees
Chase does not charge fees on the first 20 transactions made with a teller or paper checks written on the account, then users are charged 40 cents per transaction.
There is no minimum deposit to open this account, and you have unlimited electronic deposits. Customers have up to $5,000 fee-free cash deposits per cycle and you can send and receive money without visiting a branch via Chase QuickDeposit, wire transfers and Chase Online Bill Pay.
The monthly fee on this account is $15, but there are options to waive if you meet one of the following conditions during each monthly statement period:
- $2,000 minimum daily balance on each day of the statement period
- $2,000 in purchases on your Chase Ink Business Card(s)
- $2,000 in deposits from QuickAccept and/or other eligible Chase Merchant Services transactions at least one business day before the last day of your checking account statement period
- Maintain a linked Chase Private…
Read More: Sign Up for the Chase Business Complete Banking Account and Get $300