Complete vs. Performance vs. Platinum
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.
Business owners looking for affordable, flexible banking options might consider one of Chase’s business checking accounts. With three options to choose from, Chase offers several features to serve small-, medium- and large-sized businesses.
The Chase Business Complete Banking Account is for business that make roughly 20 monthly transactions or less, whereas the Chase Performance Business Checking Account and the Chase Platinum Business Checking Account allow up to 250 and 500 fee-free monthly transactions, respectively.
All three accounts offer similar in-person banking services and online access through the Chase website and mobile app. You can also link these accounts to other Chase accounts, including savings accounts and Chase credit cards, to have all your business’s finances linked together.
Select reviewed all three Chase business accounts, taking into consideration access to cash, perks and fees, so you can compare and choose the right option for you. (Read more about our methodology below.)
Chase Business Checking Accounts comparison
Chase Business Complete Banking℠
-
Special offer
-
Monthly maintenance fee
$15, with options to waive
-
Minimum deposit to open
-
Minimum balance
$0 (but $2,000 to earn bonus)
-
Annual Percentage Yield (APY)
-
Free ATM network
-
ATM fee reimbursement
-
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
-
Overdraft fee
$34 fee for each item (maximum of 6 overdraft fees per day, for a total of $204), waived under certain conditions
-
Mobile check deposit
Yes, using the Chase Mobile app
Terms apply. Chase Bank is a Member FDIC.
How to waive the monthly fee:
Must meet any of the following requirements per month:
- $2,000 minimum daily balance
- $2,000 in purchases on one linked Chase Ink® card
- $2,000 in deposits from merchant services transactions
- Link a Chase Private Client Checking℠ account
Chase Performance Business Checking®
-
Special offer
-
Monthly maintenance fee
$30, with options to waive
-
Minimum deposit to open
-
Minimum balance
$0 (but an average daily balance of $35,000 to avoid paying monthly fee)
-
Annual Percentage Yield (APY)
Option to open an account that yields interest. APY is variable depending on daily collected balance.
-
Free ATM network
-
ATM fee reimbursement
None; Chase fee waived on out-of-network ATMs
-
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
-
Overdraft fee
$34 fee for each item (maximum of 6 overdraft fees per day, for a total of $204), waived under certain conditions
-
Mobile check deposit
Yes, using the Chase Mobile app
Terms apply. Chase Bank is a Member FDIC.
How to waive the monthly fee:
Must maintain a minimum daily balance of $35,000 or more in qualifying business deposit accounts OR have a linked Chase savings account
Chase Platinum Business Checking℠
-
Special offer
-
Monthly maintenance fee
$95, with options to waive
-
Minimum deposit to open
-
Minimum balance
$0 (but an average daily balance of $100,000 to waive monthly fee)
-
Annual Percentage Yield (APY)
-
Free ATM network
-
ATM fee reimbursement
None, Chase fee waived on out-of-network ATMs
-
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
-
Overdraft fee
$34 fee for each item (maximum of 6 overdraft fees per day, for a total of $204), waived under certain conditions
-
Mobile check deposit
Yes, using the Chase Mobile app
Terms apply. Chase Bank is a Member FDIC.
How to waive the monthly fee:
Must maintain a combined average daily balance of $100,000 or more in qualifying business deposit and business…
Read More: Complete vs. Performance vs. Platinum