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Starting a long-term bank relationship can help you get the best banking offers and make bookkeeping easy as your business grows. Even through Covid-19, Chase Bank remains a popular choice due to their many business products and bonus offers (including on the best Chase business credit cards—which have new reward categories and enhanced bonus offers).

This comparison takes a look at the three Chase business checking account options to find the best one for your business. The best business checking account depends on how many monthly transactions you have and your average daily cash balance.

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Find the best Chase business checking account option for your business. Photo by Chase

As a heads up, you will need to apply for a Chase business checking account at your local Chase branch. Although you must live near a branch, both sole proprietors and incorporated businesses can apply. Each account gives you free access to over 16,000 Chase ATMs and 4,900 branches.

You can also check out the best Chase checking accounts and best checking account bonuses if you’d like to see other options.

What’s the Best Chase Business Checking Account?

  • Free payment protection and personal banking benefits: Chase Performance Business Checking®
  • Frequent in-branch services: Chase Platinum Business Checking℠

Chase Business Complete Banking

The Chase Business Complete Banking℠ is ideal for the smallest businesses. Complimentary monthly benefits include:

  • Unlimited electronic deposits, ACH, and Chase QuickDeposit℠
  • Access to 16,000 ATMs and more than 4,700 Chase branches
  • Business specialists available to help with your business needs
  • Account Alerts
  • 24/7 customer service access
  • Chase QuickAccept
  • Access to online banking and Chase mobile app

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. Chase QuickAccept allows for convenient access to payment processing as card payments are accepted virtually anytime, anywhere in the U.S. It also allows for same-day deposits at no additional cost.

There are also multiple ways to waive the $15 monthly service fee, including maintaining a minimum daily balance or purchases on your Chase Ink business card, some of the best Chase business credit cards available.

Get $300 as a new Chase business checking customer, when you open a Chase Business Complete Banking℠ account with qualifying activities.

To earn the $300 bonus, complete these qualifying activities:

  • Open a Chase Business Complete Banking℠ account online or in branch
  • Deposit at least $2,000 in new money within 30 days of account opening
  • Maintain a minimum $2,000 balance for 60 days
  • Complete 5 qualifying transactions within 90 days of opening an account

This offer expires on 01/20/2022.

Related: Chase Private Client vs Sapphire Banking

Chase Performance Business Checking

The information for the Chase Performance Business Checking® has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Applying for the mid-tier Chase Performance Business Checking® can be worth it when you have at least 250 debits and in-branch deposits per month. You also get a few free perks for less common fees such as wire transfers.

Monthly account benefits include:

  • 250 transactions per month ($0.40 per excess item)
  • Up to $20,000 in monthly cash deposits
  • Unlimited electronic deposits
  • All incoming wires are free
  • Up to two outgoing domestic wires at no cost per statement cycle
  • Positive Pay and Reverse Positive Pay Protection (Check protection and ACH debit block)
  • Free Chase Business Premier Savings accounts ($20 monthly savings)
  • Personal account benefits

Chase also won’t charge a fee at non-network ATMs. However, you still pay fees from the network provider. The enhanced monthly deposit limits, complimentary wire transfers and protection benefits are the main reasons to choose this account. Being able to get complimentary personal account benefits is nice too.

Regarding the Positive Pay and Reverse Positive Pay Protection benefits, these benefits are only available for this account and the upper-tier Platinum Business Checking account. Each excess item fee is $0.40.

How to Waive the $30 Monthly Fee

The monthly fee is $30 per month for Chase Performance Business Checking®. You can waive the monthly fee with a minimum of $35,000 combined average daily balance in qualifying business deposit accounts. Paying the $30 fee can be worth it if you want the extra banking perks.

One incentive to keep all of your business cash (and waive this checking fee) at Chase is linking a mid-tier Chase Business Premier Savings℠. This account usually costs $20 per month unless you have a $25,000 combined average daily balance between your Chase Business deposit accounts.

Chase Platinum Business Checking

The information for Chase Platinum Business Checking℠ has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

The largest businesses and those with a minimum $100,000 cash balance should choose Chase Platinum Business Checking℠. This account is the highest-level Chase Business checking account.

Here’s why might choose this account:

  • 500 monthly transactions ($0.40 per excess item)
  • $25,000 in cash deposits per statement cycle
  • Unlimited electronic deposits
  • All income wires are free
  • Four most expensive outgoing wires are free each statement cycle
  • Counter checks, cashier’s checks, and money orders are free
  • Positive Pay and Reverse Positive Pay Protection
  • Chase Business Premier Savings monthly service fee waiver ($20 savings)

Complimentary personal account benefits are available. The minimum balance is lower to qualify for Chase Private Client benefits. You normally need $150,000 in combined qualifying personal account balances.

Having frequent non-electronic transactions can easily make this your best option to avoid the $0.40 extra item fee. If you have several incidental fees like wires and cashier’s checks, consider this account as well.

How to Waive the $95 Monthly Fee

This account has a hefty $95 monthly fee. Chase waives the fee when your qualifying business deposit and investment accounts have an average daily balance of at least $100,000.

Choosing the Best Checking Account

Knowing your number of monthly debits and in-branch deposits is the quickest way to compare your potential monthly fees. Every 10 extra items are $4 in monthly fees ($0.40 cents per transaction). One hundred excess items means that you’re paying $40, your monthly service fee, and any other incidentals.

The Chase Business Complete Banking℠ can be the best overall option if you mostly do electronic deposits.

But, what if you visit the local Chase branch regularly or need less common features like wire transfers or cashier’s checks? Choosing one of the other Chase accounts may charge a higher monthly service fee but can save you money long-term in “hidden fees.”

Regardless of which account you choose, you can have an easier time qualifying for a Chase business credit card. Note though that having a Chase business checking or savings account doesn’t guarantee approval. But, it’s harder to qualify for a credit card under the current conditions than before the global health crisis.


The best Chase business checking account is the one that lets you easily waive the monthly fee. You should also factor incidental fees like excess items, wire transfers, and cashier’s checks into your comparison. A complimentary personal or business savings account can also make an upper-level account be a good match.


Who can open a Chase business checking account?

Sole proprietors, partnerships, corporations, and LLCs can open a Chase business checking account. It’s also possible for unincorporated associations and organizations to apply. You must apply at a local Chase branch.

U.S. citizens, permanent residents, and non-U.S. citizens can apply for an account. Each applicant needs two forms of identification. One must be an official government-issued I.D. such as a passport or a state-issued driver’s license.

Your business filing status (i.e., sole proprietor or LLC) and state of residence determine what additional documentation you will need. Visiting the Chase website lets you find the necessary documents.

Which Chase business checking account is best?

The best Chase business checking account for most small businesses and freelancers is the Chase Business Complete Banking℠ account. You get unlimited electronic deposits.

Does Chase have a free business checking account?

Chase doesn’t offer a fully free business checking account. However, they offer business checking options that give you the opportunity to waive the monthly service fee.

Some online-only business checking accounts exist and are naturally fee-free. However, you lack local branch access which makes handling cash deposits difficult.

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