Chase Business Checking Review 2024

Chase Business Checking Review 2024

In the digital age, with the rise of online payments and banks, the relevance of traditional brick-and-mortar banks is diminishing. However, they still hold a crucial role, offering advantages that mobile banks lack. In this review, we explore Chase Bank, one of the largest full-service banks in America.

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Our Verdict

Chase Bank provides banking solutions tailored for businesses under the banner of Chase for Business. By blending traditional brick-and-mortar operations with online banking, Chase offers a vast branch network and user-friendly online tools. This combination is ideal for small businesses needing the best of both worlds.

As a traditional bank, Chase aims to stay competitive with digital banks by enticing new customers with a $300 bonus for opening a Chase Business Checking account. It ranks fourth among the best business checking accounts.


  • $300 bonus for new customers and cashback with a business credit card
  • Access to 16,000 ATMs and 4,700 branches nationwide
  • No minimum deposit is required to open an account


  • $15 monthly fee
  • Low to nonexistent interest-earning potential
  • Requires an in-person visit to open an account

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Chase Bank Business Account at a Glance  

The Chase Business Complete Banking account is among the top business bank accounts for LLCs. This account offers the best of both offline and online banking, with access to 16,000 Chase ATMs and 4,700 branches across the U.S. and user-friendly online banking tools.

This account provides several benefits for business owners, starting with the sign-up bonus. By opening a Chase Business Complete Banking account and depositing $2,000, maintaining it for 60 days, and completing one of the required activities within 90 days, you’ll earn a $300 bonus.

If maintaining the minimum deposit for the bonus is challenging, you can still open an account with Chase, as no minimum deposit is required. The rewards continue with a $750 bonus cash back for new business credit card members and unlimited 1.5% cash back on all purchases after spending $7,500 in the first three months.

However, the Chase Business Complete Banking account may not suit those seeking interest earnings, as most Chase accounts do not offer interest. If you prefer to avoid visiting a branch in person, this may not be your account, as opening a Chase Business Complete Banking account requires an in-person visit.

Who Chase Bank Business Account Is Best For 

This account is ideal for business owners needing in-person support and access to many ATMs nationwide while using mobile and online banking tools. 

Consider the Chase Business Complete Banking account if your business handles many transactions without incurring per-transaction fees, online transactions are unlimited.

If you’re interested in a fee-free business account, check out our detailed reviews of Oxygen, Kabbage, and SoFi, which provide information on the pros, cons, and alternatives to these FinTech companies.


This review mainly covers Chase Business Complete Banking, which is best suited for small-business owners. Chase offers three business checking accounts: Chase Business Complete Banking, Chase Performance Business Checking, and Chase Platinum Business Checking. 

To help you understand the different price tiers in the business checking accounts, we’ve compared the main features of these three accounts.

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Chase Bank Business Account Features

As a traditional brick-and-mortar bank with digital banking tools, Chase Bank Business accounts provide many benefits, including in the entry-level options. Here are the main features:

Mobile and Online Banking 

The Chase Mobile® Banking app is user-friendly, secure with encryption technology, and offers several useful features for business owners. These include online bill pay and payment schedule, fraud protection, sending and receiving payments, account alerts, and setting up multiple account users directly from the app.

Sign-Up Bonus 

Chase Bank offers a great opportunity to earn extra cash if you’re seeking a business checking account with a sign-up bonus. Newcomers who open a Chase Business Complete Checking account, deposit $2,000, maintain it for 60 days, and complete five qualifying activities, such as debit card purchases and Chase QuickAccept deposits, receive $300.

Cash Back Bonus 

Earn a $750 bonus cash back when you spend $7,500 on purchases within the first three months after opening your account. Enjoy 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year.

You’ll also get 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year with the Ink Business Cash® credit card.

Accept Card Payment 

Your business can accept credit and debit card payments with Chase QuickAccept via the Chase Bank app. This service works with a mobile card reader to process tap, swipe, or dip transactions, allowing you to receive funds in your account the same day.

No Minimum Opening Deposit

While most brick-and-mortar business checking accounts require a minimum opening deposit, the Chase Business Complete Banking℠ account is an exception. You can open this account even with no initial funds.

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Alternatives to Chase Bank Business Account

If you need clarification on whether the Chase Bank Business account is the right fit for your business, several alternative options are worth considering. Here are some of the best:


Bluevine is an outstanding alternative to Chase Bank. Here, you can pay bills, secure small loans quickly, and earn a solid interest rate without monthly fees. Chase, Bluevine allows you to open an account in minutes with no minimum deposit, making it suitable for businesses of all sizes.

Account holders enjoy unlimited transactions and can earn 1.5% interest on balances up to $100,000, provided they meet a monthly activity goal. This bank offers 4.25% APY.


  • Earn up to 1.2% APY
  • No monthly fees
  • No minimum balance requirements


  • Cash deposits only via Green Dot Services
  • No physical branches

>> Experience Better Banking With Bluevine >>


Novo is another excellent choice for small businesses. This mobile-only bank features an intuitive platform, a quick application process under 10 minutes, ATM fee refunds, and no monthly fees, unlike Chase Bank.

Novo offers free ACH transfers, allowing you to manage your bills, send money, handle payroll, or transfer funds to your personal account from your mobile device. However, Novo lacks the ability to set up recurring payments and doesn’t accept cash deposits.


  • User-friendly app
  • ATM fee refunds
  • No monthly fees


  • No option for recurring payments
  • Cannot deposit cash

>> Experience Better Banking With Novo >>


Mercury positions itself as a FinTech, not a traditional bank. It caters mainly to e-commerce businesses and startups, offering both virtual (instantly generated) and physical cards. It integrates with major accounting software, and Mercury’s checking and business savings accounts are free with no minimum deposit or balance requirements.

The downside to Mercury is that, like most online-only banks, you cannot deposit cash. Also, if you seek interest earnings similar to Chase Bank, Mercury offers no interest.


  • Virtual and physical cards are available
  • No minimum deposit or balance is required
  • Integrates with major accounting software


  • No cash deposits
  • No interest-earning potential

>> Experience Better Banking With Mercury >>

Frequently asked questions

According to our analysis, opening a business account at Chase Bank has pros and cons. The disadvantages include the requirement to waive monthly service fees, low to zero interest-earning potential, and the need for in-person visits to open an account.

Yes, most Chase Bank accounts, including business accounts, charge monthly fees. However, there are ways to waive them, such as maintaining a certain balance or setting up direct deposit.

Chase Bank offers many benefits for small business owners seeking in-person help and a robust online banking service. You can make cash deposits, access many fee-free ATMs nationwide, visit a branch if needed, or manage your account from your mobile phone.

Chase Bank provides a solid business account with both an online and physical presence. However, small business owners who prefer online-only options might also consider alternatives like Novo, Bluevine, and Mercury.

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Bottom Line on Chase Bank Review  

Overall, Chase Bank offers many advantages for small business owners, especially those who need to make cash deposits, require in-person assistance, want access to fee-free ATMs, and appreciate the convenience of online business banking on the go.

>> Apply for a Chase Bank Loan Today! >>


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Judith Harvey is a seasoned finance editor with over two decades of experience in the financial journalism industry. Her analytical skills and keen insight into market trends quickly made her a sought-after expert in financial reporting.