Chase Business Complete Checking provides small business owners with the option to add Chase QuickAccept where you can accept payments and receive same-day deposits into your checking account at no additional cost. With its large network of branches across the U.S., business owners can take advantage of in-person support and streamline their finances using the mobile app and online banking services available.
Overall rating
4.5
Summary: Chase Business Complete Checking offers a great way to accept payments anywhere on your phone and receive same day deposits.
In depth review on Chase Business Complete Checking
A Chase Business Complete Checking Account is best for small businesses that require card payments to be processed on the same day to help manage cash flow within the business. With no minimum deposit required and unlimited fee-free electronic deposits, you can benefit from a large network of branches and ATMs to help you manage your banking needs.
Chase Business Complete Checking is best for
In-person customer support: Chase has branches all over the U.S. (except Alaska and Hawaii) with plans to open over 400 new branches in the near future. You can find your nearest branch by entering your zip code on their website using the locator page.
Chase QuickAccept: The Chase QuickAccept mobile card reader allows you to process card payments and receive same-day deposits into your checking account for no additional fee.
Fee-free electronic deposits: There are no fees for electronic deposits and deposited items, ACH and ATM transactions, Chase QuickDeposit, debit card purchases, and internal transfers.
Chase Business Complete Checking benefits
$300 sign-up bonus: New customers are eligible to receive $300 when opening a Chase Business Complete Checking Account account.
$15 Monthly fee waived: There are several ways you can qualify to have the monthly fee waived. These include a $2000 minimum daily balance, $2000 in purchases on your Chase Ink business card, $2000 in deposits from eligible Chase Merchant Services transactions or QuickAccept, or linking a Chase private client checking account.
$0 minimum deposit requirement: There is no minimum deposit to open the account.
Chase Business Complete Checking drawbacks
Limited fee-free physical transactions: Deposits and withdrawals made with a paper check or a teller are fee-free for the first 20 transactions and $0.40 thereafter.
Limited free wire transfers: There is a $0 fee for incoming domestic wire transfers if the transfer was sent by a Chase banker, using Chase online banking or the Chase mobile app. Otherwise, the fee ranges from $15 to $50 depending on the type of wire transfer.
Account opening
5
To open a Business Complete checking account with Chase, you’ll need to provide the following information:
Name
Date of birth
Business address
Two forms of personal ID where one is government-issued
Social security number or tax identification number
Business documentation
Depending on your type of business and the state you live in, you may require specific business documentation.
Fees
3.5
There are several fees to be aware of when opening a Business Complete Banking account with Chase. Some of these fees include:
Monthly fee: There is a $15 monthly fee that can be waived if you meet one of the qualifying criteria.
Domestic wire transfer fees: There is a $0 incoming wire transfer fee if the transfer originates from Chase, otherwise it’s $15 per transfer. There is a $25 outgoing wire transfer fee if done online otherwise $35 if done with the help of a banker.
International wire transfer fees: There is a $0 incoming wire transfer fee if the transfer originates from Chase, otherwise it’s $15 per transfer. There is a $5 outgoing wire transfer fee if done online ($0 for amounts equal to $5,000 or more) otherwise it’s $50 if done with the help of a banker.
Transaction fees: Deposits and withdrawals made with a paper check or a teller are $0.40 after the first 20 free transactions
Out-of-network ATM fee: There is a $3.00 fee for using a non-Chase ATM.
There are no in-network ATM fees, no cash deposit processing fees for the first $5,000 per statement period, and there are also unlimited fee-free electronic deposits. Plus, there is no extra fee for receiving same-day deposits using QuickAccept.
Features
4
Key features for the Chase Business Complete banking account include:
$300 sign-up bonus: If you’re looking for an account with added incentives and bonuses, the Chase Business Complete Checking Account account offers new customers $300 when opening an account. There are eligibility requirements and some of the qualifying activities include, adding a minimum of $2,000 to the account within 30 days and maintaining a $2,000 balance for at least 60 days. You’re also required to have at least five qualifying transactions within the first 90 days.
Chase QuickAccept: There are no hidden fees, no monthly contracts, and rates are competitive with processors such as Stripe and Square. If you purchase the QuickAccept contactless mobile card reader there is a 2.6% + 10 cents fee for each transaction. The fee for manual transactions when using the Chase mobile app is 3.5% + 10 cents. You’ll receive same-day deposits at no additional cost.
In-person customer support: With a network of branches and ATMs across the U.S., business owners that value branch-based support may prefer opening a business checking account with Chase.
Deposits and withdrawals
5
There are several ways you can fund and withdraw from your account. Some of the methods to fund your account include ATM deposit, wire transfer, electronic transfer, Chase QuickAccept, check by mail, and mobile check deposit.
You can withdraw from an ATM but be mindful of fees that apply to non-Chase ATMs. You also have the option to complete a wire transfer, ACH transfer, and visit a branch.
Customer service
4.5
If you require in-person customer service support, Chase has branches available across the US. Opening and closing times may vary, so it’s best to check the specific hours of your local branch online.
In addition, you can connect with Chase via phone, social media, and schedule a meeting to meet someone in-branch. You can also sign in online and send a secure message.
Safe and secure
5
Chase provides fraud protection services, implements multiple authentication checks, and uses encryption technology to protect your personal account information to help keep your account safe and secure.
Is Chase Business Complete Checking right for you?
Chase Business Complete Checking could be the best option for you if you’re looking for an account where you can receive personalized support, can manage your cash flow easily, and take advantage of unlimited electronic deposits. Plus, the sign-up bonus makes it an attractive option to kick start your business or transfer your business banking over to Chase.
Where Chase falls short, are the wire transfer and monthly fees. While the monthly fee can be waived, it’s an additional expense that you may need to budget for as a small business owner and if you do not require the additional benefits of the account, you may find better alternatives with lower fees elsewhere.
