9 Ways Chase Business Checking Benefits Small Businesses

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Managing and tracking your money is critical when running a small business, whether a part-time side hustle or a full-time venture. The Chase Business Complete Checking® account is a good choice for many businesses due to a combination of helpful features and benefits.

Here’s a look at nine ways Chase Business Checking can help your small business.

Chase Business Complete Checking®

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• Intro Bonus $300Expires July 22, 2024 More Info

  Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.

The Chase Business Complete Checking® account is an attractive option. It offers the convenience of one of the largest financial institutions in the country, and it frequently offers bonuses that are relatively easy to earn. While it does not allow you to accrue interest on your funds like some other popular small business checking accounts, it's still very much worth considering if you can meet the requirements to waive its monthly fees.

• Overview
• Pros & Cons

Overview

The Chase Business Complete Checking® account comes loaded with a valuable sign-up bonus and an assortment of helpful perks, so long as you can meet the requirements to waive its monthly fees. It’s a good fit for many business checking customers, regardless of business size.

Pros

• Generous signup bonus
• Several options to waive monthly fee
• Same-day deposits using QuickAccept℠ service
• Huge network of in-person branches and ATMs

Cons

• Monthly maintenance fee
• Overdraft fees are relatively high
• Limit on fee-free cash deposits and physical transactions

Chase Business Complete Checking Basics

Chase Bank is part of JPMorgan Chase & Co., one of the largest financial institutions globally. In the United States, it often ranks highly compared to other nationwide banks for customer service and online banking features. I’ve used Chase business accounts for about a decade and am generally happy with my experience.

Chase Business Checking could be a good choice if you’re running a small business, including part-time businesses and side hustles. Chase Business Complete Checking is an introductory-level checking account for small businesses. It comes with all the features you would expect from a small business bank account, including a debit card, online bill pay, mobile check deposit, and other optional online banking and money management features.

While the account charges a $15 monthly fee, it’s waived if you maintain a $2,000 minimum daily balance, make at least $2,000 in monthly purchases on Chase Ink® Business credit cards, or accept at least $2,000 in deposits using Chase Payment Solutions tools.

If you’re wondering how Chase Business Complete Checking this account can help your business, here are nine important ways this Chase Business Checking account benefits small businesses.

1. Handle Most Needs With Online and Mobile Banking

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If you’re like most small business owners, you’re busy and have a never-ending to-do list of business tasks to handle. Online business banking features make managing the most common tasks quick and easy without driving to the bank or waiting on hold for a phone representative.

Checking your balance, reviewing recent transactions, transferring funds between accounts, and online bill payments are just a few taps away in the Chase mobile app or a few clicks away when logged in on your computer.

2. Thousands of Branch and ATM Locations

If you need to deposit cash or want in-person customer service, sometimes you’ll have to head to a branch or ATM for in-person banking. When that happens, you can choose from any of Chase’s 4,700 branches or 15,000 ATMs. It is the biggest bank branch network nationwide.

Outside of peak banking hours, such as the payday rush on Friday afternoons, I rarely have to wait for more than a minute or two for a teller, if at all. As a bonus, my local branch often has hot coffee or lollipops to perk up or sweeten my day.

3. Several Ways to Avoid the Monthly Fee

The biggest downside of Chase Business Complete Checking is that there’s a monthly fee if you don’t meet certain requirements. But the upside is that Chase gives you several easy ways to avoid paying a fee for a business checking account.

For the Chase Business Complete Checking account, you’ll need to maintain a $2,000 minimum daily balance, make at least $2,000 in Chase Ink® credit card purchases per statement period, or accept at least $2,000 in deposits during the statement period through Chase QuickAccept℠ or other eligible payment solutions. Alternatively, you can link. a Chase Private Client account or provide valid proof of military status (active or verteran).

If you have the business checking account, you’ll get a Business Total Savings™ account for free regardless of balance and activity.

4. Account Options to Grow With Your Business

If Chase Business Complete Checking doesn’t meet your growing business needs, upgrading is quick and easy. Chase Performance Business Checking® requires a much higher $35,000 average combined daily beginning balance to avoid the $30 monthly service fee. Still, it includes credit and debit processing and other Chase Payment Solutions℠ services, among other added features.

Chase Platinum Business Checking℠ requires a hefty $100,000 average combined beginning daily balance to avoid a $95 monthly fee, but again, the account does a lot more to handle the needs of larger businesses. Upgrading could be the right choice if your business maintains those account balances as you grow.

5. Compatible With Accounting and Bookkeeping Software

As the biggest bank in the United States, every accounting and bookkeeping software vendor is wise to implement integrations with Chase. If you use QuickBooks®, Xero, Wave Accounting, or any other popular accounting software, you can link your Chase accounts to download transactions automatically.

Chase also includes helpful transaction summaries and reports, but it’s important to track your business finances using external accounting software to ensure you have access to the most detailed financial reports and can prepare accurate annual tax filings.

6. Accept Credit Cards and Other Payments

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When running a business, you can choose any payment processor, including third parties like Square®, Fiserv or Stripe. But to streamline your business payments, you can get merchant processing from the same bank as your checking account.

You can take credit and debit card payments on the go using the Chase Mobile® app. You can also enter payment details into Chase.com using your computer. Businesses with physical locations can use the Chase Smart Terminal for payments. Fees are competitive.

7. Manage Industry-Leading Credit Cards With the Same Login

Don’t rush to grab that Chase debit card when making purchases for your business. Instead, consider a Chase Ink Business credit card. Ink Business Cash®, Ink Business Unlimited® and Ink Business Preferred® are highly-rated business credit cards offering cash back and travel rewards.

Options include cards with no annual fee and points that transfer to top travel partners such as United Airlines, Southwest Airlines, and Marriott.

8. Online Bill Payments to Anyone

With a Chase Business Complete Checking account, you may never have to write a paper check again. Online bill pay features work similarly to personal online banking. You can send electronic payments to many large companies, and any other payee receives a paper check in the mail.

Bill pay is free to use, even when mailing a check. If you are used to sending checks, switching to Chase Online Bill Payment saves you an envelope and stamp for every payment. Those small savings add up over time.

A huge perk is the inclusion of Zelle® as a payment option. With Zelle, you can send payments to individuals or businesses with accounts at banks in the Zelle network for free with near-instant transfers.

9. Strong Security Features

Fraud is an expensive and challenging problem for businesses of all sizes. Chase includes a suite of fraud protection services and always monitors accounts for suspicious activity. I set up alerts for large checks on my account (I never send them, so that would be suspicious).

I’ve received several alerts about transactions the bank wasn’t sure should be allowed for my Chase payment cards. A quick text message reply is all it takes to authorize transactions that are really you. More than once, it was real fraud, and I needed to get a new card number. But thanks to Chase’s proactive transaction monitoring, I’ve never had to pay a cent out of pocket for fraudulent transactions.

Bottom Line

There’s no perfect bank account for all businesses, but there likely is a good fit for you. If you want to work with one of the biggest banks in the world where you can have virtually any financial need met with a single login, Chase may be an excellent choice.

Ready to Open a Chase Business Complete Checking account? Start here.

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And, when you consider these nine big benefits of the Chase Business Complete Checking account, you may be ready to click the signup button right now.

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