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The Chase Business Complete Checking account stands out as one of the most flexible brick-and-mortar business checking accounts on the market. It places few limitations on transactions and gives you the best of both worlds with a large branch network and user-friendly online tools. Plus, you don't need a separate merchant services account to accept credit card transactions.
The Chase Business Complete Checking account is a great option for small businesses that don't deal a lot in cash. As long as you can fulfill one of the criteria necessary to waive its monthly fee, you'll likely find this account to be more affordable than many of its competitors.
It doesn't have transaction limits for electronic transfers, ATM or debit card transactions, internal transfers, or deposits made using Chase QuickDeposit℠, if you meet the waiver requirements.
It's also a great fit for those who are comfortable banking online, yet still want the option of getting in-person support if they need a little extra help. Chase has one of the largest branch networks in the nation as well as user-friendly online and mobile account management tools.
The Chase Business Complete Checking account stands out for the following reasons.
Chase doesn't charge you for any electronic deposits, ATM and debit card transactions, internal transfers, or Chase QuickDeposit℠ transactions. You may have to pay a per-transaction fee for cash deposits, deposits and withdrawals you make at a branch, and checks you write from your account over the monthly limits. Most businesses probably won't encounter these issues.
Few other business checking accounts are as generous as the Chase Business Complete Checking account in this respect, so it's worth considering if you don't want to be nickeled-and-dimed every time you move money around.
Like most brick-and-mortar business checking accounts, the Chase Business Complete Checking account has a monthly maintenance fee, but the bank gives you plenty of opportunities to waive it.
Many businesses should be able to meet one of these criteria, but even if you can't, the fee isn't unreasonable compared to similar business checking accounts.
The methods are:
If your customers frequently pay with credit cards, you'll appreciate the option to add Chase QuickAccept to your account. This enables you to process credit card transactions from just about anywhere and Chase will deposit the funds into your account the same day. However, you'll incur additional fees with Chase QuickAccept, so make sure you're comfortable with these before you use the service.
The Chase Business Complete Checking account is one of the few brick-and-mortar business checking accounts that doesn't require new customers to deposit a certain amount of money to open an account. You can even open a Chase Business Complete Checking account with no money if you don't have extra cash on hand.
You can give employees limited access to your financial accounts if they need it for bookkeeping. You have the option to add users and assign them permissions through your online account, which you can change or remove.
If you open a Chase Business Complete Checking account by Jan. 21, 2021 at a branch near you, you could be eligible for a sign-up bonus. You must deposit at least $2,000 within 20 days of account opening and maintain a balance of at least $2,000 for 60 days and complete five qualifying transactions to get your bonus.
Chase small business banking customers have these options for moving money in and out of its Business Complete Banking accounts.
You can deposit funds into your Chase Business Complete Checking account using these methods:
Here's how you can withdraw money from your Chase Business Complete Checking account:
Chase is one of the largest and most popular banks for a reason. Here's why you should consider opening a business bank account here.
Chase has one of the largest networks of bank branches and ATMs in the nation. That's not a guarantee there will be one near you, but the odds are higher than they would be with most Chase competitors. That makes it a good fit for business owners who value in-person support.
Though it's a brick-and-mortar bank, Chase also offers online and mobile account management tools that can compete with the best online banks. You can view your balance and transfer money between accounts, pay bills, remotely deposit checks, accept credit card payments, and manage account permissions for every member of your organization from anywhere with an internet connection.
Besides the Chase Business Complete Checking account, Chase offers multiple other business checking accounts, discussed below, business savings accounts and CDs, credit cards, loans and lines of credit, and more. That makes it a great fit for growing companies and those interested in doing all their business banking in one place.
While Chase has a lot going for it, here are a few reasons to look elsewhere for a business checking account.
Some of Chase's competitors, particularly online banks, offer out-of-network ATM fee reimbursements to help customers keep their costs down. Chase doesn't do this and that could make it more expensive if you frequently travel to areas where Chase doesn't have in-network ATMs or branches.
Chase isn't a great fit for business checking customers who hope to earn interest on their balance. Most of Chase's business checking accounts don't offer interest and those that do typically offer a low rate, especially compared to online business checking accounts. While most people don't choose a business checking account for its interest-earning potential, you can find more lucrative accounts elsewhere if this is important to you.
You must visit a Chase branch in person to open a Chase Business Complete Checking account. This may not be a huge inconvenience if there's one near you, but if not, this could rule out Chase as an option for your business banking needs.
The Chase Business Complete Checking account is primarily designed for small businesses. If you have a large business or your company is growing quickly, one of these other Chase business checking accounts might suit you better:
The Chase Business Complete Checking account is definitely worth a closer look if you're just starting your business and want a flexible checking account with few fees. But as with any bank account, it pays to compare a few different options before you decide which one is right for your business. Check out some of our reviews of other top business checking accounts to see what else is out there.
Yes, the Chase Business Complete Banking account comes with Chase QuickAccept, which enables you to process credit card payments from just about anywhere. However, there are per-transaction fees for this service.
You'll need your business formation documents, some form of personal ID, your Employer Identification Number (EIN), and paperwork showing your doing business as (DBA) name if you have one. The Chase Business Complete Banking account doesn't require you to add a certain amount of money to open the account.
If you'd like to avoid fees, stick to Chase's network of ATMs. You can find the nearest one to you using the locator tool on the company's website or in its mobile app. You can use an out-of-network ATM, but Chase will charge you a fee and the ATM owner may as well.
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