The bottom line:
Chase Business Complete Checking℠ includes standout features like unlimited electronic deposits and access to Chase QuickAccept℠, which can be used to accept credit card payments on the go. But free in-person transactions are limited to just 20 per month, far less than what competitors allow.
Pros & Cons
- No minimum opening deposit.
- Unlimited electronic deposits.
- Opportunity to earn $300 sign-up bonus.
- Access to 16,000 Chase ATMs and 4,700 branches across the U.S.
- Online banking and bill pay; mobile banking with integrated credit card processing.
- $15 monthly fee.
- Fee-free cash deposits limited to $5,000 per month.
- Fee-free physical transactions limited to 20 per month.
- No free wires included.
How does Chase compare?
Waived with $2,000 minimum balance
Waived with $5,000 minimum balance
With $5,000 minimum balance
Requirements to qualify
Chase Business Complete Checking℠, formerly known as Chase Total Business Checking, offers essential banking features for small-business owners. This business bank account includes unlimited electronic deposits, access to Chase branches and ATMs and the ability to deposit cash, write checks and send and receive wires.
You don’t get as many fee-free transactions with Chase Business Complete Checking compared with some competitors. But the account stands out with a $300 sign-up bonus and access to Chase QuickAccept℠, which can be used to accept credit card payments on the go.
Chase Business Complete Checking is best for small-business owners who:
Want to be able to do some of their business banking in person.
Can pay a $15 monthly fee or qualify to waive it.
Want to earn a sign-up bonus when opening a business checking account.
Deposit $5,000 or less in cash each month; make 20 or fewer transactions per month.
Can take advantage of integrated credit card processing services.
Chase Business Complete Checking at a glance
$15 (multiple ways to waive including maintaining a minimum daily balance of $2,000).
Minimum opening deposit requirement:
Unlimited electronic deposits; 20 free teller and paper transactions per month.
$300 sign-up bonus
How Chase Business Complete Checking works
Account options: Chase offers three business checking accounts: Chase Business Complete Checking, Chase Performance Business Checking® and Chase Platinum Business Checking℠. Of these options, the Chase Business Complete Checking caters most to small-business owners with a low monthly fee (and four ways to waive it), unlimited electronic deposits and a focus on digital tools.
Your Chase Business Complete Checking account will incur a $15 monthly service fee unless you can meet one of the following qualifications during your monthly statement period:
Maintain a daily minimum balance of $2,000.
Spend a minimum of $2,000 on purchases using a Chase Ink Business Card.
Deposit at least $2,000 into your account from Chase QuickAccept transactions or other eligible Chase Merchant Services transactions.
Link a Chase Private Client Checking account.
Military service members and veterans can also have this monthly fee waived with a valid military ID or proof of military service.
How to apply: You can apply for an account in person by visiting a branch. You can also apply online if your business is a privately held sole proprietorship, corporation or LLC (with one member or manager).
Regardless of the way you apply, you’ll need to provide information about yourself and your business, as well as supporting identification and documentation to complete and submit your application.
Once your application has been reviewed and approved by Chase, you’ll be able to access and start setting up your account. Although there’s no minimum opening deposit requirement for the Chase Business Complete Checking account, you must transfer funds into your account within 60 days or the account will be closed.
After your account is funded and set up, you’ll be able to manage your business banking using Chase online, the Chase mobile app and by visiting Chase branches and ATMs. Phone-based customer service is also available 24/7.
Bonus details: You can earn the $300 sign-up bonus if you deposit $2,000 or more within 30 days of opening your account, maintain that balance for 60 days and complete five qualifying transactions, including:
Debit card purchases.
Chase QuickAccept deposits.
Credit and debit wires.
Where Chase Business Complete Checking stands out
Unlimited electronic deposits: You have access to unlimited electronic deposits, which include deposited items, ACH transfers, ATM transactions, debit card purchases, internal transfers and Chase QuickDeposit (mobile deposit). This provides a high level of flexibility with online payments, similar to what you’ll find with many online-based business checking accounts.
Sign-up bonus: You can earn $300 when you sign up for Chase Business Complete Checking, provided you deposit $2,000 within 20 days, maintain that balance for 60 days and complete five of the qualifying activities such as debit card purchases or mobile check deposits. If you’re looking for a business checking account with a sign-up bonus, this is an opportunity to earn one.
Mobile and online banking tools: Chase mobile and online banking include features such as online bill pay, fraud protection, text banking, account alerts and Chase QuickPay with Zelle. You can also set up multiple users on your account, download account activity to financial software and have access to collection and cash-flow services.
Integrated credit card processing: Among the Chase business checking accounts, Business Complete is the only one that lets you use Chase QuickAccept to accept credit card payments with the Chase mobile app. This integrated credit card processing service is pay-as-you-go and connects with a mobile card reader to tap, swipe or dip transactions.
Processed payments will be deposited into your checking account without the need for a separate app, allowing you to manage banking and sales transactions seamlessly. You’ll pay 2.6% plus 10 cents for tapped, dipped or swiped transactions and 3.5% plus 10 cents for keyed transactions.
» MORE: Compare point-of-sale systems
Where Chase Business Complete Checking falls short
Monthly fee: Although there are several ways to waive the $15 monthly fee, it’s still something to keep in mind and budget for. Plus, there are free business checking account alternatives from both brick-and-mortar and online competitors.
Limited fee-free cash deposits: The Chase Business Complete Checking account includes up to $5,000 in cash deposits per month only without fees. After that $5,000, you’ll pay $2.50 per $1,000 deposited. If your business operates mainly in cash, this low threshold may be problematic, especially if you are continuously having to pay the $2.50 excess fee.
Limited fee-free transactions: This Chase business checking account offers unlimited electronic deposits, but only 20 fee-free physical transactions are allowed per month (each additional transaction costs 40 cents). In comparison, Chase’s middle business checking account — Chase Performance Business — offers 250 fee-free transactions per month. If you plan on writing paper checks or making teller-deposits frequently, the business complete checking account may not meet your needs.
NerdWallet's business checking reviews look at multiple factors, including monthly fee, APY, ATM access, transaction limits, cash deposit allowance, customer service, additional features and incidental fees, such as overdraft, NSF and stop payment charges.