Chase Business Checking Promotions – Earn a $300 Sign Up Bonus for Opening a New Account

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Chase Business Checking Review
Chase Bank offers business banking services that can take you from start up through IPO. For a limited time, you can earn a $300 sign up bonus when you open a new account with qualifying activities.

Chase Bank is one of the largest banks in the US, with the second-highest number of physical branches.

This makes them well-positioned to offer a Business Checking product that can meet the needs of just about any size business.

In this Chase Business Checking review, we take a deep look at what Chase Bank offers, including the pros and cons of their different business accounts, and whether or not it may be a fit for you.

Chase Bank Business Checking Review
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  • Fees & Charges
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4.6

Summary

Chase Bank offers a variety of personal and business banking solutions, from the college student, up through commercial banking. Chase Bank Business checking and savings products cover just about any size small business, from the one-person start-up, to the Fortune 500 mainstay. They also offer a variety of other useful banking services, including credit cards, lending, merchant services, payroll, and more. Finally, their extensive network of branches and AMT locations make them a convenient bank to handle your small (or large!) business needs.

Is A Chase Business Checking Account Right For You?

Running a business is a lot of work. The last thing you want to do is spend too much time, energy, or money on your administrative tasks.

That’s why finding the right business bank account is an important part of managing your business finances.

I recommend taking a deep look at your business banking needs before opening a business checking or savings account.

Not all businesses have the same needs, and not all business banking accounts are created equal. This review takes a look at Chase Business Checking and can help you decide if it’s right for your business.

Chase offers several flexible business checking accounts and many additional business services, including credit cards, business loans, merchant services, and payroll processing.

Chances are very good you can find a Chase business checking account plan that will fit your business banking needs.

Chase Business Bank Account Overview

New Eligible Chase Business Checking Account Features
Business Banking Account Types Checking, Savings, CDs, Credit Cards
Other Account Types Business Lending, Small Business, Commercial Business
Minimum Required Deposit to Open Account Varies by account
Number of Branches More than 4,700
ATM Network Size 16,000
ATM Reimbursements N/A
Remote Deposit Availability Yes
App Availability iOS, Android
Bill Pay Yes
Person to Person Money Transfers Chase QuickPay With Zelle
Money Transfers ACH, EFT, Wire Transfers (fees may apply)
Customer Service Types Phone
Customer Service Hours 24/7
Member FDIC FDIC Certificate #628
Routing Number / ABA Number Chase Bank Has Different Routing Numbers, Based on Location. See Notes Below for More Information
Current Promotions Yes – Get $300 as a new Chase business checking customer, when you open a Chase Business Complete BankingSM account with qualifying activities.
See more Bank Promotions

Chase Business Complete BankingSM Account $300 Sign Up Bonus

Chase Bank is currently offering new customers the opportunity to earn a $300 cash bonus when you open a Chase Business Complete Banking account and perform qualifying activities.

$300 Bonus Offer

  • Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities.
  • More ways to waive fees. Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card
  • Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept(SM).
  • Same-day deposits with QuickAccept(SM). Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost.
  • Alerts to help you stay on top of your account activity.
  • Easy account management through Chase Business online and the Chase Mobile® app.
  • Unlimited electronic deposits, ACH and Chase Quick DepositSM.
  • Convenient access to 16,000 ATMs and more than 4,700 branches.

To qualify for the $300 cash bonus, you must:

  • Open a Chase Business Complete Banking account
  • Make a minimum qualifying deposit of $2,000 or more in new money within 30 business days of account opening
  • Maintain a balance of $2,000 or more for 60 days, and
  • Complete a minimum of 5 qualifying transactions within 90 days — debit card purchases, Chase Quick Deposit, wire transfers, ACH transfers, ACH (Credits), and wires (Credits and Debits).

Visit the Chase website to get a Coupon Code for the $300 Sign up bonus

Chase Business Banking Accounts – Common Features

Chase Business Checking ReviewChase has three main business account types:

  • Chase Business Complete Banking,
  • Chase Performance Business Checking, and
  • Chase Platinum Business Checking.

Each of these accounts has its own features, benefits, and fee structures.

Let’s take a look at the common features these accounts share, as well as some of the features that differentiate these accounts.

These three accounts all share some things in common, including the following:

  • More than 4,700 Chase Bank locations
  • 16,000 Chase ATMs
  • Business Debit Cards

Here are some more features offered by Chase Business Checking Accounts:

Online Banking, Mobile Banking, and Bill Pay:

  • Online Banking: Manage your account, check balances, send and receive money, make transfers, receive account alerts, receive paperless statements, and much more.
  • Mobile Banking: Chase features mobile banking apps for both iOS and Android devices.
  • Online Bill Pay: Make secure payments to vendors, contractors, and others free of charge when made to a qualified account.
  • QuickDeposit: Deposit checks online, anywhere, anytime. See below for more information about QuickDeposit.
  • Chase QuickPay® with ZelleSM: Send money to nearly anyone using his or her email address or mobile phone number.
  • Account Activity Sync: Easily sync your account information with QuickBooks, QuickBooks Online, Xero, and other accounting platforms.
  • Account Alerts: Receive email, text, and push alerts for transactions such as low balance alerts, deposits, and more.
  • Paperless Statements: Paperless statements may make you eligible for reduced monthly fees.

Chase QuickDeposit – Deposit Checks Remotely

Chase QuickDeposit is a quick and easy way for businesses to deposit checks. Businesses can use the Chase mobile-banking app to deposit checks free of charge. Simply load the app and follow the prompts.

Businesses that need to deposit a large number of checks may be better off acquiring a check scanner, which allows you to scan and deposit checks in bulk. You can receive a free Single Feed Check Scanner when you sign up for a two-year contract at $25 a month. This is sufficient for businesses that process a moderate number of physical checks.

If your business processes a large number of physical checks, you will be better off obtaining a Multi-Feed Check Scanner, which you can receive free when you sign a two-year contract for $50 per month.

Additional scanners are available for purchase and can be linked to your account. All check and deposit item fees will be billed and processed according to your account maintenance fee schedule, so be sure to read the details of your agreement.

Chase Merchant Services

Merchant services are a premium service that allows businesses to receive payments at Point of Sale (POS), chip card terminals, online, in-person, and over the phone.

Chase Bank also offers merchant service solutions for e-commerce, mobile sales, and remote transactions. You can work with your local Chase branch to help you determine the best methods for processing payments for your business. They can walk you through your options, including potential contracts or equipment and monthly fees.

Additional Premium Services Available to Chase Bank Customers:

The following premium services are available to Chase Bank Business customers. Pricing and eligibility vary based on the service:

Chase Bank Business Account Options: Different Plans for Different Business Needs

As mentioned above, Chase Bank offers three business checking account options:

  • Chase Business Complete Banking,
  • Chase Performance Business Checking, and
  • Chase Platinum Business Checking.

Chase Business Complete Banking

The Chase Business Complete Banking account is the entry-level business checking account offered by Chase Bank.

But, entry-level doesn’t necessarily mean it won’t meet your needs.

There is no minimum balance to open an account. However, there is a minimum deposit to receive the sign up bonus, and a minimum average account balance to avoid fees.

Here are some of the prime features:

  • Monthly Service Fee: $15 or $0. Monthly Service Fees can be waived when you maintain a specified minimum daily balance when linking certain Chase accounts, or by meeting other requirements. See the Chase website for specific information.
  • 100 transactions per month at no charge
  • Unlimited electronic deposits
  • $5,000 in cash deposits per statement cycle without an additional fee
  • Domestic and International wire transfer availability

The $5,000 cash deposit limit refers to actual cash deposits, not total deposits from checks, online transfers, credit card payments, and other methods.

Keep this in mind if your business handles a lot of cash transactions.

Chase Performance Business Checking

This is the mid-level checking account offered by Chase Bank. It is designed for businesses that handle more transactions each month or that deal with more cash deposits.

  • Monthly Service Fee: $30 or $0. Monthly Service Fee is waived when you maintain a combined average daily balance of $35,000 or more in qualifying business deposit accounts
  • 250 transactions per month at no charge
  • Unlimited electronic deposits and incoming wire transfers
  • $20,000 in cash deposits per statement cycle without an additional fee
  • All incoming wires and two outgoing domestic wires at no charge per statement cycle

Chase Platinum Business Checking

The Chase Platinum Business Checking account is Chase Bank’s top-level bank account.

  • Monthly Service Fee: $95 or $0. Monthly Service Fee is waived when you maintain a combined average daily balance of $100,000 or more in qualifying business deposit and business investment balances
  • 500 transactions per month at no charge
  • Unlimited electronic deposits and incoming wire transfers
  • $25,000 in cash deposits per statement cycle without an additional fee
  • All incoming wires and your 4 most expensive outgoing wires per month at no charge

Visit a Chase Bank branch for more information on these accounts. This is only a top-level overview of the features and potential fees for each of these accounts. It’s a good idea to visit a Chase Bank branch for more information to determine which bank account is best for your business.

Chase Bank Business Checking Pros and Cons

Advantages:

  • $300 Sign Up Bonus (visit Chase website for more information).
  • Scalable – Chase Bank offers checking accounts that will take you from startup to commercial banking services, making it easy to grow with your business.
  • Over 4,700 branches and 16,000 ATMs provide easy access.
  • User-friendly mobile app and online banking
  • Full-service business banking solutions, including excellent business credit cards

Disadvantages:

  • You can only open this account in-person. You must visit a Chase Bank branch to open a Chase Bank Business Checking account. (You need to visit the website to obtain the coupon code before you open your account to get the bonus).
  • Some plans may be expensive if you don’t qualify for free checking.
  • Transaction limitations. Some plans place restrictions on the amount of cash you can deposit, or on the number of transactions allowed per month.
  • Chase Business Savings Account only offers average interest rates on savings.

Final Thoughts

Chase Bank offers business checking and savings accounts to meet any size business need, from the online startup, to enterprise commercial banking, and everything in-between.

There are some associated costs depending on which account you open and your business needs. But the thousands of branch locations and ATMs make this a convenient option for many businesses.

Chase Bank also offers a full suite of options to support your business, including business savings accounts, small business loans, merchant services, credit cards (including some of our favorite business credit cards, cash back credit cards, and travel credit cards), and much more.

Chase Bank also makes it easy to integrate with services to help manage your business finances.

And to top it off, the $300 sign up bonus for new business checking accounts makes Chase Bank an attractive option for many businesses.

Visit the Chase website to get a Coupon Code for the $300 Sign up bonus

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About Ryan Guina

Ryan Guina is the founder and editor of Cash Money Life. He is a writer, small business owner, and entrepreneur. He served over 6 years on active duty in the USAF and is a current member of the IL Air National Guard.

Ryan started Cash Money Life in 2007 after separating from active duty military service and has been writing about financial, small business, and military benefits topics since then. He also writes about military money topics and military and veterans benefits at The Military Wallet.

Ryan uses Personal Capital to track and manage his finances. Personal Capital is a free software program that allows him to track his net worth, balance his investment portfolio, track his income and expenses, and much more. You can open a free account here.

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