How to Open a Chase Business Bank Account
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Opening a Chase business banking account is easy. Check out what you'll need and your business checking options in this guide.
- What Documents Do You Need to Open a Chase Business Account?
- Can You Open a Chase Business Account Online?
- Types of Accounts
- How Much Does It Cost to Open a Chase Business Account?
- Chase Business Account Fees
- Chase Business Customer Service Phone Number
- Chase Business Credit Card Promotions
- Compare Business Checking Promotions
With over 4,700 branches and more than 15,000 ATMs, Chase is one of the nation's largest banks.
Their strong nationwide presence and simple-to-use online/mobile banking is ideal for small business owners.
Take a look at how to open a business bank account with Chase.
How to Open a Chase Business Bank Account
To open a Chase business checking account, you will need:
- Two forms of ID, such as a driver's license and passport
- Tax ID number: Employer ID or Social Security number
- Business information, such as address and phone numbers
- Business name filing document or a business license
- Partnership agreement (for partnerships)
- Articles of organization (for LLCs)
- Articles of incorporation (for corporations)
When you fill out your application, you will decide what type of account you'd like to open and make an initial monetary deposit.
Read on to learn more about the application process.
Can You Open a Chase Business Account Online?
Sole proprietors can usually open and get approved for business accounts online. However, with an LLC, partnership, or corporation, you and certain partners or members will need to be present and sit down with a banker in person, depending on your business type.
If you'd like to set up an account, find a Chase branch near you.
Next, take a look at the individual details about each type of Chase business bank account.
Types of Accounts
Chase has a selection of checking and savings accounts. With each account, you get access to all of the bank's physical locations, ATMs, and Chase's online banking services and mobile app.
Checking Accounts
Compare Chase's business checking account:
- Chase Business Complete Banking - For smaller businesses. No minimum opening deposit required.
Chase Business Complete Banking® - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the $15 Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
- Get support you can rely on. Get access to our customer support team, plus a wide array of solutions that carter to every stage of your business
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Associate Debit and Employee Deposit Cards available upon request
- Chase Performance Business Checking - For mid-sized businesses. Comes with 250 free transactions per month, unlimited electronic deposits, and unlimited incoming wires plus two outgoing domestic wires. $30 monthly service fee that can be waived.[1]
- Chase Platinum Business Checking - For larger businesses. Comes with 500 free transactions per month, unlimited electronic deposits, and unlimited incoming wires plus four outgoing domestic wires. $95 monthly service fee that can be waived.[2]
Saving Accounts
Compare Chase's business saving account:[3]
- Chase Business Total Savings - For businesses with lower savings balances, developing a savings plan, or using savings as Overdraft Protection. You get 15 monthly deposited items at no charge and up to $5,000 in cash deposits per statement cycle without an additional fee.
- Chase Business Premier Savings - For businesses with higher savings balances that want to maximize earnings or save to scale up in the future. You get 30 monthly deposited items at no charge, up to $10,000 in cash deposits per statement cycle without an additional fee and automatic Savings Transfer available.
- Chase Business Certificates of Deposit - For businesses that want to earn a higher rate of return on surplus reserves. You get a fixed rate of return, CD relationship rates when linked to a Chase business checking account, and FDIC insurance protection.[4]
How Much Does It Cost to Open a Chase Business Account?
Depending on your account, Chase may charge $15 - $95 in monthly maintenance fees.[5] It's pretty straightforward to waive these charges if you maintain a certain minimum balance or make consistent monthly deposits.
Find out how to waive these costs below.
Chase Business Account Fees + How to Waive
Chase Business Complete Banking
$15 monthly service fee
Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance, purchases on your Chase Ink® credit card, or deposits from Chase QuickAccept℠ transactions
Chase Performance Business Checking
$30 monthly service fee
Waived when you maintain a minimum daily balance of $35,000 or more in qualifying business deposit accounts.
Chase Platinum Business Checking
$95 monthly service fee
Waived when you maintain a minimum daily balance of $100,000 or more in qualifying business deposit accounts.
Chase Business Total Savings
$10 monthly service fee
Waived when you maintain a minimum ledger balance of $1,000 or more or if you maintain a linked Chase Business Complete Banking account
Chase Business Premier Savings
$20 monthly service fee
Waived when you maintain a combined average daily balance of $25,000 or more in qualifying business deposit accounts, or maintain a linked qualifying Chase Business Checking account.
Chase Business Certificates of Deposit
No monthly service fee
Terms range from 1 month to 10 years; $1,000 minimum deposit to open
Chase Business Customer Service Phone Number
Here's how to contact Chase by phone:
- Chase Business Customer Service: 1-800-CHASE38 (1-800-242-7338)
- Online/Mobile Banking Technical Support: 1-877-CHASEPC (1-877-242-7372)
- Outside the United States: 1-713-262-3300
- Business Platinum Line: 1-877-425-8100
- Cash Management: 1-800-606-7615
- Ink Business Credit Card Services: 1-800-945-2028
- Payment Services: 1-888-886-8869
- Chase Customer Claims: 1-866-564-2262
- Debit Card Fraud Prevention: 1-800-978-8664
You can also visit one of Chase's more than 15,000 ATMs and more than 4,700 branches. Check their hours before heading over.
Chase Business Credit Card Promotions
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Compare Business Checking Promotions
Business Checking Account - $400 Bonus
- Earn $400 when you open a new small business checking account and complete qualifying activities.
- Choose between:
- Truist Simple Business Checking—Perfect if you're just starting out or have low transaction volume.
- Truist Dynamic Business Checking—With more perks as your balances grow—and a true, local partnership.
- New business checking clients only
- From October 1st, 2024 – March 31st 2025
- Minimum Deposit to Open: $100
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
- Minimum Deposit to Open: $0
Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new eligible business checking customers only.
- Offer expires 12/31/2024.
- To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
- Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or
Merrill investment accounts.
- ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Bank of America, N.A. Member FDIC
Silver Business Checking account - $400 Bonus
Promo code Q4AFL24 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials (Available in AZ, NV, CO, NM, OH, IN, KY and TN) Business Checking account. Limit of one Business Checking bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.
Earn your $400 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials (not available in all markets) account between 10/1/2024 and 1/15/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening.
New money is considered money that is new to U.S. Bank. Funds must come from outside U.S Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. Checking account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.
The business checking bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. This document can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC.
- Minimum Deposit to Open: $100
North One Free Business Banking
- Business banking for teams
- Automatic invoice ingestion and payments
- Sales and revenue analytics
- Unlimited account envelopes
- Close to 100 integrations
- Over $5000 in perks for new customers
- No monthly fees, no application fees, no minimum balance
North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.
- Minimum Deposit to Open: $50
Free Business Checking - Earn $300 Bonus
To earn the $300 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 12/31/2024 using the referral code CD300.
After opening the account, customers must add funds within 30 days, then meet at least one of the following eligibility requirements every 30 days for the next 90 days from account funding:
- Deposit at least $5,000 from eligible merchant services to your Bluevine account OR
- Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers OR
- Spend at least $2,000 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
Banking services provided by Coastal Community Bank, Member FDIC
- Minimum Deposit to Open: $0
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
- Minimum Deposit to Open: $0
Free Business Banking for the Self-Employed
- Banking, taxes, bookkeeping – all in one place
- Automatically find tax write-offs and save for taxes
- Track and categorize expenses with custom rules
- Free unlimited custom invoices
- Easy sign up; no credit check
- Minimum Deposit to Open: $0
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
- Minimum Deposit to Open: $50
Basic Business Checking - Up to $400 Bonus
- Business owners get up to $400 welcome bonus!*
- Open a business checking account by October 31 and get up to $400 when you use promo code NEW400 on your application.*
- No initial deposit requirement
- No minimum balance requirement
- No monthly maintenance fees
- Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
- Unlimited domestic ATM fee reimbursements
- Unlimited item processing (debits, credits, and deposited items)
- Cash deposits via MoneyPass and AllPoint networks
- Minimum Deposit to Open: $0
- Direct Deposit Required: No
Bottom Line
You can open a Chase business checking or savings account at one of Chase's physical locations. You may be able to open an account online if you're a sole proprietor.
Keep in mind that each account charges a monthly fee, but you can waive these costs by maintaining a certain balance or making consistent monthly deposits.
References
- ^ Chase. Chase Performance Business Checking, Retrieved 7/18/2022
- ^ Chase. Chase Platinum Business Checking, Retrieved 7/18/2022
- ^ Chase. Business savings accounts of Deposit, Retrieved 7/18/2022
- ^ Chase. Chase Business Certificates of Deposit, Retrieved 7/18/2022
- ^ Chase. Additional Banking Services and Fees for Business Accounts, Retrieved 4/09/2024
Chase Business Complete Banking® - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the $15 Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
- Get support you can rely on. Get access to our customer support team, plus a wide array of solutions that carter to every stage of your business
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Associate Debit and Employee Deposit Cards available upon request
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Bank of America Advantage Banking - $300 Bonus Offer
- The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 01/31/2025.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.
CIT Bank Platinum Savings - 4.70% APY
- 4.70% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Amber Kong is a content specialist at CreditDonkey, a credit card comparison and reviews website. Write to Amber Kong at amber.kong@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.
Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.
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