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.
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- 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 any partner or members will need to be present and sit down with a banker in person.
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
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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 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.
- Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
- Chase Performance Business Checking - For mid-sized businesses. Requires a $25 minimum opening deposit. 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. Requires a $25 minimum opening deposit. 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
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:
- Existing Accounts: 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
- Ink Credit Card Member Services: 1-800-346-5538
- Merchant 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
Bank of America Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by June 30, 2024
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Premier Business Checking - Up to 4.25% APY
- 4.25% APY on balances up to $3,000,000
- $0 minimum opening deposit
- 50% off most Standard payment fees
- Priority customer support
- Waive the $95 monthly service fee with $100k average daily balance and $5k debit card spend
- Minimum Deposit to Open: $0
Free Checking Account for Sole Proprietors and Single-Member LLC
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at 38,000+ locations
- Automatic Savings
- Get paid up to 2 days early
- 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 Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- Unlimited ATM fee rebates
- Minimum Deposit to Open: $50
Free Business Banking for the Self-Employed
- $0 monthly service fees or minimums
- Automatically find tax write-offs and track expenses
- Auto-save for taxes
- Photo receipt capture
- Free unlimited custom invoices
- Easy sign up; no credit check
- Minimum Deposit to Open: $0
Silver Business Checking Package - Up to $800 Bonus
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
- Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
- Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
- Minimum Deposit to Open: $100
Basic Business Checking - Up to $400 Bonus
- Business owners get up to $400 welcome bonus!*
- Open a business checking account by Dec. 31 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
- Zero opening deposit and cash deposits accepted
- Zero minimum monthly balance requirements
- Two domestic wire reimbursements monthly
- Unlimited domestic ATM fee reimbursements
- Enhanced Visa benefits and first 50 checks free
- Dedicated relationship manager and more
- Minimum Deposit to Open: $0
- Direct Deposit Required: No
NorthOne Business Banking
- Unlimited envelopes for all your business budgets
- Integrations with popular accounting and payment processing apps
- Free invoice maker
- $50 minimum opening deposit
- $10 monthly fee
- Minimum Deposit to Open: $50
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 7/16/2022
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 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.
- Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- 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 Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by June 30, 2024
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Citi Priority - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
- New to Relationship customers can choose their Relationship Tier.
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
- Restrictions apply.
TD Beyond Checking - $300 Cash Bonus
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
- ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
- Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
- Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
- Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
- Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send
- Money with Zelle®, Mobile Deposit and Online Statements.
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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