Who Should (and Shouldn’t) Open a Chase Business Complete Checking Account?

Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain.

A business checking account is crucial for both new and seasoned business owners. If you've been using your personal account, or if you're unsatisfied with your current business account and looking to make a switch, it's important to shop around and compare multiple options before making a decision.

One of the many accounts to consider is the Chase Business Complete Checking^® account. The account offers a lot of value to business owners with certain needs, but it's not necessarily the best fit for everyone. Here's how the features of the account break down and who should—and shouldn't—consider applying.

Chase Business Complete Checking®

Open Account

at Chase

• Our Rating 5/5 How our ratings work Read the review
• APYN/A
• Minimum
  Deposit RequiredN/A
• Intro Bonus $300Expires July 22, 2024 More Info

  Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.

The Chase Business Complete Checking® account is an attractive option. It offers the convenience of one of the largest financial institutions in the country, and it frequently offers bonuses that are relatively easy to earn. While it does not allow you to accrue interest on your funds like some other popular small business checking accounts, it's still very much worth considering if you can meet the requirements to waive its monthly fees.

• Overview
• Pros & Cons

Overview

The Chase Business Complete Checking® account comes loaded with a valuable sign-up bonus and an assortment of helpful perks, so long as you can meet the requirements to waive its monthly fees. It’s a good fit for many business checking customers, regardless of business size.

Read the review

Pros

• Generous signup bonus
• Several options to waive monthly fee
• Same-day deposits using QuickAccept℠ service
• Huge network of in-person branches and ATMs

Cons

• Monthly maintenance fee
• Overdraft fees are relatively high
• Limit on fee-free cash deposits and physical transactions

Who Should Open a Chase Business Complete Checking Account?

This standard business checking account can be a valuable asset to certain business owners, particularly if your situation or needs mesh well with the features and fee waiver options. Here are some business owners who could benefit:

• You want a sign-up bonus: It's not easy earning the account's bonus, but if your business is relatively new and you could use some extra cash, this account can help. Just make sure you read the fine print, so you understand the terms.
• Your business accepts credit card payments: Credit card payment solutions can be expensive, and while Chase QuickAccept isn't free — you'll pay 2.6% plus $0.10 for mobile card reader transactions and 3.5% plus $0.10 for manual transactions through your mobile app or online banking —  you don't have to pay extra fees to get same-day deposits or deal with a contract.
• You have a lot of transactions: Some business checking accounts limit how many free transactions you get, after which you have to pay per "item." With this one, you can do as many debit card and Chase ATM transactions as you want.
• You can easily get the monthly fee waived: No one wants to pay a monthly fee for their checking account, and, fortunately, Chase offers several opportunities to get this one waived. If you think you can easily drop the fee down to $0 every month based on the qualifying criteria, you won't have to worry about the benefits outweighing the costs.

Compare Chase Ink Business Credit Cards

Credit Card	Intro Bonus	Annual Fee	Rewards Rate	Learn More
Ink Business Unlimited® Credit Card Apply Now	$750Cash Bonus More Info Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening	$0	1.5%Cashback More Info Earn unlimited 1.5% cash back on every purchase made for your business. The advertised rewards type is cash back, but it’s important to note that you’re technically earning Chase Ultimate Rewards points (which can then be converted to cash back).	Apply Now
Ink Business Cash® Credit Card Apply Now	$750Cash Bonus More Info Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening	$0	1% - 5%Cashback More Info Earn 5% cash back on your first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. It also offers you 2% cash back on your first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.	Apply Now
Ink Business Preferred® Credit Card Apply Now	100,000Chase Ultimate Rewards Points More Info Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. Dollar Equivalent: $2,300 (100,000 Chase Ultimate Rewards Points * 0.023 base)	$95 More info This fee includes extra cards for authorized users, such as employees, at no additional charge.	1x - 3xPoints More Info Earn 3x points on the first $150,000 of combined spending in a number of key business categories	Apply Now
Ink Business Premier® Credit Card Apply Now	$1,000Cash Bonus More Info Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.	$195	Up to 2.5%Cashback More Info Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.	Apply Now

Who Shouldn't Open a Chase Business Complete Checking Account?

While the account can be a great fit for some business owners, that's not the case for everyone. Here are some situations where it might not make sense to open the account:

• You have a lot of cash transactions: If your business works mostly with cash and expects to exceed the $5,000 fee-free limit, or you anticipate that you will relatively soon, you may want to do some more research to find an account that will accommodate your needs without additional fees.
• You can't meet the bonus requirements: If keeping $2,000 locked up in the account for 60 days would be a detriment to your business, it's likely not worth the bonus.
• You won't be able to get the monthly fee waived: If your business isn't set up in a way to make it easy to get the service fee waived every single month, you may want to consider a business checking account that doesn't charge a fee at all.

The Bottom Line

The Chase Business Complete Checking account can provide some solid value to business owners who have a lot of debit and ATM transactions, accept credit card payments and can make use of its upfront bonus.

On the other hand, if your business handles a lot of cash every month or you're still a relatively new business and don't have the volume required to earn the bonus or get the monthly fee waived, you may want to check out some of the other top small business checking accounts out there.