How to Open a Chase Business Bank Account

Opening a Chase business banking account is easy. Check out what you'll need and your business checking options in this guide.

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

  Click Here to Get Coupon

  Expires 7/22/2024

  • 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.
  • Helping you save money. Multiple ways to waive $15 service fee 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. 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

At Chase's Secure Site Ink Business Cash® Credit Card 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 Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases 10% Business Relationship Bonus If you have the Ink Business Cash card plus a Chase Business Checking account on your first card anniversary With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information. No Annual Fee Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®. 0% introductory APR for 12 months on purchases Member FDIC Intro APR for Purchases Intro APR for Balance Transfer Regular APR Annual Fee 0% for 12 months N/A 18.49% - 24.49% Variable $0

At Chase's Secure Site Ink Business Unlimited® Credit Card Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening Earn unlimited 1.5% cash back on every purchase made for your business No Annual Fee Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®. Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control. Round-the-clock monitoring for unusual credit card purchases With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information. 0% introductory APR for 12 months on purchases Member FDIC Intro APR for Purchases Intro APR for Balance Transfer Regular APR Annual Fee 0% for 12 months N/A 18.49% - 24.49% Variable $0

At Chase's Secure Site Ink Business Preferred® Credit Card Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Travel℠ Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases Round-the-clock monitoring for unusual credit card purchases With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information. Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open Points are worth 25% more when you redeem for travel through Chase Travel℠ Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account. Member FDIC Intro APR for Purchases Intro APR for Balance Transfer Regular APR Annual Fee N/A N/A 21.24% - 26.24% Variable $95

Compare Business Checking Promotions

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

Banking services provided by Choice Financial Group, Member FDIC

Get Started

• Minimum Deposit to Open: $0

Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

Learn More

Expires 6/30/2024

Earn a cash bonus in three steps:

1. Open a new eligible business checking account by June 30, 2024
2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**

*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC

Free Business Checking - Up to 2.0% APY

Get Deal

• 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
• $0 minimum opening deposit
• $0 monthly service fee

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

Banking services provided by Thread Bank and Evolve Bank & Trust; Members FDIC.

Get Deal

• Minimum Deposit to Open: $0

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

Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC.

Get Deal

• 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

Banking services provided by Middlesex Federal Savings F.A., Member FDIC

Learn More

• Minimum Deposit to Open: $50

Member FDIC

Silver Business Checking Package - Up to $800 Bonus NEW

Earn up to $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q2AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through August 31, 2024. Member FDIC. Complete these steps to earn the offer:

Earn your $400.

• 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.

Get Deal

Expires 8/31/2024

• Minimum Deposit to Open: $100

Member FDIC

Basic Business Checking - Up to $400 Bonus

Get Deal

Expires 6/30/2024

• Business owners get up to $400 welcome bonus!*
• Open a business checking account by June 30 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 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

NorthOne is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, Member FDIC.

Learn More

• 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