Chase offers a multitude of services, and while they are well known for their credit cards, they also offer banking services! If you’re a business looking for a checking account to take care of all your day to day spending activities, you may want to check out what services Chase can offer.
If you already have a checking account somewhere else, Chase makes it it to easy to switch with as little hassle as possible. In this article, you can learn more about Chase Business Checking Accounts Overview and understand their opening requirements, benefits, digital banking & more.
 • Earn up to $500 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 Business Checking Accounts Overview
Chase has three different types of banking accounts. The account that is appropriate for you will depend on the size of your business and on the various options each individual account offers. The three options are:
Chase Business Checking
- Chase Business Checking is geared towards smaller and newer businesses.
- $1,500 minimum daily balance.
- Maintain a linked Chase Private Client checking account.
- Maintain a linked Chase Premier Platinum Checking personal account.
- 100 free transactions each month.
- Unlimited electronic deposits.
- No fee for up to $5,000 in cash deposits each month.
- TIP: Chase Private Clients can receive waived fees or reduced balance requirements on Chase business checking accounts. To get Chase Private Client status, you need to have an average daily balance of at least $250,000 in your Chase accounts.
Chase Performance Business Checking
- This is the most popular of the 3 business checking accounts that Chase offers, geared more towards mid- sized businesses.
- There is a monthly service fee of $30 that is waived when you maintain an average daily balance of $35,000 in qualifying business deposit accounts.
- 250 free transactions each month.
- Unlimited electronic deposits.
- Unlimited incoming wires plus 2 outgoing domestic wires with no fee per statement cycle.
- No fee for up to $20,000 in cash deposits each month.
- No charge for Positive Pay and Reverse Positive Pay.
Chase Platinum Business Checking
- The Platinum account is designed with larger businesses in mind.
- There is a monthly service fee of $95 that is waived when you maintain an average daily balance of $100,000 in in qualifying business deposit and business investment accounts.
- 500 free transactions each month.
- Unlimited electronic deposits.
- Unlimited incoming wires plus 4 outgoing domestic wires with no fee per statement cycle.
- No fee for up to $25,000 in cash deposits each month.
- No charge for Positive Pay and Reverse Positive Pay
- Reduced balance requirement for Chase Private Clients
- Monthly service fee waived on a linked Chase Business Premier SavingsSMaccount
Chase Business Checking Accounts Benefits
- Chase Mobile® Banking: This allows you to access your Chase accounts anytime, anywhere — through the Chase app, the mobile website or even through text
- Chase OnlineSM Banking: You can manage your personal and business accounts, as well as your Chase credit cards, online with only one user ID
- Debit Cards
- 24/7 Customer Service
Chase Digital Banking
Save time with digital tools that help you bank from virtually anywhere.
| Chase Bank Digital Tools | |
| Paperless Statements: Access up to 7 years of statements online or on your mobile device. | Online Bill Pay: Make payments securely at chase.com or with your mobile device. |
| Access & Security Manager: Delegate how you manage cash online without giving up control and security. | Account Alerts: Securely manage your money on the go. |
| Chase QuickPay® with ZelleSM: Easily send money to another person without cash or checks. | Wire Transfers: Transfer money across the country and globe. |
| Chase QuickDepositSM: Use a scanner (contract required, fees may apply) or mobile device to deposit checks directly into your checking account. |
Chase Business Opening Requirements
Before you can open a Chase Business Account, you have to provide documents providing proof of your business. Additionally, pay attention to which type of documents you need to provide for your specific type of business.
Sole Proprietorship
The first type of business is a s sole proprietorship. All owners, trustees, or agents plus anyone being added as an authorized signer needs to be present when opening the account. Read on to see what documents you will need:
- Two forms of ID including at least one issued by the government such as a State issued driver’s license or Passport.
- Tax Identification Number or social security number, ITIN (non US Citizens), or Employer Identification Number (EIN).
- Business documentation which may include Assumed Name Certificate or Trust Documentation. These requirements vary by state.
- Certain information about your business will be requested at account opening and will include business address and phone number; number of locations; where your products or services are sold; location of suppliers and vendors; annual sales; number of employees and the anticipated amount of transactions and volumes processed through your new account.
Partnership
Here is what you need if you have as partnership. All general partners in the partnership plus anyone that will be an authorized signer on the account needs to be present when opening the account. Read on to see what documents you will need:
- Two forms of ID including at least one issued by the government such as a State issued driver’s license or Passport.
- Tax Identification Number — an Employer Identification Number (EIN) is required.
- Written partnership agreement or joint venture agreement, assumed name certificate plus website validation.
- Basic business information including business address and phone number, number of locations, where your products or services are sold, location of suppliers and vendors, annual sales, number of employees, and anticipated amount of transactions and volumes processed through your new account.
- Supplemental documentation including an amendment to the Partnership Agreement or Joint Venture Agreement, letter on company letterhead listing the current general partners, or annual report may be requested.
Unincorporated Business Association Or Organization
If you have an unincorporated business association or organization, these are the forms that you will need. An authorized representative (either the Secretary or Assistant Secretary) plus anyone that will be an authorized signer on the account needs to be present when opening the account. Read on to see what documents you will need:
- Two forms of ID including at least one issued by the government such as a State issued driver’s license or Passport.
- Tax Identification Number — an Employer Identification Number (EIN) is required.
- If the organization or association is using their own EIN, articles of association, charter document validating existence, and IRS Confirmation of EIN Issuance is required.
- If the organization or association is using EIN of national or regional organization, a letter of authorization from national or regional office is required.
- Assumed Name Certificate (varies by state)
- Basic business information including business address and phone number, number of locations, where your products or services are sold, location of suppliers and vendors, annual sales, number of employees, and anticipated amount of transactions and volumes processed through your new account.
- Supplemental documentation may be required including a letter on organization or association letterhead or meeting minutes listing the current officers.
Limited Liability Company (LLC)
For all those with a Limited Liability Company, see below the documents that you will need to open your account. All members or managers of the LLC plus anyone that will be an authorized signer on the account needs to be present when opening the account. Here are the basics of what you will need to provide to open a Chase business checking account if you have an LLC:
- Two forms of ID including at least one issued by the government such as a State issued driver’s license or Passport.
- Tax Identification Number — an Employer Identification Number (EIN) is required. Single member LLCs can use their SSN or ITIN and non U.S. Citizens can use an ITIN.
- Certified Articles of Organization (Certificate of Formation) that has been filed with a state agency.
- Website validation
- Assumed Name Certificate (varies by state)
- Basic business information including business address and phone number, number of locations, where your products or services are sold, location of suppliers and vendors, annual sales, number of employees, and anticipated amount of transactions and volumes processed through your new account.
- Documentation listing the current members or managers of the LLC may be required.
Corporation
If you have a corporation, these are the forms that you will need. An authorizing representative (President, Secretary, Assistant Secretary, or Acting Secretary) plus anyone that will be an authorized signer on the account needs to be present when opening the account. Read on to see what documents you will need:
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- Two forms of ID including at least one issued by the government such as a State issued driver’s license or Passport.
- Tax Identification Number — an Employer Identification Number (EIN) is required.
- Business documentation filed with State Agency: Certified Articles of Incorporation, Website Validation, Active Status Verification.
- Assumed Name Certificate (varies by state)
- Documentation listing the current officers of the Corporation (such as a letter on company letterhead, meeting minutes, or annual report) may be required.
- Basic business information including business address and phone number, number of locations, where your products or services are sold, location of suppliers and vendors, annual sales, number of employees, and anticipated amount of transactions and volumes processed through your new account.
- Additional information from owners/shareholders and individuals holding key roles may be required.
Coupons For Opening A Chase Business Account
Before you open your account, check out our Chase Coupon Promo Codes master list to see if you can participate in a bit of savings before opening your account. Chase is usually always offering some type of coupon promotion, so definitely take advantage of that before the offer expires. Sometimes, Chase will even offer a cash bonus for opening a business checking account.
Conclusion
Now that you know all the features that Chase has to offer, consider banking with Chase to open your new checking account. With amazing features like online banking, 24/7 customer service, and access to a plethora of ATM’s, you can’t go wrong.
Especially considering that there are several different types of business checking accounts to choose from, you can make sure that the account you choose is the right fit for you. If you’re looking for more products from Chase, check out our Chase Credit Card Promotions post for information on credit cards you can choose from!
 The Chase Freedom Unlimited® Card offers a $250 bonus after spending $500 on purchases in your first 3 months from account opening. Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR. In addition, you can earn: • 6.5% cash back on travel purchased through Chase TravelSM, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more • 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service • 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase TravelSM, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases. There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open. This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM. Member FDIC |
