$200 signup bonus when you open a new business account
Offer valid through January 23, 2020, for Chase Total Business Checking if you’re new to Chase and complete qualifying activities.
finder.com’s rating: 2.8 / 5.0
Designed with small businesses in mind, the Chase Total Business Checking account offers global access and convenient features to keep small-biz owners focused on growth.
$15 per month
Minimum deposit to open
|Monthly fee||$15 per month|
|To waive the fee||Meet ONE of the following: |
• Have a $1,500 minimum daily balance
• Or maintain a linked Chase Private Client Checking or Chase Sapphire Checking personal account
Monthly service fee reduced to $12 when you’re enrolled in paperless statements
|Minimum deposit to open||$0|
|Intro or bonus offer||If you’re new to Chase, get $200 when you open this account and complete qualifying activities.|
|ATMs||16,000 Chase ATMs and nearly 5,000 branches|
|ATM transaction fee||$0|
|Out-of-network ATM fee||$0 at domestic non-Chase ATMs and $5 at foreign non-Chase ATMs|
|Foreign transaction fee||3%|
|Nonsufficient funds fee||$34|
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
Designed to meet the needs of small businesses, the Total Business Checking account is Chase’s most affordable checking option. It offers 100 free transactions and up to $5,000 in free cash deposits each billing cycle to help you keep your business active. Just watch out for fees and potentially long processing times.
Chase makes it easy to access your money when you need it through an extensive network of more than 16,000 ATMs and 5,000 branches.
Transactions at Chase ATMs and branches are free. But you face fees for using ATMs outside the network:
Branches aren’t available in all states, and you’ll want to set up your account to avoid fees, among other potential drawbacks:
If you’re unsure Total Business Checking is right for your small business, you can compare other small business checking options to find a better fit.
Only sole proprietors can apply for this account online, or apply by phone or at a branch.
Otherwise, call 877-242-7372 or visit your local Chase branch to set up a new account with a customer service representative.
You must meet basic eligibility requirements to open this account:
Prepare to submit personal and financial details with your application:
Options depend on how you’re accessing your money.
Chase offers a suite of business checking accounts, if this one isn’t the right fit for you:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.
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