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Chase Total Business Checking account review

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Global access for you and your employees makes it good for business.

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

Monthly fee

0%

APY

$0

Minimum deposit to open

Details

Monthly fee$15 per month
To waive the feeMeet 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 offerIf you’re new to Chase, get $200 when you open this account and complete qualifying activities.
ATMs16,000 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 fee3%
Overdraft fee$34
Nonsufficient funds fee$34

Expert review

Peter Carleton

Review by


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.

Expert review

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 Banking Chase Banking

$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.

Last verified

What are the benefits of the Chase Total Business Checking account?

  • Bonus for new customers. If you’re new to Chase, get $300 when you open this account and complete qualifying activities.
  • No minimum deposit. There’s no minimum opening deposit requirement to open this account.
  • Waived fees. Get 100 free transactions a month, up to $5,000 in free cash deposits each statement cycle and unlimited free electronic deposits.
  • Access and Security Manager. Delegate cash management activities to employees without giving up control or security.
  • Send and receive money. Access wire transfers, Chase QuickDeposit, bill pay, mobile banking and more.
  • Easy access. Bank on the go with from an app or visit one of Chase’s 16,000 ATMs and 5,000 branches.
  • Military banking. Exclusive perks and waived fees for service members and veterans of the US military.
  • Hands-on support. Customer service is available 24/7 for help whenever you need it.

Chase ATM network and fees

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:

  • Domestic ATM fee. $0 for each withdrawal, transfer or inquiry, plus fees charged by the ATM owner.
  • Foreign ATM fee. $5 for each withdrawal, plus any fees charged by the ATM owner.

What should I look out for?

Branches aren’t available in all states, and you’ll want to set up your account to avoid fees, among other potential drawbacks:

  • Monthly service fee. You can reduce the standard $15 monthly fee to $12 with electronic statements or avoid it altogether each statement period by:
    • Maintaining a $1,500 minimum daily balance.
    • Linking a Chase Private Client Checking or Chase Sapphire Checking account.
  • Overdraft fees. You’ll pay $34 for each transaction that overdraws your account.
  • Limited online eligibility. Only sole proprietors can open this account online.
  • Long processing times. Chase doesn’t process transactions on weekends, which can lead to longer processing time for transactions and payments.
  • Limited branch availability. Chase doesn’t operate branches in Hawaii, Kentucky, Louisiana, Massachusetts, Maine, Missouri, New Hampshire, Oklahoma, Rhode Island, Vermont or West Virginia.

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.

Compare with other business checking accounts

Name Product APY ATMs Fee
Chase Total Business Checking
16,000 Chase ATMs and nearly 5,000 branches
$15/month
(can be waived)
If you’re new to Chase Total Business Checking®, get $200 when you open this account and complete qualifying activities. It boasts convenient features to help small and growing businesses reach their goals.
Huntington Business Checking 100
Huntington Business Checking 100
Free at more than 1,800 ATMs across the Midwest
$0
Earn a $200 bonus when you open a Huntington Business Checking 100 account if you live in Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania or West Virginia. Conditions apply.
Huntington Unlimited Business Checking
Free at more than 1,800 ATMs across the Midwest
$20/month
(can be waived)
Earn a $400 bonus when you open an Unlimited Business Checking account if you live in Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania or West Virginia. Conditions apply.
Huntington Unlimited Plus Business Checking
Free at more than 1,800 ATMs across the Midwest
$40/month
(can be waived)
Earn a $750 bonus when you open an Unlimited Plus Business Checking account if you live in Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania or West Virginia. Conditions apply.

Compare up to 4 providers

How do I apply?

Only sole proprietors can apply for this account online, or apply by phone or at a branch.

  1. Visit the Chase Business website, hover over Explore products and then click Business Checking.
  2. Scroll down to Total Business Checking and click Open Account .
  3. Sign in if you’re already a Chase customer, then choose between an individual or joint account.
  4. Choose your business type, and then click Next.
  5. Enter your personal information, verify all details and click Next.
  6. Choose your account options, fund your initial deposit and review the terms before submitting your application.

Otherwise, call 877-242-7372 or visit your local Chase branch to set up a new account with a customer service representative.

Eligibility

You must meet basic eligibility requirements to open this account:

  • Valid Social Security or tax identification number
  • Valid state-issued ID
  • Valid US address
  • Sole proprietor, if applying online

Required information

Prepare to submit personal and financial details with your application:

  • Name and date of birth
  • Business address and details
  • Social Security or tax ID number
  • Driver’s license or other state-issued ID
  • Minimum $0 deposit

How do I deposit or withdraw my money?

Options depend on how you’re accessing your money.

Deposits

  • ATM or branch
  • Direct deposit
  • Check by mail
  • Mobile check deposit through app
  • Online and wire transfer
  • Chase QuickDeposit

Withdrawals

  • ATM or branch
  • Online or wire transfer
  • Bill pay

What other business checking options does Chase offer?

Chase offers a suite of business checking accounts, if this one isn’t the right fit for you:

  • Chase Performance Business Checking. Designed for midsize businesses, this account allows for more fee-free transactions and large cash deposits.
  • Chase Platinum Business Checking. Ideal for larger businesses, this account allows even more transactions and large deposits, but with a higher monthly fee.

Frequently asked questions

Checking account ratings

★★★★★ — 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.

Read the full methodology of how we rate checking accounts.

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