Chase Total Business Checking review 2019 + $300 bonus | finder.com

Chase Total Business Checking account review

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Chase Total Business Checking
  • Unlimited free electronic deposits
  • 100 transactions per month at no charge
  • $5,000 cash deposit per statement cycle without an additional fee
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Global access for you and your employees makes it good for business.

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.

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
Deposit methodsCash by teller
Cash by ATM
Check by teller
Check by ATM
Mobile/remote check deposit
Bank transfer
Wire transfer
Direct deposit
Chase Banking Chase Banking

$200 signup bonus when you open a new business account

Offer valid 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?

  • 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.
  • Waived fees. Get 100 free transactions a month, up to $5,000 in free cash deposits each statement cycle and unlimited free electronic deposits.
  • Bonus for new customers. If you’re new to Chase, get $300 when you open this account and complete qualifying activities.

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:

  • Opening deposit. You must deposit at least $0 to open this account.
  • 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.

Compare with other checking accounts

Name Product APY ATMs Fee
2.00% on balances of $10,000+ or deposit $1+ each calendar month into any Aspiration banking or investment account
Free to use anywhere worldwide
$0
A high-interest account that operates like a checking account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC.
Access to 16,000 ATMs and nearly 5,000 branches nationwide
$12/month
(can be waived)
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 5,000 branches.
16,000 Chase ATMs and nearly 5,000 branches
$15/month
(can be waived)
If you’re new to Chase, get $200 when you open this account and complete qualifying activities. It boasts convenient features to help small and growing businesses reach their goals.
You’ll get fee-free access to over 56,000 ATMs around the world
$0
A full-service account with convenient, surcharge-free access to two massive ATM networks.
1,000 fee-free ATMs across the country
$0
Pay a $0 monthly service charge and get free access to BBVA Compass ATMs.
0.01% on balances of $5+
Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
$25/month
(can be waived)
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance Checking account with qualifying activities by June 2, 2019

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.

Bottom line

Designed to meet the needs of small businesses, the Total Business Checking account is Chase’s most affordable checking option. Offering 100 free transactions and up to $5,000 free cash deposits each cycle, it can help you put more energy into running your business. Just watch out for fees.

To see what other banks offer, compare your checking options to find a fit for your business needs.

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