When I established my business as an LLC in Portland, Oregon, I explored various financial institutions, including local and regional banks, credit unions, online banks, and national banks, to find the most suitable checking account. To my surprise, Chase, one of the largest banks in the country, emerged as the best option.

Chase Meets Almost Every Banking Need

Many small banks offer a limited range of business accounts, but Chase caters to businesses of all sizes, from sole proprietorships to Fortune 500 companies. My business is relatively small, comprising myself and a few contractors. Upon comparing various small business checking accounts, I found Chase’s offerings to be nearly ideal for my requirements.

I operate my business with a Chase Business Complete Checking account, which incurs no recurring fees as long as I maintain a minimum balance of $2,000—something I easily manage. This account provides unlimited electronic deposits, up to 100 transactions per month at no additional cost, up to $5,000 in monthly cash deposits without fees, and a variety of useful online banking features. For a comprehensive review, read our full analysis of Chase Business Complete Banking.

Surprisingly Excellent Customer Service

Typically, large corporations bring to mind poor customer service, as I’ve experienced with airlines, cable providers, and other banks. However, Chase has consistently provided exceptional customer service in all my personal and business interactions with them.

Although Chase may not always agree with the customer, I’ve found their service to be professional, courteous, and fair. In addition to my business accounts, I hold numerous Chase personal and business credit cards. Whenever I’ve needed assistance with any of my accounts, Chase has almost always resolved my issues efficiently and effectively.

Chase Business Checking Account Promotion: Earn $300

For a limited period, Chase is providing new clients with the chance to obtain a $300 reward upon opening a Chase Business Complete Checking account.

Earning the Chase business account bonus involves meeting certain criteria and completing specified transactions post-account opening.

To be eligible for the Chase business checking bonus, you must:

• Be a new Chase business checking customer

• Open and deposit a minimum of $2,000 into a new account within the first 30 days

• Keep a minimum balance of $2,000 for 60 business days

Additionally, within the first 90 business days, you need to carry out at least five qualifying transactions, which can include:

• Debit card purchases

• Chase QuickDeposits (mobile check deposits via the Chase Mobile app)

• Chase QuickAccept deposits (credit card payments through the Chase Mobile app)

• ACH credits (note: a $25 monthly service fee for up to 25 payments may apply)

• Wire transfers (both credits and debits)

Bonus Terms and Conditions

Bank bonuses are categorized as interest, so Chase will issue a 1099-INT for any bonuses earned by the end of the year.

The account must remain open for at least six months. If closed earlier, the bonus will be retracted at the time of closure. Chase also limits customers to one new account bonus every two years, counted from the enrollment date rather than the bonus receipt date.

Exceptional Mobile and Online Banking Services

Smaller banks often struggle with their digital platforms, sometimes outsourcing to third parties but still falling short. In contrast, Chase consistently offers an impressive digital experience.

Personally, I use the Chase app frequently to check balances and deposit checks. It also offers free near-instant payments via Zelle, which I use to pay my main virtual assistant. The advantages of Chase’s size are evident in the quality of their mobile app and website.

Consider Fees and Interest Rates

Before heading to a Chase branch for a socially-distanced account setup, review the fees and interest rates. These can be significant drawbacks of Chase accounts.

For instance, my Chase savings account offers just 0.01% APY, which is nearly negligible. Additionally, there’s a $15 monthly fee unless you meet minimum balance requirements. If you can avoid fees and don’t need to maintain a large balance, Chase can be a good fit. However, for those with numerous transactions or concerns about fees, other banks with lower fees might be a better option.