Chase unveils Business Complete Banking, a new business checking account with built-in card acceptance

By Pavithra R

Chase for Business, a leading small business bank and part of JPMorgan Chase & Co. has announced the launch of Business Complete Banking, a new business checking account that includes QuickAccept, a built-in feature that enables a business owner to take card payments quickly and have the funds available the same day.

The new platform charges no hidden fees or monthly contracts and processing fees with 2.6% + 10 cents for tap, dip, swipe transactions with a QuickAccept contactless mobile card reader(Opens Overlay) or 3.5% + 10 cents for manual transactions through the Chase Mobile app.

Chase Business Complete Banking has a $15 Monthly Service Fee unless user fulfill at least one of the following qualifying activities:

• $2,000 minimum daily balance
• $2,000 in purchases on your Chase Ink Business Card(s)
• $2,000 in deposits from QuickAccept and/or other eligible Chase Merchant Services transactions
• Link a Chase Private Client Checking account.

The new business checking account provides relationship benefits with multiple ways to waive fees, including purchases made with Chase Ink business credit cards and payment processing volumes.

“Checking accounts are the transaction hub of a business, so we brought the essential elements of paying in and paying out together in one place. Too often, business owners have to cobble together what they need to start and grow, and that’s why we created Chase Business Complete Banking as an integrated system where everything is built-in and easily available on-demand,” said Jen Roberts, CEO of Chase Business Banking. 

QuickAccept’s simple pricing uses a flat, pay-as-you-go rate. A business customer can activate it right away for use every day in their Chase Mobile app or contactless mobile card reader, giving them the flexibility to make sales anywhere in the United States.

“Especially in the challenging times we’ve seen in 2020, helping small business clients make every sale has been our priority. We applaud small business owners’ creativity and support their ability to generate revenue in person, online and over the phone,” said Max Neukirchen, CEO of Merchant Services for JPMorgan Chase, the largest payment processor in North America.

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co., a leading global financial services firm with $2.6 T in assets and operations worldwide. It serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing.