What Are the Fees for Chase Business Checking Accounts?

Q: What is the monthly fee for Chase Platinum Business Checking?

The monthly fee for Chase Platinum Business Checking is $103 as of the January 4, 2026 fee schedule update. The fee was previously $95 — if you see that number on Chase's product page or other websites, it reflects pre-2026 pricing that hasn't been updated yet. Banks update their fee schedules (legally binding) before marketing pages (promotional). The $103 fee is waived if you maintain a $100,000 combined average beginning day balance.

Q: What is Chase's overdraft fee for business accounts?

Chase charges $34 per overdraft item for business checking accounts, with a maximum of three overdraft fees per day, totaling up to $102 in daily overdraft charges. Chase Overdraft Assist provides some protection: if your account is overdrawn by $50 or less at the end of the business day, Chase will not charge an overdraft fee. If you bring your account balance to $50 or less overdrawn by the end of the next business day, Chase will also waive the overdraft fee.

Chase offers three business checking account tiers: Business Complete Banking at $15 per month, Performance Business Checking at $40 per month, and Platinum Business Checking at $103 per month. All three monthly fees can be waived by meeting minimum balance requirements.

JPMorgan Chase is the largest bank in the United States by assets, holding approximately $3.4 trillion in total assets and operating more than 4,700 branches nationwide. As a federally chartered bank, Chase is regulated by the Office of the Comptroller of the Currency and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits. You can learn more about Chase's corporate structure and financial position at the JPMorgan Chase corporate website.

“Chase's three-tier structure gives businesses a clear upgrade path as they grow. The key is understanding which tier aligns with your actual transaction volume and wire transfer needs — paying for Platinum when you rarely send wires is an expensive mistake, but staying on Business Complete when you need wire capabilities can cost you even more in per-transaction fees.”
— Michael Torres, Senior Banking Analyst, BusinessCheckingFees.com

Last updated: April 4, 2026. Fees verified against Chase Business Fee Schedule effective 01/04/2026.

How Much Does Each Chase Business Checking Account Cost?

The table below compares all key fees and features across Chase's three business checking tiers. All figures reflect current pricing as of April 2026.

Feature	Business Complete Banking	Performance Business Checking	Platinum Business Checking
Monthly service fee	$15/month	$40/month	$103/month
Balance to waive fee	$2,000 minimum daily balance	$35,000 minimum daily balance	$100,000 minimum daily balance
Free transactions per month	100	250	500
Excess transaction fee	$0.40 per transaction	$0.40 per transaction	$0.40 per transaction
Free cash deposits per month	$5,000	$10,000	$25,000
Cash deposit overage fee	$2.50 per $1,000	$2.50 per $1,000	$2.50 per $1,000
Free incoming wires	No (fees apply)	No (fees apply)	Unlimited free
Free outgoing wires per month	0 (fees apply)	0 (fees apply)	4 free per month
Overdraft fee	$34 per item	$34 per item	$34 per item
Best for	New businesses, low-volume operations, sole proprietors	Growing businesses with moderate transaction volume	Established businesses with frequent wire activity and high transaction volume

Source: Chase Business Banking — Checking Accounts. Fees subject to change. Always verify current fees directly with Chase before opening an account.

What Changed in Chase Business Checking Fees in 2026?

Chase made significant fee increases to two of its three business checking tiers effective January 2026. Understanding these changes is especially important because many third-party comparison sites have not yet updated their figures.

Performance Business Checking: $30 → $40/month (33% increase)
Effective January 1, 2026, the Performance Business Checking monthly fee increased from $30 to $40 per month — a 33% increase. Businesses that previously qualified for a waiver at the $35,000 balance threshold were not affected on the waiver requirement itself, but those paying the fee without a waiver saw a $10/month increase.
Platinum Business Checking: $95 → $103/month (8.4% increase)
Effective January 4, 2026, the Platinum Business Checking monthly fee increased from $95 to $103 per month — an 8.4% increase. Note: many third-party websites and even Chase's own product marketing page on chase.com may still show $95, as banks typically update their fee schedule documents before refreshing marketing pages.
Business Complete Banking: $15/month (unchanged)
The Business Complete Banking monthly fee remains $15 per month, unchanged from 2025.
Night Drop / Post Verification: $2.50 → $3.00 per $1,000
The Night Drop and Post Verification fee increased from $2.50 to $3.00 per $1,000, representing a 20% increase for businesses that regularly use these deposit services.

“The 2026 Chase business checking fee increases affected both the Performance and Platinum tiers. Business owners relying on older fee information — including many financial comparison sites and even Chase's own product page that still shows the previous $95 Platinum fee — should verify directly against the updated Chase fee schedule. When there's a discrepancy between a bank's fee schedule and its marketing pages, the fee schedule is always the controlling document.”
— Michael Torres, CPA, CFA, Senior Banking Analyst, BusinessCheckingFees.com

Which Chase Business Checking Account Is Right for Your Business?

Choosing the right Chase business checking tier depends primarily on your monthly transaction volume, cash deposit needs, and wire transfer frequency. Here is a breakdown of which tier fits which type of business. You can also use our bank comparison tool to see how Chase stacks up against competitors.

Choose Business Complete Banking ($15/month) if:

You process fewer than 100 transactions per month (checks, teller deposits, withdrawals)
You deposit less than $5,000 in cash each month
You rarely or never send wire transfers
You can maintain a $2,000 minimum daily balance to waive the monthly fee
You are a new business, sole proprietor, or small retail operation with straightforward banking needs

Choose Performance Business Checking ($40/month) if:

You process between 100 and 250 transactions per month
You deposit between $5,000 and $10,000 in cash each month
You need access to ACH payment tools and enhanced business banking services
You can maintain a $35,000 minimum daily balance to waive the monthly fee
You are a growing small business or mid-sized operation that has outgrown the entry-level tier but does not yet need frequent wire transfers

Choose Platinum Business Checking ($103/month) if:

You process between 250 and 500 or more transactions per month
You deposit between $10,000 and $25,000 or more in cash each month
You frequently send wire transfers — Platinum includes 4 free outgoing wires per month and unlimited free incoming wires
You value access to a dedicated business banking concierge team
You can maintain a $100,000 minimum daily balance to waive the monthly fee

“For my clients who send four or more domestic wires per month, I almost always recommend Platinum Business Checking over Performance. Domestic outgoing wires typically cost $25 to $35 each at banks of this size. Four wires per month at $25 each is $100 in wire fees alone — that's nearly the entire Platinum monthly fee, and you're getting unlimited incoming wires and 500 free transactions on top of it.”
— Sarah Chen, CPA, Small Business Tax and Banking Consultant

What Are the Limitations of Chase Business Checking?

While Chase's business checking accounts offer strong brand recognition, broad branch access, and a clear tier structure, there are meaningful limitations that business owners should weigh before opening an account. Comparing Chase to alternatives like Bank of America business checking or Wells Fargo business checking can help clarify whether Chase is the right fit for your business.

High overdraft fees. Chase charges $34 per overdraft item across all three business checking tiers, with a maximum of three fees per day. At $102 in maximum daily overdraft charges, this is one of the higher overdraft fee structures among major national banks. Businesses with irregular cash flow should budget carefully or establish a linked line of credit for overdraft protection.
No interest earned on balances. None of the three Chase business checking tiers earn interest on account balances. Businesses maintaining large balances — particularly those meeting the $100,000 Platinum waiver threshold — may want to consider whether a business money market account or a competitor offering interest-bearing business checking would be more financially advantageous.
Cash deposit fees after monthly limits. All three tiers charge $2.50 per $1,000 in cash deposits exceeding the monthly free limit. For cash-heavy businesses such as restaurants, retail shops, or service businesses with high cash volume, these fees can add up quickly — particularly at the Business Complete Banking level, where the free limit is just $5,000.
Limited branch hours in some markets. While Chase operates more than 4,700 branches nationwide, branch hours vary by location and many locations are closed on Sundays or have limited weekend availability. Businesses that need consistent access to in-person banking services on weekends should verify hours at their local Chase branch.
No integrated payment processing. Unlike some fintech business banking platforms, Chase does not offer integrated point-of-sale or invoicing tools built directly into the business checking product. Chase Ink Business Cards and Chase Payment Solutions are separate products that require additional setup and may involve separate fees.

Frequently Asked Questions About Chase Business Checking

What is the monthly fee for Chase Platinum Business Checking?

The monthly service fee for Chase Platinum Business Checking is $103 as of the January 4, 2026 fee schedule update. The fee was previously $95 — if you see that number on Chase's product page or other websites, it reflects pre-2026 pricing that hasn't been updated yet. Banks update their fee schedules (legally binding) before marketing pages (promotional). The $103 fee is waived if you maintain a $100,000 combined average beginning day balance. See our full Platinum Business Checking review for a complete fee breakdown.

What is the cheapest Chase business checking account?

Chase Business Complete Banking is the cheapest Chase business checking account at $15 per month. This fee can be waived by maintaining a $2,000 minimum daily balance, making qualifying purchases with your Chase Ink Business Card, or meeting other qualifying criteria. It includes 100 free transactions per month and $5,000 in free cash deposits — making it a solid entry-level option for new and small businesses.

Does Chase charge for incoming wire transfers?

Whether Chase charges for incoming wire transfers depends on which business checking account you have. Chase Platinum Business Checking includes unlimited free incoming wire transfers. Chase Business Complete Banking and Performance Business Checking both charge $15 to $25 for incoming wire transfers depending on whether the wire is domestic or international. Businesses that regularly receive wire payments should factor this cost into their account selection.

How many free transactions does Chase business checking include?

The number of free transactions included with Chase business checking depends on your account tier: Business Complete Banking includes 100 free transactions per month, Performance Business Checking includes 250, and Platinum Business Checking includes 500. Electronic transactions such as ACH payments, online transfers, and debit card purchases generally do not count toward these limits across all three tiers. Transactions that exceed the monthly limit are charged at $0.40 per transaction regardless of tier.

Can I upgrade my Chase business checking account later?

Yes, you can upgrade your Chase business checking account at any time. You can request an upgrade by visiting a Chase branch or calling Chase business banking customer service. Upgrades typically take effect within one to two business cycles. There is no fee to upgrade your account tier, and your account history, checks, and debit card typically carry over. If you're uncertain which tier to start with, it is generally better to start with a lower tier and upgrade as your business grows rather than overpaying for features you don't yet need.

What is Chase's overdraft fee for business accounts?

Chase charges $34 per overdraft item for business checking accounts, with a maximum of three overdraft fees per day, totaling up to $102 in daily overdraft charges. Chase Overdraft Assist provides some protection: if your account is overdrawn by $50 or less at the end of the business day, Chase will not charge an overdraft fee. If you bring your account balance to $50 or less overdrawn by the end of the next business day, Chase will also waive the overdraft fee. Businesses that frequently run close to zero balance should consider linking a Chase business line of credit for overdraft protection.