Being able to deposit checks without visiting a branch can save you time, which can be an invaluable resource as a business owner. The QuickDeposit feature also takes the hassle out of accepting check payments if you have customers or clients who’d rather pay by check versus card. You could use this feature to accept payments, whether you have a brick-and-mortar location or run a mobile business such as a food truck operation or a pop-up retail store. QuickAccept removes obstacles for accepting and processing card payments from customers so you can get paid virtually anywhere. Distinguishing FeaturesĬhase QuickAccept and Chase QuickDeposit can both make managing cash flow for your business easier. And it’s not an option at all with Platinum Business Checking. If you want to use that feature with Performance Business Checking, you’ll need a separate payment solutions account. These can be waived by maintaining a minimum daily balance of $35,000 or $100,000, respectively, in your business deposit accounts with Chase.Īnother key difference is that with Chase Business Complete Banking, QuickAccept is included. Performance Business Checking has a $30 monthly service fee while the Platinum Business Checking account has a $95 monthly fee. In terms of how these accounts compare with the regular Business Complete Banking option, the biggest differences lie in the fees and features. In addition to Business Complete Banking with QuickAccept, Chase also offers Performance Business Checking and Platinum Business Checking. Other Chase Business Complete Banking Accounts $250,000 daily and $500,000 in a rolling 30-day period if you have a check scanner.$10,000 daily and $25,000 in a rolling 30-day period using the Chase Mobile app.If you’re using this feature, you can deposit: There are also limits on deposits made through Chase QuickDeposit. Daily non-Chase ATM withdrawal limit: $500 (or $1,000 for accounts opened in CT, NJ, NY, TX).Daily other Chase ATM withdrawal limit: $1,000.Daily Chase in-branch ATM withdrawal limit: $3,000.Chase imposes these limits on card transactions: Your account comes with a debit card for convenient access to business funds. You’ll also pay a $5 card replacement rush fee if you request express shipping. There’s also a 3% foreign transaction fee when completing transactions in currencies other than U.S. The fee increases to $5 for withdrawals at ATMs outside the U.S. After that, you’ll pay a $0.40 fee for each additional paper check or teller transaction.Ĭhase charges a $2.50 fee for transactions made at out-of-network ATMs in the U.S. In terms of other fees you may pay, there’s no fee for the first 20 deposits and withdrawals made with a teller or by writing a paper check. You’ll pay a $25 monthly maintenance fee for a single feed check scanner or $50 a month if you choose a multiple feed check scanner option. If you get the green light, you’re required to sign a two-year contract, which includes a check scanner. Enrollment in Chase QuickDeposit is subject to approval.
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