Costs & Fees

Metric	Chase Business Complete Banking	American Express Business Checking
Monthly maintenance	$15 per statement period	$0 — unconditional
Fee waiver	$0 if any one of: (1) $2,000 min daily ending balance each business day (excl. last business day); (2) $2,000 eligible QuickAccept/Payment Solutions deposits; (3) $2,000 eligible Ink/Sapphire Reserve for Business purchases in prior card cycle; (4) linked Chase Private Client/JPM Classic/PC Plus personal checking; (5) Chase Military Banking. First two monthly fees waived for new/converted accounts.	N/A — no monthly fee to waive
Transaction fees	20 free teller deposits/withdrawals + paper checks per cycle; $0.50 each thereafter. ACH, wires, ATM, QuickDeposit, debit purchases, internal transfers: no per-item checking fee.	No excess-item fees; effectively unlimited electronic and paper items (operational limits may apply unpublished)
Overdraft/NSF	$34 per paid overdraft item over $50 (max 6/day, $204). Overdraft Assist: no fee if EOD overdraft ≤ $50 or restored to ≤ $50 by 11 p.m. ET next business day. No fee on items ≤ $5.	$0 NSF/stop pay/returns; overdrafting not a product — items exceeding balance generally refused
ATM fees	Chase ATM: $0. Non-Chase U.S./territories: $3. Non-Chase outside: $5. Network surcharge not rebated.	Allpoint + MoneyPass in-network $0 Amex fee; out-of-network owner surcharge (no rebate). Daily ATM cash limit $1,000.
Wire/ACH	Incoming domestic wire: $15 ($0 if Chase-originated). Outgoing domestic: $25 online / $35 branch. Incoming intl: $15 ($0 if Chase-originated). Outgoing intl: $40 online USD / $5–$0 online FX / $50 branch (+ FX spread). Standard ACH: no charge. Same-day ACH/RTP: 1% or $25 max.	Incoming domestic wire $0. Outgoing domestic wire $25. Standard ACH $0. Same-day ACH $10 (cutoff 2:45 PM ET). Outgoing international wires not offered.

Interest & Yields

Metric	Chase Business Complete Banking	American Express Business Checking
Checking APY	None (does not earn interest)	1.30% APY on first $500,000 per account (variable; no activity gate)
Savings APY	Linked Business Total Savings: 0.01% APY (rate sheet 2026-09-02); monthly fee waived when linked	N/A — single checking product
FDIC coverage	Standard FDIC $250,000 per depositor, per ownership category at JPMorgan Chase Bank, N.A.	Standard FDIC $250,000 per depositor, per ownership category at AENB (accounts aggregate)

Features & Access

Metric	Chase Business Complete Banking	American Express Business Checking
Branch/ATM network	~5,000 branches (not AK/HI); 14,000+ Chase ATMs	No branches. 70,000+ Allpoint + MoneyPass ATMs for withdrawals only (no cash deposits).
Mobile app	Chase Mobile ~4.8/5 iOS (~9.4M ratings) and ~4.8/5 Android (~2.1M ratings) as of Sept 2026	Business Blueprint ~4.5/5 Google Play (~1.6k reviews); Amex app ~4.8–4.9 iOS cited
Virtual cards	Associate debit cards with spend limits; issuer-style virtual cards not disclosed	Not marketed for business debit product
Opening deposit	$0	$0
Eligibility	Online: sole prop (one owner), single-member/manager LLC, single-officer private S/C-corp. Branch required: multi-member LLC, partnerships, nonprofits, corps owned by another business.	Corporation, LLC, partnership, unincorporated association, sole prop. 25%+ owners must be U.S./territory residents with SSN/ITIN.

Pros & Cons

Chase Business Complete Banking

Pros

• Five documented $15-fee waiver paths plus first two months free for new accounts
• Unlimited no-fee cash deposits at 14,000+ Chase ATMs; ~5,000 branches
• Electronic items, debit purchases, QuickDeposit, and transfers don't count toward 20-item teller/check limit
• Built-in invoicing (Complete-only) and QuickAccept card acceptance with same-day funding, no monthly POS fee
• Linked Business Total Savings monthly fee waived; Overdraft Assist reduces $34 overdraft fees

Cons

• Checking pays no interest; linked Total Savings only 0.01% APY
• Branch/night-drop cash above $5,000 costs 0.30%; only 20 free teller/paper items then $0.50 each
• Wires costly — $15 in, $25–$35 domestic out, $40–$50 international plus FX spread
• No treasury sweeps or lockbox; multi-owner entities cannot open fully online
• Recurring third-party complaints about freezes, closures, and held merchant funds

American Express Business Checking

Pros

• $0 monthly fee, $0 opening deposit, $0 excess-item fee unconditionally
• 1.30% APY on first $500,000 per account with no balance or activity gate
• Membership Rewards on debit spend plus Redeem-for-Deposits into checking
• 24/7 specialist support — differentiator vs most online business banks
• 70,000+ Allpoint/MoneyPass ATM withdrawals at $0 Amex fee; up to 10 accounts at $0 extra

Cons

• Cash deposits not supported at all — need another bank for cash businesses
• No outgoing international wires; USD Fedwire domestic/territories only
• APY stops at $500k/account; FDIC remains $250k with no ICS/sweep
• Thin card/user toolkit vs Relay/Bluevine-style employee and virtual cards
• Beneficial owners must be U.S./territory residents with SSN/ITIN — blocks international founders

Verdict

Chase Business Complete Banking

Chase Business Complete Banking is JPMorgan Chase's entry small-business checking — a non-interest flat-fee account at $15/month (waivable five ways). Strengths are the branch/ATM network, unlimited Chase ATM cash deposits, included invoicing and QuickAccept, and electronic activity that doesn't meter against the 20 teller/check allowance. Weaknesses are zero checking APY, 0.30% branch cash fees above $5,000, expensive wires, and no treasury features. Best for businesses already in or entering the Chase ecosystem who can meet waiver thresholds; poor for high-yield treasury or wire-heavy operations.

American Express Business Checking

American Express Business Checking is a single-tier online account issued directly by American Express National Bank — not a fintech wrapper. As of September 2026: $0 monthly fee, 1.30% APY on the first $500,000 per account (up to 10 accounts), standard FDIC $250k with no sweep. Strengths are unconditional $0 fees, decent APY without activity gates, MR on debit spend, QuickBooks, Zelle, and 24/7 support. Weaknesses are no cash deposits, no outgoing international wires, APY/FDIC gap above $250k, and limited multi-user debit tooling. Best for digital firms already in the Amex ecosystem; pair with a branch bank if the business handles cash.