Chase Business Complete Banking
Branch + ATM cash deposits, built-in invoicing & card acceptance; $15 fee waivable at $2,000 activity/balance
Relay Business Checking
Startup / Profit First multi-account checking — $0 Starter, up to 20 checking buckets, QBO/Xero sync; no APY on checking
Costs & Fees
| Metric | Chase Business Complete Banking | Relay Business Checking |
|---|---|---|
| Monthly maintenance | $15 per statement period | Starter $0; Grow $30; Scale $90 limited-time (list $120). Paid plans billed from designated checking account. |
| 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. | No balance waivers — Grow/Scale are subscriptions, not waivable by balance |
| 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 per-item checking cap published. Unlimited standard ACH and digital items. Same-day ACH extra: $1 Starter / $0.50 Grow / included Scale. |
| 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 overdraft fees; transactions that would overdraw decline. Optional backup account internal pull (not a priced OD product). |
| ATM fees | Chase ATM: $0. Non-Chase U.S./territories: $3. Non-Chase outside: $5. Network surcharge not rebated. | Allpoint in-network $0 Relay fee. Out-of-network owner surcharge not rebated. Allpoint+ cash deposit $1,000/txn; cash withdrawal $400/txn. |
| 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: $5 (Aug 2026 official table). Outgoing domestic: $8 Starter / $5 Grow / $5 Scale. Incoming intl: typically $0. Outgoing intl Local Network $5/$3/$1.50; SWIFT $25/$22/$20. Standard ACH in/out: $0. |
Interest & Yields
| Metric | Chase Business Complete Banking | Relay Business Checking |
|---|---|---|
| Checking APY | None (does not earn interest) | None — non-interest-bearing checking |
| Savings APY | Linked Business Total Savings: 0.01% APY (rate sheet 2026-09-02); monthly fee waived when linked | Plan-tiered on up to 2 savings accounts: Starter 1.11%, Grow 1.75%, Scale 3.00% APY (as of 2026-05-01). Variable; savings cannot originate ACH/wires. |
| 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 Thread Bank — combined across all Relay sub-accounts |
Features & Access
| Metric | Chase Business Complete Banking | Relay Business Checking |
|---|---|---|
| Branch/ATM network | ~5,000 branches (not AK/HI); 14,000+ Chase ATMs | No branches. Allpoint network (32k–55k+ cited). Cash deposit at Allpoint+ only ($1k/txn). Green Dot retail. |
| Mobile app | Chase Mobile ~4.8/5 iOS (~9.4M ratings) and ~4.8/5 Android (~2.1M ratings) as of Sept 2026 | iOS ~4.8; Android ~4.5 (~3.5k / ~1.1k reviews per 2026 aggregators) |
| Virtual cards | Associate debit cards with spend limits; issuer-style virtual cards not disclosed | Included — physical + virtual Visa debit with freeze, limits, spend policies |
| 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. | U.S.-registered sole prop, LLC, C-corp, S-corp, partnership, nonprofit. Not supported: personal, escrow, trusts, Series LLCs, 401(k)s. |
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
Relay Business Checking
Pros
- Starter $0 with no minimum balance, $0 OD fees, and no per-item checking cap
- Up to 20 checking accounts (50 on Scale) with auto-transfer rules — rare on free tier
- Native QuickBooks Online and Xero feeds on all plans including Starter
- Outbound domestic wires $8/$5/$5 — below typical big-bank $15–$30
- IntraFi sweep to $3M; Scale savings 3.00% APY; unlimited users and virtual debit cards
Cons
- Checking earns 0% APY — savings yield is plan-gated and mid-pack at Starter/Grow
- Mobile check funds can take up to 7 business days
- Cash deposits via Allpoint+/Green Dot only — retailer fee up to $4.95, low caps
- Official Aug 2026 table lists $5 incoming domestic wires (conflicts with free-inbound marketing)
- BaaS structure (Thread Bank); sub-accounts do not multiply $250k FDIC; weekday-only support
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.
Relay Business Checking
Relay Business Checking is an online SMB platform from Relay Financial Technologies with deposits at Thread Bank, Member FDIC, and IntraFi sweep to $3M. Checking is non-interest-bearing across Starter ($0), Grow ($30), and Scale ($90–$120) plans; savings APY is 1.11%/1.75%/3.00% as of May 1, 2026. Differentiator is operational: up to 20–50 checking buckets with auto-allocation, unlimited users, virtual Visa debits, and native QBO/Xero on Starter. Official Aug 11, 2026 fees: incoming domestic wire $5, outgoing $8/$5/$5, same-day ACH $1/$0.50/included. Weak on cash deposits, check holds (7 days), 0% checking, and BaaS partner-bank structure. Strong for Profit First digital SMBs; weak for cash retail and same-day check users.