Maximizing the Benefits of a Chase Business Account
Starting a business is not an easy task, but opening a business account can be a game-changer. As a business owner, you need to manage your finances carefully, and that’s why opening a business account is a wise decision. Chase offers a range of business bank accounts, and choosing the right account can help you maximize the benefits of your account.
Introduction: Why Opening a Business Account is Important
A business account keeps your personal and business finances separate, and this makes accounting and tax filing more manageable. Additionally, having a business account helps you build a strong credit history, which can help you qualify for loans and credit lines in the future.
Chase offers several business accounts tailored to fit the needs of different business types. From basic business checking to specialized accounts or credit cards, Chase is a popular choice for business owners.
In this article, we will delve into how you can maximize the benefits of a Chase business account.
Choosing the Right Business Account
Chase offers several types of business accounts, and you need to choose one that best suits your business. Some of the popular Chase business account options include:
– Chase Total Business Checking: This is a basic checking account that comes with no monthly maintenance fee if you maintain a minimum daily balance of $1,500. Additionally, you get access to a Chase Business Debit Card, and you can make up to 100 transactions per month without any charges.
– Chase Performance Business Checking: This account is best for businesses with higher transaction volumes. It comes with higher limits, and you get to make up to 250 transactions per month. You also get access to online bill payment, and you can waive the monthly maintenance fee by maintaining a minimum daily balance of $35,000 across your Chase accounts.
– Chase Platinum Business Checking: For businesses with high transaction volumes, this account offers unlimited transactions per month, access to priority client services, and higher limits. Additionally, you can waive the monthly maintenance fee by maintaining a minimum daily balance of $100,000 across your Chase accounts.
It’s essential to choose the right account that fits your business needs, as this will ensure that you get the most out of your Chase business account.
Using Your Chase Business Account to its Fullest Potential
Once you have chosen the right account, the next step is to use it to its fullest potential. Here are some tips to help you get the most out of your Chase business account:
1. Use the Mobile App: Chase offers a free mobile app that allows you to check balances, deposit checks, transfer funds, and pay bills from anywhere.
2. Automate Your Payments: Set up automatic payments for your recurring bills to avoid late payment fees and save time.
3. Sign Up for Online Banking: Online banking offers you a convenient way to manage your account and monitor your transactions. Additionally, using online banking ensures that you don’t miss any important account updates.
4. Choose the Right Credit Card: Chase offers several business credit cards that come with different rewards and benefits. Evaluate your business needs and choose the card that offers the best rewards for your business spending.
Conclusion: Maximizing the Benefits of Your Chase Business Account
In conclusion, opening a Chase business account is a wise decision for any business owner. Choosing the right account will help you get the most out of your account, and using the account to its fullest potential will help you manage your finances better. Remember to evaluate your business needs regularly to ensure that you are making the best use of your Chase business account.
