Capital One vs. Chase: Which Is Better for Business Checking?
Chase Business Complete Banking wins out on mobile banking, but Capital One beats it in cash deposits.
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If you’re looking for a business checking account with a big-name bank, Capital One and Chase are likely on your radar. But the best business checking account depends on the unique needs of your business.
Do you make a lot of cash deposits? Need frequent branch access? Want an easy payment solution? Here’s how to decide between the entry-level accounts at Capital One and Chase for your business banking.
Capital One vs. Chase business checking at a glance
Capital One Business Basic Checking® | Chase Business Complete Banking® | |
|---|---|---|
Monthly fee: | $15 Waived if you:
| $15 Waived if you do one of the following:
|
Minimum opening deposit requirement: | $0 | $0 |
APY: | None | None |
Transactions: | Unlimited digital transactions (mobile deposits, ACH transfers and some bill pay) | Unlimited electronic deposits; 20 free in-person transactions and paper checks per month. |
Cash deposits: | Up to $5,000 per month with no fee, after that $1 fee per $1,000 deposited. No fees for cash deposits at Capital One ATMs or select Allpoint ATMs. | Up to $5,000 per month with no fee, after that $2.50 fee per $1,000 deposited. No fee for deposits at Chase ATMs. |
Branch access: | Around 260 branch locations in eight states and Washington, D.C. | Around 5,000 branch locations in 48 states and Washington, D.C. |
Standout features: |
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Capital One vs. Chase business checking: key features
Transaction limits
Advantage: Capital One Business Basic Checking®
Capital One Business Basic Checking® offers unlimited fee-free digital transactions (including mobile deposits, ACH transfers and bill pay), so small-business owners don’t need to keep count. You can also write paper checks and visit a teller whenever necessary.
By comparison, Chase Business Complete Banking® offers unlimited electronic transactions, including mobile deposits, ACH payments and debit card transactions, but customers are limited to just 20 paper checks and in-person transactions per month.
Branch access
Advantage: Chase Business Complete Banking®
Chase Business Complete Banking®
$0
Chase operates around 5,000 branches across 48 states, plus Washington, D.C. Capital One’s physical footprint is a fraction of that, with around 260 branches across eight states and Washington, D.C. Capital One also operates around 60 cafes in 18 states plus D.C. — but those are staffed by “ambassadors,” not bankers, and have limited services.
Opening an account
Draw
Both Capital One and Chase make it easy to open a business checking account online for most small-business owners. You can open accounts in branches, too. Neither has a minimum opening deposit, so you can get started right away.
Cash deposits
Advantage: Capital One Business Basic Checking®, but it's close
This one is almost a draw — both accounts cap fee-free cash deposits with a teller at $5,000. What makes the difference? Capital One Business Basic Checking® charges $1 per $1,000 beyond the limit, compared with $2.50 per $1,000 with a Chase Business Complete Banking® account.
That said, neither bank charges for ATM deposits. Chase customers can deposit excess cash at Chase ATMs for no fee; Capital One customers can use Capital One or select Allpoint ATMs.
Mobile banking
Advantage: Chase Business Complete Banking®
Chase and Capital One both offer a full range of online and mobile banking services, including online bill pay and mobile deposits and transfers. But one key feature gives Chase Business Complete Banking® an edge: Chase QuickAccept, which lets you accept credit card payments via the Chase mobile app, no additional equipment necessary.
Capital One has a partnership with Worldpay to offer business owners payment processing services. But you’ll need a point-of-sale system or mobile card reader to get started.
Business savings accounts
Advantage: Capital One
You don’t have to have business checking and business savings accounts at the same institutions. But if you want to — and you have a balance of between $10,000 and $10 million — Capital One is the clear winner.
Currently, Capital One Business Advantage Savings offers a promotional rate of up to 3.70%. Advertised Annual Percentage Yield (APY) is variable and accurate as of 03/13/2025. The promotional rate of 0.25% APY applies to accounts with a balance up to $9,999.99. The promotional rate of 3.70% APY applies to accounts with a balance of $10,000 to $10 million. The promotional rate of 0.10% APY applies to accounts with a balance above $10 million.
Capital One's ongoing variable APY might be quite a bit lower than the promotional APY (ask your banker for current rates). But Chase’s APY scrapes the bottom of the barrel. The Chase Business Premier Savings account pays just 0.01% APY, and Chase Complete Business Banking customers don’t qualify for increased relationship rates. If you did, you’d still be earning a measly 0.02%.
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| Product | Monthly Fee | APY | Learn more |
|---|---|---|---|
 American Express® Business Checking NerdWallet Rating Learn more at American Express National Bank, Member FDIC | $0 | 1.30% With $0 min. balance for APY | Learn more at American Express National Bank, Member FDIC |
 Bluevine Business Checking NerdWallet Rating Learn more at Bluevine, Deposits are FDIC Insured | $0 | 1.50% With $0 min. balance for APY | Learn more at Bluevine, Deposits are FDIC Insured |
Chase Business Complete Banking® NerdWallet Rating Learn more at Chase, Member FDIC | $15.00 Waived with $2,000 minimum balance | N/A | Learn more at Chase, Member FDIC |
Capital One vs. Chase business checking: The bottom line
Chase Business Complete Banking® wins out on several key features, including branch access and taking credit card payments in person. But Capital One still offers a lot to business owners operating in its service areas, particularly those looking for savings accounts.
New elevated offer
American Express® Business Checking
30,000 points
Requirements to qualify
