Chase and Capital One offer comprehensive banking services at a modest price. Chase is best for users who prioritize convenient branch access given its strong physical presence in 48
- Chase
- Capital One
Chase vs Capital One business checking quick comparison
 Business Complete Banking |  Basic Checking | |
|---|---|---|
| Geographic availability | All states except Alaska and Hawaii | Louisiana, Maryland, New Jersey, New York, Texas, Virginia, and Washington, D.C. |
| Business account promotions | Earn up to a $500 bonus when you open a Chase Business Complete Checking account with qualifying activities | N/A |
| Required opening deposit | $0 | |
| Monthly fee | $15; waivable | $15; waivable |
| Transaction limit before fees | Unlimited debit card and Chase ATM transactions 20 paper transactions, then 40 cents per transaction | Unlimited digital transactions |
| ACH fees | $2.50 per item for the first 10 payments; 15 cents for succeeding payments, and a $2.50 return fee 1% of transaction value or $25 per transaction, whichever is less for same-day ACH or real-time payments | None |
| Domestic wire transfer fees | Incoming: $15 Outgoing: Up to $35 | Incoming: $15 Outgoing: Up to $25 |
| International wire transfer fees | Incoming: $15 Outgoing: Up to $50 | Incoming: $15 Outgoing: Up to $50 for United States dollars (USD) and $40 for foreign currency |
| ATM network | Chase | Capital One, Allpoint, and MoneyPass ATMs |
| Out-of-network ATM transaction fee | $3 | $2 |
| Cash deposit fee | Up to $5,000 per month free, then $2.50 per $1,000 thereafter | Up to $5,000 per month free; then $1 per $1,000 thereafter |
| APY | N/A | |
| Welcome bonus | Yes for qualified accounts | N/A |
| Our reviews | Chase Business Complete Banking review | Capital One business checking review |
| Open an account | Visit Chase | Visit Capital One |
| Debit card | Free debit card, mailed within 7-14 days of application approval | Free debit card, mailed within 5–7 business days of application approval |
|---|---|---|
| Accounting software integrations | QuickBooks | QuickBooks and Xero |
| Invoicing products | Available with Chase Payment Solutions | Available with Capital One Trade Credit |
| Other products available | Business savings, certificates of deposit (CDs), lending products, credit cards, merchant services, collect and deposit services | Business savings, CDs, lending products, credit cards, and escrow express |
| Our reviews | Chase Business Complete Banking review | Capital One business checking review |
| Open an account | Visit Chase | Visit Capital One |
When to use Chase vs Capital One
- You operate outside Capital One’s service area: Whereas Chase has over 4,800 brick-and-mortar branches in all 48 mainland states, Capital One has physical locations only in Louisiana, Maryland, New Jersey, New York, Texas, Virginia, and Washington, D.C. Opening an account with Capital One requires a branch visit.
- You need faster access to payment processing funds: Chase Business Complete Banking provides same-day access to any funds earned through the card acceptance solution Chase QuickAccept. Meanwhile, Capital One’s card acceptance solution only offers next-day deposits.
- You want to earn a cash bonus on account opening: New Chase customers who open a Business Complete Banking account can earn a cashback bonus by completing qualifying activities (see our guide to the best business account promotions for details). Capital One, in comparison, does not offer any account opening bonuses.
- You want to save on cash deposit fees: Chase Business Complete Banking and Capital One Basic Checking offer a monthly cash deposit allowance of $5,000. However, Capital One’s excess cash deposit fee is slightly cheaper at $1 per $1,000 deposited after the limit. Meanwhile, Chase charges $2.50 per $1,000 deposited after the limit.
- You make ACH transactions frequently: Capital One does not ACH fees. In contrast, Chase charges a $2.50 fee for your first 10 ACH transactions per month and 15 cents for each succeeding transaction.
- You want an account that can accommodate high transaction volume for a low cost: Capital One’s Enhanced Checking account only charges a $35 monthly service fee and includes unlimited free digital transactions and cash deposits. Meanwhile, Chase’s highest-tier account costs $95 monthly but only allows fee-free cash deposits of up to $25,000 each month.
- You want a fee-free business checking account: Neither Chase nor Capital One offers fee-free business checking accounts. A good alternative would be U.S. Bank’s Silver Business Checking account, which has no monthly fees or minimum balance requirements. Read our review of U.S. Bank business checking to see if it fits the bill.
- You want to save money on ATM surcharges: All Chase and Allpoint ATMs are considered in-network for Chase users. Capital One users are limited to in-network, MoneyPass, and Allpoint ATMs. Chase charges a $3 fee for non-network ATM transactions, and Capital One charges $2. Still, third-party operator fees can apply. Axos lets you save by refunding all domestic ATM fees each month. See our Axos Bank business checking review to learn more.
- You want to earn interest on checking balances: Neither Chase nor Capital One earns interest on checking balances. Businesses wanting to earn competitive interest should look into Bluevine’s standard account, which pays an annual percentage yield (APY) of 1.3% on qualifying balances of up to $250,000. Refer to our review of Bluevine business checking for detailed information.
See our list of the best small business checking accounts for additional recommendations.
Comparison of Chase vs Capital One business checking features
| Chase | Capital One | |
|---|---|---|
| Overall rating | 3.75 ★ | 3.25 ★ |
| Geographic availability | ★★★★★ | ★★ |
| Online account opening | ★★★★★ | ★★★★★ |
| Monthly fees | ★★★ | ★★ |
| Monthly transaction limits | ★★★★ | ★★★★ |
| Monthly cash deposit limits | ★★★★ | ★★★★ |
| ATM network and fees | ★★★★ | ★★★★★ |
| ACH fees | ★★★★ | ★★★★★ |
| Welcome bonus | ★★★★ | 0 |
| Merchant services | ★★★★ | ★★★ |
| Higher-tier accounts | ★★★ | ★★★★ |
| Other products | ★★★★★ | ★★★★★ |
| Rating explanation:★★★★★ 5: This feature enhances your banking experience at no cost.★★★★ 4: This feature has a few minor drawbacks/limits or comes at a slight cost.★★★ 3: This feature has a few drawbacks/limits or comes at a slightly high cost.★★ 2: This feature has a few major drawbacks/limits or comes at a high cost.★ 1: This feature has major drawbacks/limits.0: This feature is unavailable. | ||
When we compared Chase vs Capital One business checking accounts, we saw that overall, Chase’s features provide more value for money. While Capital One charges lower fees for excess cash deposits, out-of-network ATM usage, and ACH payments, its overall score took a hit because of its poor geographic availability and lack of online account opening options.
Click on the headers below for a closer look at each feature.
Chase: 5 out of 5
In terms of geographic availability, Chase edges Capital One out. The bank has 4,900 branches in all U.S. states except Alaska and Hawaii.
Capital One: 2 out of 5
The bank has only 274 branches, which are spread across Washington D.C., Louisiana, Maryland, New Jersey, New York, Texas, and Virginia.
Chase: 5 out of 5
You can open a Chase business checking account online.
Capital One: 5 out of 5
You can open a Capital One business checking account online.
Chase: 3 out of 5
Chase’s Business Complete Banking charges a monthly fee of $15, though one advantage Chase holds over Capital One is that it provides more options for waiving the monthly fee. You only need to meet one or more of the following criteria within a statement period:
- $2,000 minimum daily ending balance
- $2,000 in eligible deposits from your Chase Quick Accept® or other eligible Chase Payment Solutions transactions or
- $2,000 in eligible purchases from your Chase Ink Business Card, or
- Maintain a linked Chase Private Client Checking℠, JPMorgan Classic Checking, Private Client Checking Plus account, or
- Meet Chase Military Banking requirements
Capital One: 2 out of 5
Capital One’s Basic Checking also charges a monthly fee of $15. However, while Chase provides multiple options for waiving the fee, you can only waive the Capital One monthly fee by maintaining an average balance of $2,000 or greater within a 30- or 90-day period.
Chase: 4 out of 5
Chase offers unlimited fee-free digital transactions. These include:
- Check deposits through Chase QuickDeposit
- Debit card transactions
- In-network ATM deposits and withdrawals
- Payments and transfers made through the Chase website or mobile app
Additionally, it provides 20 fee-free paper or teller transactions per month. Every transaction after the limit costs 40 cents.
Capital One: 4 out of 5
Capital One also provides unlimited fee-free digital transactions, including:
- Remote check deposits
- Debit card transactions
- In-network ATM deposits and withdrawals
- Online bill payments
- ACH payments
Chase: 4 out of 5
Chase Business Complete Banking has a monthly cash deposit allowance of $5,000. Deposits after the limit cost $2.50 per $1,000. You can also deposit cash for free at Chase ATMs.
Capital One: 4 out of 5
Capital One Basic Checking also offers a cash deposit allowance of $5,000. However, it edges Chase out by a very slight margin because it only charges $1 per $1,000 deposited after the limit. You can deposit cash for free at Capital One ATMs, but not Allpoint or MoneyPass ATMs.
Chase: 4 out of 5
Clients can make ATM withdrawals fee-free at any of Chase’s 15,000 ATMs. The out-of-network ATM fee is $3 per item.
Capital One: 5 out of 5
Capital One users, meanwhile, can make fee-free transactions at over 70,000 Capital One, Allpoint, and MoneyPass ATMs nationwide.
Chase: 4 out of 5
ACH payments cost $2.50 per item for your first 10 payments. Each succeeding payment will cost 15 cents. If you’re making a same-day ACH payment or a real-time payment, the fee is worth 1% of your transaction value.
Capital One: 5 out of 5
The provider offers unlimited free ACH payments.
Chase: 4 out of 5
New users can earn a welcome bonus when they open a Business Complete Banking account. They need to complete qualifying activities, such as:
- Open a new Chase Business Complete Checking account.
- Deposit a total of $2,000 or more in new money into the new checking account within 30 days of offer enrollment.
- Your new money deposit amount will be determined in the following manner at 30 days from offer enrollment:
- $300 when you fund with $2,000 – $9,999
- $500 when you fund with $10,000 or more
- Maintain new money balance (at least $2,000 for the $300 offer or $10,000 for the $500 offer) for 60 days from the offer enrollment. The new money cannot be funds held by the business at Chase or its affiliates.
- Complete five qualifying transactions within 90 days of offer enrollment. These refer to debit card transactions, receiving QuickAccept payments, QuickDeposit, ACH credits, incoming and outgoing wire transfers, and bill pay through Chase digital banking.
Capital One: 0 out of 5
Capital One does not offer a welcome bonus.
Chase: 4 out of 5
Chase Business Complete Banking provides exclusive access to Chase QuickAccept, a payment processing solution that lets you accept card payments through the Chase mobile app. If mobile card readers are needed, you can purchase them between $49 and $499 depending on the model and features desired.
These are the card processing fees:
- Tap, dip, and swipe transactions through the mobile card reader: 2.6% of the purchase amount plus 10 cents
- Manual transactions through the Chase app or website: 3.5% of the purchase amount plus 10 cents
- E-commerce transactions deposited to a Chase account: $9.95 monthly fee, 2.9% + 25 cents
Through Chase, you get same-day access to QuickAccept funds.
Capital One: 3 out of 5
Meanwhile, Capital One provides merchant services through Worldpay. You can use smart terminals, hosted web pages, and mobile readers to accept payments from a variety of card types.
Worldpay charges the following card processing fees:
- For transactions with the card present: 2.55% of the purchase total plus 15 cents
- For transactions processed online: 2.90% of the purchase total + 30 cents
- For transactions without the card present: 3.45% of the purchase total plus 30 cents
Funds from card processing will typically appear in your account the day after your customer’s transaction.
Chase: 3 out of 5
Aside from Business Complete Banking, Chase offers two other business checking accounts.
- Performance Business Checking charges a waivable $30 monthly fee and includes unlimited electronic deposits, a monthly transaction limit of 250 items, and a monthly cash deposit allowance of $20,000. You can find more information in our review of Chase Performance Business Checking.
- Platinum Business Checking charges a waivable monthly fee of $95 and provides unlimited electronic deposits, a monthly transaction limit of 500 items, and a monthly cash deposit allowance of $25,000. Check out our Chase Platinum Business Checking review for more details. You can also refer to our review of Chase business checking for a comparison of all three Chase business checking accounts.
Capital One: 4 out of 5
Meanwhile, Capital One only offers one higher-tier account: Enhanced Checking.
- Enhanced Checking has a waivable monthly maintenance fee of $35 and provides unlimited digital transactions and unlimited fee-free cash deposits. Information about Enhanced Checking is also included in our overall review of Capital One business checking accounts.
Although Chase offers more account options, Capital One can accommodate higher cash volume for a lower monthly service fee.
Chase: 5 out of 5
Chase’s additional products include savings accounts, CDs, credit cards, business lines of credit, small business loans, commercial real estate financing, and employee 401(k) plan solutions.
Capital One: 5 out of 5
When comparing Capital One vs Chase business accounts, both offer many similar services. Capital One has business savings, CDs, credit cards, Small Business Administration (SBA) loans, lines of credit, real estate term loans, business installment loans, specialized lending, vehicle and equipment loans, and medical practice loans.
Are you ready to open an account?
We have a downloadable checklist of documents typically requested upon account opening in our guide on
how to open a business bank account
.
Chase vs Capital One business checking reviews from users
| Chase | Capital One | |
|---|---|---|
| WalletHub Rating | 3.8 (based on more than 27,000 reviews on WalletHub) | 3.7 (based on more than 79,000 reviews on WalletHub) |
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User reviews for Chase and Capital One are mixed. The majority of recent reviews for both are negative.
Chase customers were satisfied with the bank’s fast settlement and reasonable fees. They also praised Chase’s customer support team and mentioned they were polite and knowledgeable. However, some stated that the required balance to waive the basic checking account’s monthly fee is unjustifiable with its average business account. Others complained about the frequent account restrictions they experienced.
Meanwhile, some Capital One users said that their deposits were credited quickly. However, several stated that the bank’s ACH transfers were slow and sometimes took a week. A few reviewers also reported that the bank locked their accounts without providing a full explanation and specific deadlines for the account review.
Frequently asked questions (FAQs)
Depending on your needs, you might consider Chase if you prefer multiple physical locations, bonus rewards for new accounts, and convenient online account opening. Meanwhile, if you prioritize low banking fees and unlimited free ACH payments, Capital One is suitable.
According to a March 2024 report from MX1, Capital One has approximately $478.8 billion in assets, based on FDIC data.
Yes, Chase is considered the largest bank in the US. It has an estimated $3.5 trillion in assets based on a report from MX1 from March 2024 based on the FDIC data.
Bottom line
Choosing between Capital One vs Chase business accounts typically is a matter of geographic availability. Capital One operates its brick-and-mortar branch network in fewer states than Chase.
If you run your business within the Capital One service area, you can benefit from lower cash deposit fees and free ACH payments. However, Chase is a better all-around provider thanks to its wide branch network, extensive product selection, and affordable merchant services solutions.
User review references
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