Chase Bank: How to save money on your home business transactions

Financial costs mostly involve setting a fixed amount and working with it. But since the commercial requirements and products available keep changing continuously, you need to review your accounts regularly to save a huge portion of your business revenue.  One important way of reducing your finance costs is to review the business transactions and the fees you pay for those transactions.

Monthly fee levied on the business transaction bank account can very well be your Achilles Heel. The fees can vary as follows:

  • High transactions of over 200 in a month will attract a fee ranging from 0 – $137.
  • Low transactions of about 50 in a month can attract a fee ranging from 0 -$50
  • Cash management account holders will be charged around $22 in a month

Since businesses are doing a majority of their transactions online, it is necessary for business owners to know whether they are paying the appropriate fees. Some may end up paying for services that are actually not needed.

Fortunately for businesses who conduct transactions via their Chase account get to benefit largely form the various account features that they access by Chase online login site.

Here is an overview of the benefits:

Chase Total Business Checking

This is designed for developing businesses enabling them to manage their cash flow while on the move. Some important features include

  • Service fee of $10 per month for clients enrolled in the Paperless Statements feature. This is waived, if the customer maintains a minimum balance of $1,500.
  • No fee for 200 transactions in a month
  • $7,500 Cash deposits can be done every month without fees
  • Cash withdrawals and deposits of $50,000 in a month
  • Permission for domestic wires is present, both outgoing and incoming types. However outgoing wires internationally are not allowed while incoming is permitted.

Chase Performance Business Checking

This is ideal for medium sized business establishments that require basic cash management.

The benefits from this service include:

  • Service fee of $20 per month is charged. This is waived when a business maintains a $50,000 deposit balance.
  • 350 Transactions are allowed every month without any charges.
  • No additional fee is charged for cash deposits up to $20,000 per month
  • 2 domestic wire transfers in a month are provided with no additional charge.

Chase Platinum Business

Large businesses facing basic cash management and dealing with high level of monthly transactions can take advantage of this service by Chase Bank.

With Chase Login businesses can avail the following benefits:

  • Service fee of $95 is charged normally. This is waived when businesses maintain a balance of $100,000 in their checking account.
  • 500 transactions in a month are allowed without charges.
  • Unlimited incoming wires and electronic deposits are provided.
  • Cash deposits up to maximum $25,000 allowed per month without any charges.
  • Maximum of 4 outgoing wires allowed in a month without any charges and reduced charges offered on any additional wires as well as other services.

All types of checking accounts receive 24/7 customer support. This is offered all through the year via the official bank website and Chase Bank’s Premier Service telephone banking. With such advantages, businesses of any scale, small, medium or large stand to gain tremendously.

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