Anyone using Chase for both personal and business accounts? How’s it going?

Seeking Help/Advice Forum
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I’ve been using Chase for personal banking for a while now—checking and a couple of credit cards—and I’ve had no issues. The app works great, and it syncs well with my budgeting tools.

I recently started an LLC and am thinking about opening a business checking account with Chase. One of the main reasons is that I assume transferring money between personal and business accounts would be super fast, which is how I’d pay myself. Free ACH transfers, fast check deposits, and other features make it appealing.

Does anyone have experience with this? Any drawbacks I should be aware of?

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Just a heads-up: this forum is for questions about starting, owning, and running small businesses. Please follow the rules, and if your post violates them, it might get removed. If you need help or clarification, feel free to reach out to the mods.

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It works fine for me. No problems so far. I’ve never gone below the minimum balance, but if I did, the $15 fee isn’t too bad.

4

Wray said:
It works fine for me. No problems so far. I’ve never gone below the minimum balance, but if I did, the $15 fee isn’t too bad.

Do you keep your personal and business logins separate? I’ve heard combining them can cause issues. But having to log in and out all the time on the app sounds annoying.

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@Ember
I use separate phones for each account.

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I use them, and I’m happy with it. Transfers between accounts are instant, not just fast.

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Morgan said:
I use them, and I’m happy with it. Transfers between accounts are instant, not just fast.

Same here, no complaints. Instant transfers make things super easy. I also use recurring transfers for regular expenses, and it saves me time.

8

@Brett
Yeah, I do recurring transfers too. Plus, my family has Chase accounts, so we set up a joint account for easy money transfers within the family.

9

It’s always good to have accounts with more than one bank, whether it’s for a savings account or just to keep some options open.

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Arthur said:
It’s always good to have accounts with more than one bank, whether it’s for a savings account or just to keep some options open.

I plan to set up a business savings account too, probably with Wealthfront. That’s what I use for personal finances, and it works well. Thanks for the advice!

11

Arthur said:
It’s always good to have accounts with more than one bank, whether it’s for a savings account or just to keep some options open.

Just curious—what does the AV in your username stand for?

12

Chase is great. I also have accounts with a local bank, but their app and website make Chase a much smoother experience.

13

I’ve got both personal and business accounts with Chase. No real complaints so far.

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Madden said:
I’ve got both personal and business accounts with Chase. No real complaints so far.

Do you manage both accounts with the same login, or are they separate? I’ve heard keeping them combined can lead to problems.

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@Ember
I use my business login for both accounts, and it works seamlessly. Transfers are instant, and I can still use my personal login if needed, but it only shows personal accounts.

16

I use Chase for both personal and business banking. My only issue is the constant sales calls about their business products. It’s a bit much.

I also use the app to deposit checks. A couple of times, the app said a check was accepted, but it never showed up in my account. It’s rare but worth noting.

17

I think Chase works well for business banking.

18

You can combine personal and business accounts under one login, which is convenient. You can even combine credit card points.

Chase has good banking services and decent credit cards. Amex business cards might be better, but their banking isn’t as good. If you want an all-in-one option, Chase is solid. Capital One is another option to consider.

19

I keep my personal and business accounts at separate banks. Transfer times aren’t a big deal for me. Once, BOA froze all my accounts—business, personal, and credit cards—because of a fraud issue. That’s why I never put all my accounts in one bank.

20

I have both accounts with Chase. The only hassle is that you need to log into the newest account to see everything. Also, bill pay setups from the old account don’t carry over, so I still need the old login. Not a huge deal, though.