Holdings vs Chase Business Banking
Chase charges monthly fees and pays near-zero interest. Holdings gives you zero-fee checking, 1.75% APY, and free accounting software — no branch visits required.
Feature comparison
See how Holdings stacks up against Chase Business
| Feature | Holdings | Chase Business |
|---|---|---|
| Monthly Fees | Free | $15/mo (waivable) |
| APY on Checking | 1.75% | 0.01% |
| FDIC Insurance | Up to $3M | $250K (standard) |
| Built-in Accounting | ✅ Included free | ❌ Not included |
| Auto-Categorization | ✅ Included free | ❌ Not included |
| P&L / Balance Sheet | ✅ Included free | ❌ Requires separate tool |
| Sub-accounts | Unlimited (free) | Separate accounts ($15/mo each) |
| Domestic Wires | Free | $25 outgoing |
| ACH Transfers | Free | Free |
| Physical Branches | Online only | ✅ 4,700+ locations |
| Cash Deposit | Not available | ✅ At branches/ATMs |
| Bookkeeping Add-on | $100/mo | Not offered |
Why choose Holdings over Chase Business
Zero fees — no minimums, no gotchas
Chase charges $15/mo unless you maintain a $2,000 balance. Holdings is free — no monthly fees, no minimum balance, no per-transaction charges, no wire fees.
175x more interest on your money
Chase Business Complete pays 0.01% APY. Holdings pays 1.75% APY on every dollar. On a $100K balance, that's $1,750/year vs $10/year.
Accounting software included
Chase requires you to buy and sync QuickBooks or another tool. Holdings auto-categorizes every transaction and generates tax-ready financial reports — built in.
12x more FDIC coverage
Chase provides standard $250K FDIC insurance. Holdings extends FDIC coverage up to $3,000,000 through our program bank network.
When Chase Business might be the better choice
Chase may be a better fit if you need physical branch access for cash deposits, in-person support, or established business credit card and lending relationships.
Frequently asked questions
Why switch from Chase to Holdings?
Chase charges $15/mo, pays 0.01% APY, and doesn't include accounting. Holdings is free, pays 1.75% APY, and includes auto-categorization and financial reports. On a $100K balance, you'd earn $1,740 more per year.
Can I deposit cash with Holdings?
Holdings is an online-only platform, so cash deposits aren't available. If you regularly receive cash payments, you may want to keep a Chase account for deposits and use Holdings as your primary operating account.
Is my money as safe as Chase?
Holdings deposits are FDIC insured up to $3,000,000 — 12 times Chase's standard $250,000 limit. Holdings also maintains SOC 1 Type II certification.
Can I keep my Chase account and use Holdings too?
Absolutely. Many businesses use Holdings as their primary operating account while keeping a Chase account for cash deposits or credit relationships. Holdings accounting can connect to your Chase account for a full picture.
How long does it take to open a Holdings account?
Most businesses are approved in minutes. No branch visits, no paper applications. You need your EIN and basic identity verification.
Ready to switch?
Open your Holdings account in minutes. Keep your current bank during the transition — move at your own pace.
1.75% APY† • Zero fees^ • FDIC insured to $3M*