NEW YORK—JPMorgan Chase is rolling out a checking account that is paired with a new fintech-inspired service called QuickAccept.
QuickAccept lets merchants take card payments within minutes, either through a mobile app or a contactless card reader, and users will see sales hit their Chase business accounts on the same day, CNBC reported.
“That fast funding is offered free, unlike competitors including Square, which typically take a day or more and charge a 1.5% fee to make instant transfers to external accounts,” CNBC said.