A quasi-Chebyshev subspace of a Banach space X has been defined as one in which the set of best approximants for every x in X is non-empty and compact. This generalizes the well known concept of pseudo-Chebyshev property. In this paper we shall give various characterizations of quasi-Chebyshev subspaces in Banach spaces. Moreover, we present a characterization of the spaces in which all closed linear subspaces are quasi-Chebyshev. (C) 2000 Academic Press.