Earn a Welcome Offer of 20,000 Membership Rewards® points

 

To be eligible to earn a Welcome Offer of 20,000 Membership Rewards® points (the “Welcome Offer”), you must meet each of the following qualifying criteria: 

 

  1. Open your first American Express® Business Checking account, which is subject to approval;
  2. Deposit a total of $5,000 or more in “new money” into your account within twenty (20) days of account opening (the new money must also post to your account and appear in your Available Balance within twenty (20) days of account opening). “New money” is defined as deposits that are not deposited from any other American Express® Business Checking account and are not deposited using our Redeem Membership Rewards points for Deposits feature;
  3. Maintain an average balance in your account of at least $5,000 for sixty (60) days, starting on the date that your deposits of new money are equal to $5,000 or greater; and
  4. Complete 10 qualifying transactions within sixty (60) days of account opening. “Qualifying transactions” are defined as mobile deposits, and electronic/online transactions, including ACH, Wire, and Bill Payments made to or from your account. Business Debit Card transactions and deposits using our Redeem Membership Rewards points for Deposits feature are not qualifying transactions. Transfers between American Express® Business Checking accounts held by the same business are not qualifying transactions. Stop payments and transactions that do not post to your account and do not appear in your Available Balance within sixty (60) days of account opening are not qualifying transactions. You are not eligible to earn a Welcome Offer for any accounts opened for a business that currently has or has had an American Express® Business Checking account. 

 

After you have completed all the above qualifying criteria, American Express will credit the Membership Rewards points to the Membership Rewards Program Account linked to your American Express® Business Checking account within 8-12 weeks. We may not credit the Membership Rewards points, or we may take away the Membership Rewards points if we determine, in our sole discretion, that you have engaged in abuse, misuse, or gaming in connection with the offer in any way or that you intend to do so. We may also cancel this account and other accounts you may have with us if we determine abuse, misuse or gaming behavior has been shown. Your American Express® Business Checking account must be open at the time of fulfillment; we may not credit the Membership Rewards points if you or we close your American Express® Business Checking account.

 

The Welcome Offer may be taxable income to you and may be reported on IRS Form 1099. You are responsible for any federal or state taxes resulting from the offer. Please consult your tax advisor if you have questions about the tax treatment of the Welcome Offer.

 

American Express reserves the right to modify or revoke this Welcome Offer at any time without notice.

 

Terms and Conditions for the Membership Rewards® program apply. Visit membershiprewards.com/terms for more information.

 

If you’re new to the Membership Rewards® program:

Any points you earn, including this Welcome Offer and from making Business Debit Card purchases, can be converted into deposits made directly into your Business Checking account.

 

If you already have a Membership Rewards-enrolled Card: You can choose to convert points into deposits directly into your Business Checking account or use them the same way you always have – for travel, gift cards, and more.

 

Participating partners and available rewards are subject to change without notice.

 

The value of Membership Rewards points varies according to how you choose to use them. To learn more, go to www.membershiprewards.com/pointsinfo.

 

ATM Withdrawals 

With fee-free ATM access at MoneyPass® locations in the U.S., you can withdraw cash and check your balance at no charge. Access to ATMs outside of the MoneyPass® network may be subject to fees by the ATM owner and/or network. American Express applies a fee and a foreign currency adjustment to ATM withdrawals in currencies other than U.S. Dollars. Visit americanexpress.com/atm-locator to find the nearest MoneyPass® ATMs. 

 

APY
Annual Percentage Yield (APY), also referred to as annual interest, as advertised is accurate as of 06/27/2022. APY is applied on account balances up to $500,000. No interest is earned on account balances over $500,000. APY is subject to change at any time without notice before and after a Business Checking account is opened.

 

35X National Deposit Rate
The FDIC National Deposit Rate is the average of rates paid (using APY) by all insured depository institutions and branches for checking accounts in the $0-$2,500 deposit tier and for which data is available to the FDIC.  Rates are weighted by each institution’s share of domestic deposits. The Rate is accurate as of 06/27/2022, as published in the FDIC’s Monthly National Rates and Rate Caps

 

American Express® Business Checking App (iOS only)
IOS only. See app store listings for operating system info. Messaging and data rates may apply.

 

Mobile Deposits
Deposit limits and other restrictions may apply. Some deposit types are not eligible for mobile deposit. See the Remote Check Deposit Addendum in your Business Checking account Agreement for other terms, conditions, and limitations.

 

Membership Rewards® Program for Checking and Debit

When you open an American Express® Business Checking Account, you will also receive a Membership Rewards® Account, in which you will earn one Membership Rewards point for every two dollars of eligible Debit Card purchases. Eligible purchases are purchases for goods and services minus returns and other credits. For more information on eligible purchases, visit membershiprewards.com/terms. You can redeem Membership Rewards points for a deposit into your checking account. Click here to learn what other redemption options may also be available. If you also have a Rewards Account in connection with a Card Account, your Rewards Accounts can be linked and you will have access to all redemption options offered with that Card Account. For more information, visit membershiprewards.com/terms

 

Membership Rewards® Program - Redeem for Deposits

You may redeem Membership Rewards® points for deposits into your American Express® Business Checking Account at the standard rate of 1000 points for an $8 deposit.  If you have a Business Platinum Card® and an American Express Business Checking Account linked to the same Membership Rewards Account, you can redeem points for a deposit at a rate of 1000 points for $10 for up to 1,000,000 points per calendar year, after which you may continue to redeem points at the standard rate. There is no minimum number of points needed to use Redeem for Deposits. American Express will deduct the number of points you select from your Membership Rewards Account and deposit a corresponding dollar amount into your checking account.  Generally, deposits will post to your account within 48 hours of redemption.  For more information, visit membershiprewards.com/terms.

 

Membership Rewards® Program

Terms and Conditions for the Membership Rewards® program apply. Visit membershiprewards.com/terms for more information. Participating partners and available rewards are subject to change without notice. The value of Membership Rewards® points varies according to how you choose to use them. To learn more, go to www.membershiprewards.com/pointsinfo.

 

 

Pricing & Fee Table: American Express ® Business Checking

 

  Annual Percentage Yield (APY)   1.1%1
  Monthly Account Maintenence Fee     No fee
  Account Opening   No fee 
  Additional Accounts   No fee
  Domestic Wire   Incoming: No fee/Outgoing $20
  Domestic ACH   No fee
  International ACH   Incoming: No fee
 Debit Card: MoneyPass ATM Withdrawals   No fee2
 Debit Card: Foreign Transaction Fee
(Foreign Purchases & ATM Transactions)
 2.7% of the amount of each transaction after conversion to US Dollars 
 Physical checks processing   No fee   
  Statement copy   No fee
  Checkbook (optional)   No Amex fee, 3rd party cost varies based on items ordered 3
  Mobile deposit capture4
  E-checks
  Outgoing returns & incoming returns
  Non-sufficient funds
  Stop pay
  Billing Inquiry
  Duplicate credit/debit received
  Late fees incurred
  Admin processing
  No Fee

 

 

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APY to be earned on account balances ≤ $500,000. No interest is earned on account balances over $500,000.
Withdrawals from ATMs outside of the MoneyPass® network may be subject to fees by the ATM owner and/or network.
3 Third-party vendor Harland Clarke provides checkbooks and determines pricing.
Some deposit types are not eligible for mobile deposit. See the Remote Check Deposit Addendum in your Business Checking Account Agreement for other terms, conditions, and limitations.