Terms and Conditions

¹No Monthly Account Fees and No Minimum Balance Requirements

No minimum balance is required to open an account or earn interest, and no minimum balance fees are charged for Rewards Checking Accounts. Inactive and/or unfunded accounts may be subject to closure. Please see the Consumer Deposit Account Agreement and Rewards Checking Schedule at americanexpress.com/rewardscheckingterms for further details.

²Annual Percentage Yield (APY)

The Annual Percentage Yield (APY) as advertised is accurate as of 8/3/2026. APY is subject to change at any time without notice before and after a Rewards Checking Account is opened. Please see the Consumer Deposit Account Agreement and Rewards Checking Schedule for additional terms. Transaction fees may reduce APY. APY rate compared to national deposit rate from the FDIC's published Monthly Rate Information for Interest Checking deposit products. FDIC national rate is calculated as the simple average of interest rates paid by US FDIC-insured depository institutions and branches for which data is available. This national deposit rate reflects APY paid on a variety of interest-bearing checking accounts with terms, services and limitations that may differ. See the FDIC Website for details.

³Membership Rewards^® Program for Checking and Debit

When you open an American Express^® Rewards Checking Account you will also receive a Membership Rewards^® Account (a Rewards Account), in which you will earn one Membership Rewards point for every two dollars of eligible Debit Card purchases. Eligible Debit Card purchases are purchases of goods or services, minus returns and other credits, for anything except: cash withdrawals, cash equivalents, person-to-person transactions, purchases of traveler’s checks, American Express Gift Cards bought online, purchases or reloading of prepaid cards, and foreign exchange fees and fees for account services. You can redeem Membership Rewards points for a deposit into your checking account. Visit membershiprewards.com/pointsinfo to learn what other redemption options may 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

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 membershiprewards.com/pointsinfo.

⁴American Express^® App

The American Express^® App and app features are available only for eligible accounts in the United States. American Express^® prepaid Cards and Cards issued by non-American Express issuers are not eligible.

To log in, customers must have an American Express user ID and password or create one in the app.

⁵Membership Rewards^® Program - Redeem for Deposits

You may redeem Membership Rewards^® points for deposits into your American Express^® Rewards Checking Account. To learn more about the redemption value for Redeem for Deposits, go to membershiprewards.com/pointsinfo. American Express will deduct the number of points you select from your Membership Rewards Account and deposit a corresponding dollar amount into your Rewards Checking account. Generally, deposits will post to your account within 48 hours of redemption. For more information, visit membershiprewards.com/terms.

⁶Mobile Check Deposit

Mobile Check Deposit is subject to deposit limits and other restrictions, which may change in the future. Please see our Mobile Check Deposit Agreement (go.amex/mcdterms) for limits and other restrictions. This agreement may be accessed prior to your use of this service. Please see the Rewards Checking Schedule (go.amex/checkingschedule) for information about when funds deposited through Mobile Check Deposit are made available. Mobile data rates may apply.

⁷Digital Wallet

Digital wallets are Apple Pay^® and Google Pay™.

⁸Zelle

Enrollment in Zelle^® with a Rewards Checking account is required to use the service. To send or receive money at American Express, both parties must be enrolled with Zelle^® directly through their U.S.-based financial institution’s online or mobile banking experience. Transactions between enrolled consumers typically occur in minutes. Select transactions could take up to 3 business days.

Zelle^® and the Zelle^® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

⁹Debit Card

Your Debit Card can be used for purchases online or in-store. In certain instances, your Debit Card may not be recognized as eligible for purchases, services or features that require a debit card.

¹⁰Zero Liability Fraud Protection

Zero Liability Fraud Protection does not include charges made by users who you allow to use your Debit Card. You are responsible for notifying American Express promptly upon learning of an unauthorized transaction against your accounts or the loss or theft of your Debit Card or Debit Card number. Limitations apply. See the Consumer Deposit Account Agreement and Rewards Checking Schedule at americanexpress.com/rewardscheckingterms. Learn how we secure your payments at americanexpress.com/us/security-center/.

¹¹ATM Withdrawals

At Allpoint^® and MoneyPass^® locations in the U.S., you can withdraw cash and get account information with no fee. Access to ATMs outside of the Allpoint^® and MoneyPass^® network are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Rewards Checking account at this time. Visit americanexpress.com/rewardscheckingterms for more information and americanexpress.com/rewardscheckingfeefreeatm/ to find participating ATMs in the U.S.

¹²Contactless Payments

Contactless payments are accepted at participating merchants only.

¹³Wire Transfers

If we receive a completed Incoming Wire Transfer of funds (in U.S. dollars) that includes proper identification of your Account by 6:45pm ET on a Business Day, we will consider that to be the Business Day of your deposit. Funds from Incoming Wire Transfers received by 6:45pm ET will generally be available for withdrawal on that Business Day. Funds from Incoming Wire Transfers received after 6:45pm ET will generally be available for withdrawal on the next Business Day. A $20 fee will apply to all outgoing wire transfers from an American Express Rewards Checking Account. Outgoing wire transfers are subject to a $500,000 daily limit per account. Additional terms apply to outgoing wire transfers.