How do I make a deposit via check?

You may deposit checks by mail. If you write a check from your account at another bank, make the check payable to American Express National Bank and write your Savings account number on the memo line. If you send us a check made payable to you, please endorse it on the back with your signature and, below your signature, write “For Deposit Only in Account” followed by your Savings account number. Mail checks to:

American Express National Bank
P.O. Box 30384
Salt Lake City, Utah 84130

Deposits made by check are accepted at our sole discretion. We reserve the right to refuse, return, or limit any deposit you make to your account. Examples of the types of items we do not accept for deposit include multiple-endorsed checks, counter checks, starter checks, travelers' checks, and money orders.

We may return a check to you if it does not meet these requirements:

  • The check is not payable to American Express National Bank or to you.
  • You do not provide us with instructions indicating the account to which the check should be credited. You can do this by writing your account number on the memo line of the check. (You do not need to use deposit slips, although we can provide them on request)
  • We do not accept the type of item for deposit.
  • The check, if made payable to you, is not endorsed or is endorsed improperly. (Please do not endorse checks made payable to American Express National Bank.)
  • The check is not signed and dated.

 

 

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Account Security

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Terms & Conditions

 

 

Accounts offered by American

Express National Bank. Member FDIC. Each depositor is insured to at least $250,000.

Learn More from FDIC.gov

*The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.

 

For a CD account, rates are subject to change at any time without notice before the account is opened. Your rate will be fixed on the business day‡ we receive your completed application, provided we receive your deposit within 30 days after your application is approved. After a CD is opened, additional deposits to the account are not permitted. Early CD withdrawals may be subject to significant penalties which could cause you to lose some of your principal. Please see the Deposit Account Agreement for additional terms and conditions and Truth-in-Savings disclosures.

 

**The national rate referenced is from the FDIC's published Monthly Rate Cap Information for Savings deposit products. Visit the FDIC website for details.

 

‡For purposes of transferring funds, business days are Monday through Friday, excluding holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin to be processed on the next business day.

 

♢Calculations are estimates of expected interest earned. Actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. The first recurring deposit is assumed to begin in the second period after any initial deposit.

 

§IRA Contributions are subject to aggregate annual limits across all IRA plans held at American Express or other institutions. IRA distributions may be taxed and subject to penalties based on IRS guidelines. Required minimum distribution, if applicable, is only relevant to this IRA plan and does not take into consideration other IRA plans held at American Express or other institutions. Please see IRS.gov for more information. We recommend you consult with a financial or tax advisor when making contributions to and distributions from an IRA plan account.