Link Your External Bank Account 

Follow these simple steps to link your American Express Savings account to your external bank account.




  STEP 1: Set Up External Account

You may have already performed this step during your application process, in which case you should proceed to STEP 2 below. Please note, the linked external account must be a personal account with the same ownership as your Savings account (business accounts are not eligible to be linked). We may close a Savings account if it is used for business or commercial purposes.

To link a new external bank account once your Savings account is active:

  1. Log in to your Savings account at
  2. Click on the Transfers tab and then click View Your Pending Linked Bank Accounts in the dropdown menu.
  3. You will see a button to Link a New Account.
  4. You will need to input your external Bank Routing Number and Account Number on the following page - and you have an opportunity to Create an Account Nickname to better identify the accounts in your Profile (Tip: do not use the same nickname as used on your Savings account).
Step 1



  STEP 2: Retrieve Your Test Deposits


Test deposits are not immediate, but should be available within 1 business day after initiating the account linkage.


Log into or call the external bank with the checking or savings account you are trying to link to, and identify and write down the exact dollar amounts of the two small test deposits that will be labeled AXP TEST (both less than $1.00).


Write down your two amounts :

TEST Deposit 1: $0.______

TEST Deposit 2: $0.______





     Here's a sample statement with test deposits highlighted:

Step 2



  STEP 3: Verify Your Test Deposits


Now you must verify the test deposits in your Savings account to complete the account linkage:

  1. Log in to your Savings account at
  2. Click on the Transfers tab, and then click View Pending Linked Accounts in the dropdown menu.
  3. Select the corresponding Account Name and click Verify.
  4. Enter the two test deposit amounts that you obtained from your external bank and click Submit (Tip: only input the numeric value of the test deposit after the decimal, do not input $ or decimal point in the box).




Step 3



You're All Set!


You can now easily make electronic deposits and withdrawals at your convenience.


If you initiated your account linkage in your application process, at this point the initial deposit amount you entered on your application is automatically transferred from your external account to your Savings account.


If you initiated your account linkage after your account was active, you are now able to transfer funds between your Savings account and your external bank account by clicking on the Transfers tab.






Step 4

Link An External Account




Accounts offered by American

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

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*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.


†You are generally permitted to make up to nine (9) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. However, please note that there are strict rules for withdrawing money from an IRA plan (including an IRA High Yield Savings Account) before retirement age without incurring a penalty. Read More in FAQs.


‡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 for more information. We recommend you consult with a financial or tax advisor when making contributions to and distributions from an IRA plan account.