3 Min Read | Published: April 15, 2024 | Updated: November 5, 2024
How to instantly deposit your loan into your American Express® Business Checking account
With instant deposit, funds drawn from your American Express® Business Line of Credit are available within seconds when you select your American Express® Business Checking account for deposit.
The following guide will walk you through the process of depositing a loan from your Business Line of Credit into your Business Checking account.
Who can use instant deposit?
American Express customers can use instant deposit if they are approved for both American Express® Business Line of Credit and American Express® Business Checking, and both these accounts are in good standing.
After logging into your account there are a couple ways to start the process of taking loan.
- From your American Express Business Blueprint™ dashboard, click the “Take a loan” button, right below your welcome message,
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- Or from the Business Line of Credit home screen, click the “Fund my account” button under your available line of credit.
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When prompted to select a deposit location, choose your American Express® Business Checking account, identifiable by a green tag marked “Instant deposits.” By choosing this account and submitting your loan request, your funds will be available within seconds.
Please note that selecting a business checking account not affiliated with American Express will result in your funds being deposited within 1 to 3 business days.
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NOTE: If you don’t see your American Express® Business Checking account listed as a deposit location option, click “Link account.” Then click “Link bank accounts you’ve already linked to American Express” and select your Business Checking account.
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Once you’ve selected your Business Checking account as a deposit location, continue to take out your loan and sign your loan agreement.
What does “instant” mean?
“Instant” means that funds are typically available within seconds. However, the funds could take longer to post due to unexpected issues. Instant deposit is typically available 24/7 – even on weekends and holidays.
If your loan withdrawal was successful, you’ll see this success screen from which you can go to the Business Checking home page to access your funds.
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Ready for instant deposit but missing something?
Learn more about our Business Line of Credit and Business Checking solutions today:
Meet American Express® Business Line of Credit
American Express® Business Line of Credit offers line sizes from $2,000 to $250,000. Initial line sizes above $150,000 are only available to select borrowers who have a pre-existing American Express relationship and meet other criteria.
- Term length options
6-, 12-, 18-, or 24- month loan term options with a corresponding monthly fee. ‡ Additional term lengths may be available. - Pay for what you use
Pay a fee only on the amount you use, during the months you have an outstanding balance. ‡ - Flexible access
Use what you need when you need it – with no prepayment penalties.
Already a small business Card Member with American Express?
Sign in to see if you’re pre-approved.
Meet American Express® Business Checking
- No monthly maintenance fees¤
- 24/7 support – specialists are a click or call away
- Earn 1.30% APY‡ on balances up to $500k
- Membership Rewards® – Earn 1 Membership Rewards® point for every $2 you spend on an eligible purchase.‡
STILL NEED HELP?
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Deposit accounts offered by American Express National Bank. Member FDIC.
TERMS AND CONDITIONS
American Express Business Blueprint™
American Express Business Blueprint™ is the small businesses digital experience that allows a customer to view on one digital dashboard summary account information for the following American Express small business products: American Express® Business Cards, American Express® Business Line of Credit, and American Express® Business Checking. The customer can also choose to link their third-party issued business bank accounts and business credit cards to Business Blueprint. Not all third-party accounts or cards can be connected to Business Blueprint. Business Blueprint allows the customer to view data insights and track their business cash flow and expenses by viewing reports that American Express prepares using the customer’s linked account information. While the cash flow management service from Business Blueprint is currently free, each of the business products from American Express that are visible in Business Blueprint has its own fees, eligibility criteria, application process and approval requirements. The Business Blueprint service (including any data insights provided to the customer) does not constitute legal, tax, financial or accounting advice, and is not a substitute for obtaining competent personalized advice from a licensed professional. You should seek professional advice before making any decision that could affect the financial health of your business. American Express makes no representations as to the accuracy, completeness or timeliness of the reports, data or account information that are available to the customer from Business Blueprint.™
American Express® Business Line of Credit
American Express® Business Line of Credit offers access to a commercial line of credit ranging from $2,000 to $250,000, although some customers may have access to a larger line of credit. Decisions regarding the line of credit amount, loan fees and available installment term options are based on a review of your and your business’s overall financial profile, which may include your credit history, your relationship with American Express and other financial institutions, and other factors. The line of credit amount, loan fees, and installment term options are each subject to review and may change for future loan activity. A review of the line of credit may result in a suspension at any time, accompanied with or without a closure of the line of credit. Not all customers will be eligible for the lowest loan fees or all installment options, and not all industries are eligible. All loans are subject to credit approval, are secured by assets of the borrower, require a personal guarantee, and may be subject to late fees. Loans are issued by American Express National Bank.
Each draw on the line of credit results in a separate installment loan with monthly installments which may include 6, 12, 18, or 24 months, subject to eligibility. When you request a loan, you will be presented with the available installment option(s) and the monthly loan fee for that loan amount. The monthly loan fee is calculated as a percentage of the original principal amount of the loan and is charged monthly during the term of the loan along with a portion of the principal. Currently, the monthly loan fees may range from [0.55% to 1.55%] of the original principal amount, but the loan fee offered to you for future loans may change at any time. You will be charged monthly loan fees only for months in which the loan has an outstanding balance.
If you repay the total principal of a loan early, you will not be required to pay the loan fees that have not posted for subsequent months. American Express may offer promotions and may reduce or waive loan fees from time to time.
American Express® Business Checking
We are currently accepting applications from eligible U.S. businesses. Not all applicants will be approved for a Business Checking account. To learn more about Business Checking, including eligibility, visit https://www.americanexpress.com/en-us/business/checking/.
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
American Express and Amex are registered trademarks of American Express.