American Express Business Checking

American Express Business Checking  
Offered by: American Express
28 reviews   Write a Review!
Your Rating: Excellent
Info about the American Express Business Checking has been collected by WalletHub to help consumers better compare checking accounts. The financial institution did not provide the details.
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American Express Business Checking Rates

Range
$1 - $500,000
$500,001+
Interest Rate
1.30%
0.00%
APY
1.30%
0.00%
  • MINIMUM TO OPEN None

American Express Business Checking Fees

  • MONTHLY FEE None
  • MIN BALANCE TO AVOID MONTHLY FEE N/A
  • OTHER WAYS TO AVOID MONTHLY FEE N/A
  • PAPER STATEMENT
    FEE
    Info Not Found
  • OVERDRAFT FEE None
  • NEGATIVE ACCOUNT BALANCE FEE Info Not Found

American Express Business Checking ATM & Debit Card Usage

  • IN-NETWORK ATM TRANSACTION FEE None
  • ATM NETWORK SIZE 37000 ATMs
  • OUT-OF-NETWORK ATM TRANSACTION FEE None
  • REBATE OF ATM OWNER SURCHARGE Not Offered
  • FOREIGN ATM FEE 2.7%
  • DEBIT CARD Y
  • DEBIT CARD FOREIGN TRANSACTION FEE 2.7%

American Express Business Checking Additional Info

  • REWARDS No
  • ONLINE BILL PAY FEE $0 per month
  • ADDITIONAL REQUIREMENTS In order to open American Express® Business Checking, you will need: Your EIN or TIN; Your Articles of Organization or a Certificate of Formation; Information from a Driver’s License, State I.D., or Passport for each owner; A SSN and ID verification for any Beneficial Owner with ownership of 25% or more; A “Doing Business As” (DBA) certificate only if your business operates under more than one name; A U.S. business address; AND Information about your industry, size, and the purpose of your account.
  • Earn 30,000 Membership Rewards® points after qualifying activities:
  • (a) Make an eligible deposit of $5,000 [or more] within 20 days of opening your first account, AND
  • (b) Maintain an average account balance of $5,000 for 60 days, AND
  • (c) Make 10 or more qualifying transactions within 60 days of opening your account.
  • 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.
  • All Business Checking accounts come with an American Express® Business Debit Card. Earn 1 Membership Rewards® point for every $2 spent on eligible Business Debit Card purchases.
  • 1.3% APY on balances up to $500k. No interest is earned on account balances over $500,000
  • No monthly account maintenance fees
  • No minimum balance requirement
  • With 37,000 MoneyPass® ATMs nationwide, you can enjoy fee-free withdrawals at locations near you

American Express Business Checking Interest Rate Tracker

The graph above is based on WalletHub data. Actual rates may vary. For time periods with multiple applicable rates in our database, based on different criteria, the above graph reflects the lowest interest rate recorded. Before submitting an application, always verify the rates, fees, and all terms and conditions with the respective financial institution.

Customer Questions and Answers

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American Express Business Checking Reviews

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3.1
Overall Rating: 3.1 / 5
Total Ratings: 28
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