American Express Business Checking Available to All Small Businesses
Today, American Express announced that American Express Business Checking is now available to any eligible U.S. small business, offering a digital banking experience with no monthly fees, 24/7 service, and the ability to earn and redeem Membership Rewards® points for select travel and for deposits directly into their Business Checking account.
American Express Business Checking originally launched in October 2021 and has been available to existing U.S. American Express Card Members. This is the first business banking product offered by American Express that allows customers to earn and redeem Membership Rewards points. Customers can get increased value from their American Express Business Checking account through Membership Rewards as well.
“Cash flow is critical for small businesses and American Express Business Checking is designed to support the daily money management that businesses need, plus an on-the-go banking experience that not only matches the way they work, but rewards them for it,” said Gina Taylor, Executive Vice President and General Manager of Business Blueprint and Banking at American Express. “We’re backing small businesses even more by rewarding them for doing something that’s core to the health of their business: banking.”
Checking account holders can redeem Membership Rewards points for travel with participating partners like Delta, Hilton, and Marriott Bonvoy, or choose to make deposits directly into their American Express Business Checking account.
American Express Business Checking is branchless, so business owners can manage their bank account on their own time with digital tools for on-the-go banking, including:
- No monthly fees or minimum balance requirements
- The ability to earn 1.30% APY on balances up to $500,000
- Customers can oversee their accounts
- Make mobile check deposits
- Pay vendors and bills
- Access 24/7 support– anytime, anywhere online or via phone.
- Customers can also link their Business Checking account and American Express Business Cards to QuickBooks in one simple step to view their accounts and transactions.
The American Express Business Checking account also has a great signup bonus right now. Available from November 1, 2023, to December 12, 2023 at 11:59pm EST, eligible customers can earn 50,000 Membership Rewards points after successfully opening a new American Express Business Checking account and completing qualifying activities. There’s also a targeted combo offer that gets you a total of 220,000 Membership Rewards points when you also apply for The Business Platinum Card from American Express.