Overview
Although its credit card services are well-known, American Express’s Business Checking Account is revolutionary for small businesses. This account is more than simply a place to keep money; with many features to suit contemporary businesses’ demands, it’s a financial tool that can expand your company.
Introduction to American Express Business Checking
Unlike other conventional business banking options, the American Express Business Checking Account has a special set of advantages. It is designed to provide companies with points, offer strong support, and do away with pointless costs.
American Express Business Checking Key Features and Benefits
Rewarding Your Business
Welcome Offer: After completing the required activities, get 30,000 Membership Rewards® points.
No Monthly Maintenance Fees: Bid farewell to pointless bank charges.
Round-the-clock Support: Get in touch with experts whenever you need help.
High Yield on Your Balance
Annual Percentage Yield (APY): On balances up to $500,000, the account pays a competitive 1.30% APY.
No Monthly Fees: The account is not subject to any monthly maintenance fees.
Membership Rewards® Points: When using an approved business debit card, you can accrue Membership Rewards® points.
Welcome Bonus: After fulfilling specific requirements, you may be eligible to receive a welcome bonus, such as 30,000 Membership Rewards® Points.
Customer Service: Account holders can contact American Express customer service at any time, day or night.
ATM Access: There are over 70,000 free Allpoint and MoneyPass ATMs in the United States.
Easy Account Management
Digital Banking: Access your account information online without going to a branch.
smartphone Deposits: Use the smartphone app to conveniently deposit checks.
Integration: Easily incorporate with the accounting program you use.
American Express business checking”How It Works”
With several features and perks, the American Express Business Checking account is made to meet the needs of businesses. This is how it operates:
Key Features:
Welcome Offer: After completing eligible activities, get 30,000 Membership Rewards® points.
No Monthly Maintenance Fees: Bid farewell to ongoing expenses that deplete your earnings each month.
Round-the-clock Support: Get in touch with experts whenever you need help.
Competitive Annual Percentage Yield: Get 1.30% APR on sums up to $500,000.
How to Get Started:
Apply for an Account: The American Express website allows you to apply for a business checking account.
Make Eligible Deposits: Within 30 days of opening your account, make eligible deposits totaling $5,000 or more.
Maintain a Balance: For the next sixty days, aim to keep your account balance at $5,000 on average.
Complete Qualifying Transactions: Within 60 days of opening your account, complete five or more qualifying transactions.
Additional Benefits:
Earn Points: For every $2 spent on qualified Business Debit Card purchases, earn one Membership Rewards point.
Redeem Points: You can deposit points into your bank account or transfer them to specific travel partners, such as Marriott, Hilton, and Delta.
Digital Banking Experience:
Fully Digital: No physical branches are required; manage your account online.
Mobile App: To manage your account on iOS and Android smartphones, download the American Express Business BlueprintTM app.
Mobile Deposits: Use your mobile device to conveniently deposit checks.
Limitations:
No Cash Deposits: Cash deposits are not supported by this account.
No Outgoing International Wire Transfers: The account does not support this service.
Conclusion
The American Express Business Checking Account serves as a strategic business partner in addition to being a checking account. It is made to help your company’s expansion and financial stability with its rewards program, high yield on balances, and digital ease.
FAQ
How can my Business Checking Account earn me Membership Rewards® points? Every eligible transaction made with your Business Debit Card earns you points, which you may then exchange for a variety of benefits.
Is there a minimum amount needed to maintain the Business Checking Account opens? No, there isn’t a minimum balance requirement, therefore companies of all sizes can use it.
Is it possible to book travel using my Membership Rewards® points? It is possible to transfer your points to certain travel partners, such as Marriott, Hilton, and Delta.