Top Benefits
- No monthly maintenance fees
- No minimum balance requirement
- Competitive APY on balances up to $500,000 (Annual Percentage Yield of 1.30% - Effective October 12th, 2022)
- Fee-free access to 70,000+ Allpoint® and MoneyPass® ATMs²
The American Express Business Checking mobile app enables business owners to manage transactions, deposit checks, and monitor spending on the go. Additionally, the account integrates seamlessly with other American Express services, making it a convenient option for existing Amex customers.
Membership Rewards® Points
Unique among business checking accounts, American Express Business Checking allows account holders to earn points on eligible debit card purchases. Points can be redeemed for travel, statement credits, or other rewards through the Amex Membership Rewards® program.
Terms apply.
Sign-Up Bonus
New customers can earn up to 30,000 Membership Rewards® points by completing qualifying activities.
Who Should Use This Business Checking?
This account is best suited for small business owners who:
- Want to earn interest on their checking balance
- Value Membership Rewards® points for business expenses
- Primarily operate digitally, without needing cash deposits
- Prefer a fee-free checking option without minimum balance requirements
How to Open an Account
Business owners can apply online with American Express by providing:
- A government-issued ID
- Business details (EIN, business address, structure, etc.)
- Proof of business ownership
Conclusion
American Express® Business Checking is an attractive option for digital-savvy business owners who want a no-fee, high-interest checking account with rewards perks. However, businesses that rely on cash deposits or frequent wire transfers may find its limitations restrictive. For those looking for a modern, rewards-driven business banking solution, Amex Business Checking stands out as a strong contender.