Last Updated: 04/18/2025
American Express Business Checking Account
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Last Updated: 04/18/2025
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Highlights
Monthly Service Fee
$0(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
N/A
Minimum Average Balance to Avoid Monthly Service Fee
$0
APY (Annual Percentage Yield)
1.30%(Verified 06/21/2024)
American Express Business Checking Account Review
American Express Business Checking Account is offered by American Express® National Bank, a bank founded in 1850 and based in New York, NY. American Express Business Checking Account is available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Earn 30,000 Membership Rewards® points after you Deposit a total of $5,000 or more in eligible deposits within 30 days of opening your first account,AND Maintain an average account balance of $5,000 for the next 60 days, AND Make 5 or more qualifying transactions within 60 days of opening your account. Earn 1 Membership Rewards point for every $2 you spend on an eligible Business Debit Card purchase.
- Up to 1.30% annual percentage yield (APY). This account offers an annual percentage yield of up to 1.30%, which is much higher than the average for the checking accounts that we track
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. American Express Business Checking Account does not charge fees on ATM transactions .
American Express Business Checking Account Pros & Cons
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American Express Business Checking Account FAQ
Are business checking accounts from American Express® National Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does American Express Business Checking Account offer?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 1.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
American Express Business Checking Account offers an APY of 1.30% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What are the account minimums for American Express Business Checking Account?
American Express Business Checking Account does not require a minimum initial deposit.
| Description | Amount |
| Minimum Initial Deposit | $0.00 |
What fees does American Express Business Checking Account charge?
The good news is that this account does not have a monthly service charge.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does American Express Business Checking Account offer?
This account includes the following features:
- Mobile Banking Services - American Express Business Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Contact
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Hours of Operation
Sunday
7:00AM - 12:00AM
Monday
7:00AM - 12:00AM
Tuesday
7:00AM - 12:00AM
Wednesday
7:00AM - 12:00AM
Thursday
7:00AM - 12:00AM
Friday
7:00AM - 12:00AM
Saturday
7:00AM - 12:00AM