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Today: Jun 13, 2024

2024 American Express Business Checking: Top-Notch & Industry-Approved!

1 min read



Key Points:

  • American Express Business Checking is a great option for eligible U.S. small businesses.
  • The account offers no monthly bank maintenance fees, 24/7 customer support, and the ability to earn rewards.

American Express Business Checking is an online-only bank that offers a range of banking products for small businesses, including bank accounts, credit cards, and personal loans. The bank has access to 37,000 free ATMs through the MoneyPass network and offers a free cash-flow management app called American Express Business Blueprint. Customer support is available 24/7 by phone.

It is important to note that American Express has faced some controversy, including a recent settlement with the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) over accusations of processing transactions linked to illegal drug distribution and money laundering.

American Express Business Checking is a good option for small businesses looking for a free checking account with no minimum balance requirements. The account offers unlimited fee-free transactions and the ability to earn rewards. To be eligible for the ongoing bonus, customers must deposit $5,000 or more within the first 30 days, maintain an average daily balance of $5,000 or more 60 days after reaching the initial balance, and make five or more qualifying transactions within the first 60 days of opening the account.

In comparison to other banks, American Express Business Checking may be preferable for Amex credit card customers or those specifically seeking a business checking account. The account also offers a higher interest rate compared to some competitors.

Overall, American Express Business Checking is a reliable option for small businesses, but customers should be aware of any potential controversies and weigh their options against other banks.