American Express
American Express Business Checking
By Alex Compton · Last verified
No-fee business checking that earns Membership Rewards
Insurance: FDIC insured up to $250,000 (American Express National Bank)
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-09-04 | 1.30% on balances up to $500,000; no interest above $500,000 | $0 | None | American Express Business Checking rates, fees, and offer terms →Reconfirmed APY, fees, ATM access, cash-deposit limitation, wire pricing, and the current 30,000-point welcome offer |
| 2026-06-11 | 1.3% on balances up to $500,000 | $0 | None | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Reconfirmed 1.30% APY through ,000 and added wire, foreign-transaction, ATM cash-deposit, and 30,000-point offer details
Fields: features, cons, termHistory, lastVerified
American Express Business Checking rates, fees, and offer terms → - confirmed
Correction to prior summary: 1.30% APY applies through $500,000; wire, foreign-transaction, ATM cash-deposit, and 30,000-point offer details confirmed
Fields: summary
American Express Business Checking rates, fees, and offer terms →
Features
- ▸1.3% APY on balances up to $500k with no activity hurdles
- ▸Earn 1 Membership Rewards point per $2 of eligible debit card spend
- ▸Redeem MR points as deposits back into the account
- ▸No monthly fee, no minimum balance, no overdraft fees
- ▸24/7 live phone support from Amex
- ▸Free standard ACH and mobile check deposit
- ▸$25 outgoing domestic wires; incoming domestic wires are free
- ▸30,000-point welcome offer after $5,000 in eligible deposits, a 60-day balance hold, and five qualifying transactions
- ▸QuickBooks integration
Pros
- +Interest plus Membership Rewards on debit spend, a unique combination
- +Genuinely free with no waiver gymnastics
- +Amex service quality and 24/7 live support
- +Strong fit for businesses already in the Amex card ecosystem
Cons
- −No cash deposits at all
- −No joint or multi-owner accounts
- −No outgoing international wires
- −2.7% foreign transaction fee on debit purchases and ATM withdrawals
- −No physical branches
Our Take
Amex Business Checking is the cleanest no-fee account from a household name: 1.3% on up to half a million dollars with zero hurdles, plus Membership Rewards on debit spend that no competitor matches. The catch is operational: no cash deposits and no international wires rule it out as a sole account for plenty of businesses. As a primary account for a digital-first business already holding Amex cards, it is excellent.
Best for: Digital-first businesses in the Amex ecosystem that never touch cash
Open at American Express →Last verified 2026-09-04
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