Overview
Amex Business Checking, at a glance.
Amex Business Checking is a bank headquartered in the United States, regulated by OCC (national bank), FDIC-insured. The business account has no monthly fee. Opening an account takes 3–5 days. The applicant or primary admin must be a US citizen or resident alien, the business needs a US street address, and every owner with 25% or more needs a Social Security number.
Deposit accounts are offered by American Express National Bank, a national bank supervised by the OCC and a member of the FDIC (certificate 27471): deposits are insured up to the standard limit.
Why businesses pick Amex Business Checking
- No monthly fee, no opening fee and no minimum balance
- 1.00% APY on balances up to $500,000
- Membership Rewards points on eligible debit card purchases
- Free ACH and incoming domestic wires
- Free withdrawals at Allpoint and MoneyPass ATMs, and 24/7 phone support
Watch out for
- No international wires in or out, and no SWIFT code
- US businesses only: the applicant must be a US citizen or resident alien
- Outgoing domestic wires cost $25 and Same Day ACH $10
- Card spending abroad costs 2.7%
- Money services, crypto, internet gambling, cannabis and financial services businesses are not accepted
Business fit
Will Amex Business Checking accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Amex Business Checking's published rules
Likely no
Amex Business Checking does not list United Kingdom among the countries where it accepts companies.
Amex Business Checking does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Amex Business Checking publishes about the businesses it takes on.
Who Amex Business Checking serves
- Startups and SMEs
- Freelancers
- Professional services
Not supported
Industries and countries Amex Business Checking does not accept, from its own published lists.
Industries
- Money service businesses
- Cryptocurrency
- Internet gambling businesses
- Marijuana related businesses
- Trusts, retirement or employee benefit plans
- Financial services companies
- Governmental entities
Countries
- Not published
Coverage
Where can you use Amex Business Checking?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USD
US dollar account. International ACH can be received; international wires are not offered.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United States
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Corporations and LLCs (single and multi-member), Partnerships, Unincorporated associations, Sole proprietorships
Pricing
What does Amex Business Checking cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
Amex Business Checking
$0 per month
$0 setup · $0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| ACH / local USD | Free | No charge |
| Local transfer from another bank | Free | No charge · Incoming domestic wire |
| Outgoing | ||
| SWIFT / international | Not published | International wires are not offered |
| ACH / local USD | Free | No charge · Standard ACH; Same Day ACH costs $10 |
| Local transfer to another bank | $25 | Fixed fee · Outgoing domestic wire |
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Card FX | 2.7% | Percentage of the amount · Purchases and ATM withdrawals abroad |
| ATM withdrawal | Free | No charge · Allpoint and MoneyPass ATMs in the US |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply online
Apply for Business Checking, Business Savings or both in one online application; Amex has no branches.
- 2
Business details
Give the EIN or TIN, the formation documents and a US business address.
- 3
Owner verification
Verify the applicant and every owner of 25% or more with ID and an SSN.
- 4
Fund the account
Fund the account within 120 days of approval; there is no minimum opening deposit.
Documents you need
- Employer Identification Number (EIN) or Taxpayer Identification Number (TIN)
- Articles of Organization or a Certificate of Formation
- Driver's License, State I.D. or Passport details for each owner
- SSN and ID verification for any beneficial owner with 25% or more
- DBA certificate if the business operates under more than one name
- A U.S. business address
- Information about your industry, size and the purpose of the account
FAQ
Your questions, answered.
Is Amex Business Checking a bank account?
Yes. Deposit accounts are offered by American Express National Bank, a national bank supervised by the OCC and a member of the FDIC (certificate 27471).
How much does Amex Business Checking cost?
There is no monthly fee, no opening fee and no minimum balance. Outgoing domestic wires cost $25 and Same Day ACH $10; standard ACH and incoming wires are free.
Can I send international wires?
No. The account sends and receives US dollars only and has no SWIFT code; international ACH can be received.
Who can open an account?
US businesses with a US street address, opened by a US citizen or resident alien; every owner of 25% or more needs an SSN. Corporations, LLCs, partnerships, unincorporated associations and sole proprietorships are accepted.
Alternatives
How Amex Business Checking compares.
If Amex Business Checking is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Amex Business CheckingThis pageBank |  | No monthly feeInterest-bearing |
 BluevineFintech company | | US business accountNon-residents accepted |
 RelayFintech company | | US business accountNon-residents accepted |
 NovoFintech company | | US business accountFree account |
 MercuryFintech company | | US business accountNon-residents accepted |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.