Here is what you need to know about unlocking American Express’s small business perks.
Intro
Hello, readers! You are about to go on an inclusive process of reviewing American Express’s business checking accounts covers. Let’s see what Amex has for your small business.
The Amex Business Checking Suite
The diversified structure of small businesses allows Amex to offer a wide variety of accounts, each with their own features and benefits. Amex offers a set of curated business checking accounts which puts in check the requirements of small businesses.
Blue Business Cash™ Everyday Account
This account fits business day to day activities perfectly. Get unlimited 2% cash back for purchases up to $50,000 every year and 1% afterwards. Get unlimited domestic wire transfers and up to 50 complimentary checks every month.
Business Checking
This account caters towards businesses that operate at a larger scale. The account comes with domestic wire transfers alongside earning interest on balances. Get access to Amexs comprehensive business tools suite as well.
Benefits and Drawbacks:
Rewards on business purchases, in the form of cash back or rewards points, can be earned on every transaction.
Business Tools
Utilize Amex’s proprietary tools for businesses like expense tracking, invoicing, and payroll.
Network of ATMs:
Business spending transactions like withdrawals or deposits can easily be done with the wide access to ATMs.
Some accounts are free of charges for certain services, while others have fees for particular transactions. Always read the terms to not incur additional charges.
Generally, customer reviews on Amex Business Checking seem favorable as many businesses value the rewards offered, additional business tools, and the friendly customer service. On the other hand, some customers raised concerns over the possible fees and limits on accounts.
| Property | Blue Business Cash™ Everyday Account | Business Checking | High Yield Savings Account | |
|---|---|---|---|---|
| Cashback | 2 % up to 50,000 | |||
| Percentage Of Interest | N/A | Variable | Variable | |
| Wired Transfers Within Country | Unlimited | Unlimited | ||
| No Charge For Checks | Up to 50 per month | |||
| Business Tools | Basic | Robust |
Final Thoughts:
It’s essential to choose an American Express® Business Checking account that best fits your needs. Review the advantages and disadvantages, analyze the expenditures of your business, and read what customers have to say. For further analyses and feedback, do review our business checking accounts and other services articles.
Questions Related to Amex Business Checking Reviews
What are the American Express Business Checking strengths and weaknesses?
- Strengths:
- No monthly service fees or balance maintanence
- Good rewards interest rates
- Very good rewards program
- Mobile application with remote deposit functionality
- Weaknesses:
- Relatively few locations
- Some transactions incur fees
- High fees for ATM withdrawals when compared to other banks.
Can Amex Business Checking fit for my business?
Amex Business Checking may be right for you if you operate a business with a mobile app, no monthly fee, and excelling rewards. However, this may not be the best choice if you need a bank open in multiple locations or with lower fees for ATM withdrawals.
Where do I go to apply for Amex Business Checking?
You can go to their page and apply for Amex Business Checking, or you may use the phone and call the customer service at 1-800-449-0695
You will be required to note down your EIN, business address, and your contact information.
Which documents are necessary to my Amex business checking account?
These documents will be needed from you:
* Government issued ID that is valid
* Your EIN
* Business registered documents
* Financial records
What costs Amex Business Checking refers to?
Amex Business Checking has no monthly fees for maintenance and balance. However, some fees do apply for certain withdrawals, ATM’s, and wire transfers.
In what ways are points earned with Amex Business Checking?
Every time you use a point debit card Amex business checking, points are earned automatically on all purchases. Points are available for use towards travel, merchandise, and gift cards.
How much is Amex Business Checking interest rate charge?
0.05% APY is an amount charged as interest on Amex Business Checking.
How do U access your Amex Business Checking account?
Through the website, by calling or by the mobile application you can access your account.
What do I do if I have an issue using my Amex Business Checking account?
You can use the Amex hotline or send an email or start a chat to reach customer service.
What is the procedure to closing your Amex Business Checking accounts?
To close your account, you can contact Amex by telephone or through a local branch.