American Express Business Checking Bonus: 30,000 Membership Rewards® Points

American Express is offering 30,000 bonus points when you open a new business checking account and make qualifying transactions. This Amex checking account for businesses also earns a 1.30% APY and has no monthly fees.

Grab this business bank bonus today. See the promo details below!

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase Bank, SoFi, and Axos Bank.

Ninja Update 1/3/23: This is the last day to get 60,000 bonus points. The offer will likely revert back to 30,000 after today.

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What is American Express Business Checking?

American Express, a leading card issuer for small businesses, launched a new low-cost business checking account in 2021.

The American Express Business Checking account features a 1.30% APY for balances up to $500,000, the ability to connect with existing American Express credit cards, and a limited-time welcome bonus promo.

Amex Business Checking 30,000 Points Promo

Get 30,000 Membership Rewards points when you open an American Express Business Checking account and complete the following requirements:

• Deposit $5,000 within 20 days of opening an account
• Maintain an average account balance of $5,000 or more for 60 days
• Make 10 or more qualifying transactions within 60 days of opening an account

Qualifying transactions include mobile deposits, electronic or online transactions, ACH, wire, and bill payments. Transfers between business checking accounts held by the same business don’t qualify. Debit card transactions from the associated card and deposits of points into your checking account are not qualifying transactions.

Offer Details

Availability: Nationwide
Expiration: N/A
Household Limit: None
Direct Deposit Required: No
Soft/Hard Pull: Soft
Early Account Termination Fee: None

Account Fees (and how to avoid them)

Fortunately, this business checking account has no monthly service fees to worry about.

Bonus Terms & Conditions

• The first checking account opened by the business is the only checking account eligible for the 30,000 Membership Rewards points bonus.
• You are not eligible to earn a welcome offer for any accounts opened for a business that currently has or has had an American Express Business Checking account. 
• After you have completed all the requirements, the 30,000 Membership Rewards points will be deposited into your American Express account within 8-12 weeks.
• The Welcome Offer may be taxable income to you and may be reported on IRS Form 1099. You are responsible for any federal or state taxes resulting from the offer. Please consult your tax advisor if you have questions about the tax treatment of the Welcome Offer.

Offer FAQ

Can I open a business checking account without a business?

A lot of people think they can’t open a business bank account because they don’t have an Employer Identification Number (EIN). That’s simply not true.

Many small businesses are run by individuals. Do you sell on eBay, blog online, or have a side hustle? Then you have a business.

So when you open a business bank account like this American Express business checking account, just use your Social Security number during the application process along with your DBA (doing business as) name.

How much does it cost to open this business checking account?

There is no cost to open an American Express Business Checking account, and there are no monthly minimum balance requirements or maintenance fees.

You can find a full list of other applicable rates and fees here.

What are the benefits of the American Express Business Checking account?

American Express Business Checking offers benefits for businesses such as:

• 1.3% APY on balances up to $500k
• No monthly account maintenance fees
• No minimum balance requirement
• Personalized customer service with real, live people
• Use your business debit card for purchases, ATM cash withdrawals and balance inquiries

The Bottom Line

It’s extremely rare to find a business checking account that has a juicy welcome bonus, no monthly service fees, and offers a high interest rate.

The welcome bonus originally launched with a $300 bonus which has now been changed to 30,000 Membership Rewards points. IMHO, this is a better deal as 30,000 Membership Rewards points are worth at least $450.

If I didn’t already open this under the $300 deal, I’d definitely sign up for this one. It’s been one of my primary checking accounts for my business because of its interest rate. I also like the free incoming wire transfer (my previous bank charges for both incoming and outgoing wires).

For those who have a lot of cash sitting in their business accounts, note that American Express allows opening additional accounts – up to 10 accounts per business. Each one earns 1.30% APY on balances up to $500,000 so you can max out at $5 million.

There are several other good bonuses for business checking accounts including a $300 one from Chase, a $400 offer from U.S. Bank, and a $200 bonus from Axos Bank.

I’ve added this Amex business checking offer to the list of the best bank bonuses.