Slickdeals is community-supported.  We may get paid by brands or deals, including promoted items.
Frontpage Advertiser Disclosure

Amex Cardholders: Open Eligible Checking Account + $500 Direct Deposit & Get

$250 Bonus
+94 Deal Score
80,408 Views
American Express is offering Eligible American Express Card Members:  $250 Bonus (deposited to your account) when you open an American Express Rewards Checking account by October 31 and Receive a Qualifying Direct Deposit of $500 or More.

Thanks to Community Member gjpzee for finding this deal.

Details:
  • Offer valid for Card Members with a U.S. Basic Consumer Card issued by American Express National Bank with 3+ months tenure.
  • Offer not valid for American Express Business Checking customers.
  • Open a new checking account by October 31.
  • Receive a qualifying direct deposit of $500 or more by December 10.

Editor's Notes & Price Research

Written by
  • About this Offer:
    • Earn a Welcome Bonus of $250 deposited into a new American Express Rewards Checking account after you do each of the following:
      • Open an American Express Rewards Checking Account in your name by October 31, 2023.
      • Have a Qualifying Direct Deposit posted to your American Express Rewards Checking Account by December 10, 2023.
    • After you have completed the above, American Express will deposit your Welcome Bonus into your Rewards Check Account within 8-12 weeks.
  • Refer to the forum thread for additional deal discussion.

Original Post

Written by
Edited September 14, 2023 at 07:45 AM by
Earn $250 after you open an American Express Rewards Checking account by October 31 and receive a qualifying direct deposit of $500 or more by December 10

Earn a competitive 1.00% APY 2 – 10X higher than the national rate

No fee to open, no monthly fees, and no minimum balance required

Earn Membership Rewards points on eligible Debit Card purchases.

Note - Only applications from Card Members with a U.S. Basic Consumer Card issued by American Express National Bank with 3+ months tenure will be accepted.

https://www.americanexpress.com/e...g-account/
Add Comment
Created 09-14-2023 at 07:39 AM by gjpzee
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+94
80,408 Views
$250 Bonus
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Your comment cannot be blank.

Featured Comments

This is an easy $250, but the ACH deposit needing to be from employer or government kind of sucks. My employer only allows for my entire check to be moved through a direct deposit request and not just a portion
Should highlight that this is only for existing Amex card holders,
Having trouble changing my DD to this account with my employer. "Routing number does not exist in the system."

Sign up for a Slickdeals account to remove this ad.

Joined Apr 2014
L1: Learner
> bubble2 15 Posts
18 Reputation
JoshRW
09-14-2023 at 07:42 AM.
09-14-2023 at 07:42 AM.
https://www.americanexpress.com/e...g-account/

Applying for an American Express Rewards Checking account can be completed in minutes. We are currently accepting applications from Card Members with a U.S. Basic Consumer Card issued by American Express National Bank with 3+ months tenure. Current and prior American Express Business Checking customers are not eligible to apply at this time.

Submitted applications will be reviewed promptly, with decisions usually provided within minutes.

Welcome Bonus Terms
Earn a Welcome Bonus of $250 deposited into a new American Express Rewards Checking account after you do each of the following:
Open an American Express Rewards Checking Account in your name by October 31, 2023.
Have a Qualifying Direct Deposit posted to your American Express Rewards Checking Account by December 10, 2023.
After you have completed the above, American Express will deposit your Welcome Bonus into your Rewards Check Account within 8-12 weeks.

A Qualifying Direct Deposit is a single ACH transfer of $500 or more from an employer or the government for a paycheck, pension, government benefit (such as Social Security), or tax refund. The following are not Qualifying Direct Deposits: person to person transfers (P2P), demand deposit account to demand deposit account transfers (for example, from a checking account to another checking account), and deposits or ACH transfers not from an employer or the government (for example, online transfers or bank transfers).

You are not eligible for the Welcome Bonus if you have an existing Rewards Checking Account. Each individual customer may only have one Rewards Checking Account. You must keep your account open and in good standing until we award you your welcome Bonus. If your account is closed for any reason prior to such time, including being closed by us, you will not be eligible for the Welcome Bonus. If we determine, in our sole discretion, that you have violated the Rewards Checking Account Terms or have engaged in abuse, misuse, or gaming in connection with your account, we may determine that you are not eligible for the Welcome Bonus. In such circumstance, we may rescind or decline to award you the Welcome Bonus.

Your Welcome Bonus 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 Welcome Bonus. Please consult your tax advisor if you have questions about the tax treatment of the Welcome Bonus. Your Welcome Bonus may not be transferred, sold, traded, or combined with other Welcome Bonuses. You are only eligible for one Welcome Bonus. Limit one Welcome Bonus per American Express Rewards Checking Account. American Express reserves the right to modify or revoke this Welcome Bonus offer at any time without notice.

You can access these bonus terms by visiting http://www.americanexpress.com/us...terms2023/

Welcome Bonus offered by American Express National Bank, Member FDIC.
Annual Percentage Yield (APY)
The Annual Percentage Yield (APY) as advertised is accurate as of 9/14/2023. APY is subject to change at any time without notice before and after a Rewards Checking Account is opened. Please see the Rewards Checking Account Terms for additional terms and Truth-in-Savings disclosures. Transaction fees may reduce APY. APY rate compared to national deposit rate from the FDIC's published Monthly Rate Information for Interest Checking deposit products. FDIC national rate is calculated as the simple average of interest rates paid by US FDIC-insured depository institutions and branches for which data is available. This national deposit rate reflects APY paid on a variety of interest-bearing checking accounts with terms, services and limitations that may differ. See the FDIC Website for details.
3
1
Like
Funny
>
Helpful
Not helpful
Reply
Last edited by JoshRW September 14, 2023 at 08:11 AM.
Joined Jan 2018
L2: Beginner
> bubble2 71 Posts
18 Reputation
furiousfuria
09-14-2023 at 08:40 AM.
09-14-2023 at 08:40 AM.
This is an easy $250, but the ACH deposit needing to be from employer or government kind of sucks. My employer only allows for my entire check to be moved through a direct deposit request and not just a portion
8
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jan 2010
L3: Novice
> bubble2 264 Posts
133 Reputation
inFTW
09-14-2023 at 08:50 AM.
09-14-2023 at 08:50 AM.
OP, suggest adding $250 promo to the title. Not sure if YMMV since it's posted directly on the website:
https://www.americanexpress.com/e...g-account/
5
1
Like