Amex Cardholders: Open Eligible Checking Account + $500 Direct Deposit & Get
Expired
$250 Bonus
+95Deal Score
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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.
Written by
Edited September 14, 2023
at 06:45 AMby
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.
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.
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."
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*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.
But just in case, has anyone had success opening a brand new card with AMEX for the first time and getting this offer?
Can you cancel direct deposit after getting that welcome offer?
i think so? i just read the terms email after my confirmed direct deposit, and the only caveat i see there is that you cannot close your account BEFORE receiving the $250 bonus. But would love for someone else to confirm as well https://www.americanexpress.com/c...-terms.pdf
Can you cancel direct deposit after getting that welcome offer?
I can confirm. I did one dd, then canceled the dd. I just received an email from Amex today saying I qualified for the offer. However it may take 6 to 8 weeks to deposit. So I will just wait I guess
Whoops, I see i mis-spoke. Agreed you only have to DD once to be eligible. Now i'm more curious if
1. How long (if at all) do we have to keep the $500 in the account prior to receiving the bonus
2. Once we receive the $250 bonus, are we then able to close the account/transfer all funds?
Whoops, I see i mis-spoke. Agreed you only have to DD once to be eligible. Now i'm more curious if
1. How long (if at all) do we have to keep the $500 in the account prior to receiving the bonus
2. Once we receive the $250 bonus, are we then able to close the account/transfer all funds?
8-12 weeks for the $250 bonus to appear. You've already fulfilled your obligations when DD your $500. No need to add more if you don't want to. I wouldn't close the account. I'd just leave the $500 there unless you really need it.
THe $250 incentive just hit for me, 1 week after the first deposit hit. Now the key question, when can i transfer funds out to basically close the account? I think it's as soon as you receive the bonus....
From the terms: "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."
Received $250 bonus deposited in accounts for both mine and my wife's account.
Same here. My direct deposit hit on September 29th and I just received the $250 bonus today. They originally sent an email that acknowledged the direct deposit then they sent another email yesterday (10/04) that said the bonus is on the way and would be deposited within 8-12 weeks.
My direct deposit hit on Sept 29, I received the email notification of the bonus from Amex on Oct 4th, & received the bonus in the checking account on Oct 5th. This will pay for the gold card fee.
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*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.
But just in case, has anyone had success opening a brand new card with AMEX for the first time and getting this offer?
DD 9/29
Received bonus notification 10/3
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1. How long (if at all) do we have to keep the $500 in the account prior to receiving the bonus
2. Once we receive the $250 bonus, are we then able to close the account/transfer all funds?
1. How long (if at all) do we have to keep the $500 in the account prior to receiving the bonus
2. Once we receive the $250 bonus, are we then able to close the account/transfer all funds?
From the terms: "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."
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