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Eligible Amex Cardholders: Open Rewards Checking Account, Get

$250 Bonus w/ 2 Qualifying $1000+ Direct Deposits
+41 Deal Score
49,242 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 April 15, 2025 and have two separate Qualifying Direct Deposits, each in the amount of $1,000 or more, posted to your American Express Rewards Checking Account within the first 90 days of account opening.

Thanks to Global Mod lughnasadh for finding this deal.

Deal Instructions:
  1. Open your first American Express Rewards Checking Account in your name by 11:59PM MST on 04/15/2025, which is subject to approval.
  2. Have two separate Qualifying Direct Deposits, each in the amount of $1,000 or more, posted to your American Express Rewards Checking Account within the first 90 days of account opening.
    • A Qualifying Direct Deposit is a single ACH transfer of $1,000 or more from an employer or the government for a paycheck, pension, government benefit (such as Social Security), or tax refund. Two Qualifying Direct Deposits are required to qualify for this offer. The following are not Qualifying Direct Deposits: person to person transfers (P2P) such as money transfer apps, deposit account to deposit account transfers (for example, from a checking account to another checking account or from a savings account to a checking account), deposits or ACH transfers not from an employer or the government (for example, online transfers or bank transfers), internal transfers from your American Express Savings account, deposits made via check, and Membership Rewards points redemption for deposits.
  3. After you have completed the above qualifying criteria, American Express will deposit the Welcome Bonus into your Rewards Checking Account within 8-12 weeks.

Editor's Notes & Price Research

Written by
  • You are not eligible for the Welcome Bonus if you have an existing or previously have had a Rewards Checking Account. Each individual customer may only have one Rewards Checking Account. The Welcome Bonus is only available to customers who were solicited for it and cannot be forwarded or used more than once. The Welcome Bonus may not be transferred, sold, traded, or combined with other Welcome Bonuses. Limit one Welcome Bonus per American Express Rewards Checking Account.
  • You must keep your account open and in good standing until we award you the 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 Consumer Deposit Account Agreement or Rewards Checking Schedule 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. American Express reserves the right to modify or revoke this Welcome Bonus offer at any time without notice.
  • The 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.
  • View full Welcome Bonus Terms.
  • American Express Rewards Checking account has no monthly fees, and no minimum balance requirements (see account terms).
  • Refer to the original post & forum comments for additional details & discussion.

Original Post

Written by
Edited March 23, 2025 at 12:41 AM by
https://www.americanexpress.com/e...JEEALw_wcB

Was logging onto Amex app to pay for my bill and saw this offer come up. Not sure if its targeted or all Amex accounts. Trying it out just to get the $250 lol. Hope somebody finds this as useful as I did.

Earn $250 after you open a new American Express® Rewards Checking account by 04/15/2025 and receive two separate Qualifying Direct Deposits of $1,000 or more within 90 days of account opening.
Details are as follows :

High Interest
Earn a 1.00% APY2 —10X higher than the national rate

Debit Card Rewards
Earn Membership Rewards® points on eligible Debit Card purchases

No Monthly Fees
No fee to open, no minimum deposit, and no monthly fees

Backed by Amex
24/7 world-class customer service and fraud monitoring.
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Created 03-22-2025 at 03:51 AM by lughnasadh
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Deal
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+41
49,242 Views
$250 Bonus w/ 2 Qualifying $1000+ Direct Deposits
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.

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Featured Comments

Unfortunately you must sign up for direct deposit. Transfers from another bank don't count.
DoctorOfCredit maintains an extensive list of various methods that banks treat as direct deposit: https://www.doctorofcredit.com/kn...an_Express

Many data points indicating push from Fidelity codes as DD. Be sure to log into Fidelity and push the funds to Amex -- not log into Amex and pull from Fidelity.
Think of it this way... If you make $25/hr it's like getting 10 hours of work for free without having to work and doing only minimal effort to receive the bonus. If that doesn't sound good to you then I don't know what to tell you.

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Joined Jun 2005
L6: Expert
> bubble2 1,639 Posts
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mtnagel
03-22-2025 at 04:58 AM.
03-22-2025 at 04:58 AM.
Only for people that have never had one before:

Quote :
You are not eligible for the Welcome Bonus if you have an existing or previously have had a Rewards Checking Account.
1
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Joined Sep 2021
L6: Expert
> bubble2 1,264 Posts
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Wyvern1
03-22-2025 at 07:24 AM.
03-22-2025 at 07:24 AM.
does schwab work for this as dd?
1
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Joined May 2008
L5: Journeyman
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nicktoday8
03-22-2025 at 07:33 AM.

Our community has rated this post as helpful. If you agree, why not thank nicktoday8

03-22-2025 at 07:33 AM.
Unfortunately you must sign up for direct deposit. Transfers from another bank don't count.
4
Reply
Last edited by nicktoday8 March 22, 2025 at 07:53 AM.
Joined Mar 2022
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CoolHerring345
03-22-2025 at 08:22 AM.

Our community has rated this post as helpful. If you agree, why not thank CoolHerring345

03-22-2025 at 08:22 AM.
Quote from nicktoday8 :
Unfortunately you must sign up for direct deposit. Transfers from another bank don't count.

Very depend, i have done this promotion buy transfer from Fidelity and Wise, if you interested, look for more promotional like this in doctorofcredit
1
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Joined Dec 2003
L5: Journeyman
> bubble2 970 Posts
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digitalwei
03-22-2025 at 08:50 AM.
03-22-2025 at 08:50 AM.
*We are currently accepting applications from Card Members with a U.S. Basic Consumer Card issued by American Express National Bank with at least 35 days tenure.

Darn, thanks for the heads up tho.
Reply
Joined May 2012
L3: Novice
> bubble2 272 Posts
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Wal_Target
03-22-2025 at 09:38 AM.
03-22-2025 at 09:38 AM.
I've been an Amex Savings customer for many years now and have had zero problems with it.

Just logged into my Amex account, applied and was accepted for the checking account. Thank you!
Reply
Joined Nov 2010
L8: Grand Teacher
> bubble2 3,419 Posts
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aznboicn
03-22-2025 at 09:43 AM.
03-22-2025 at 09:43 AM.
Quote from Wal_Target :
I've been an Amex Savings customer for many years now and have had zero problems with it.

Just logged into my Amex account, applied and was accepted for the checking account. Thank you!
Is the APY 1% for you also?
Reply

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Joined Aug 2010
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emanon666
03-22-2025 at 09:47 AM.
03-22-2025 at 09:47 AM.
Worked for me - thanks!
Reply

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Joined Jan 2009
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bigballs
03-22-2025 at 09:54 AM.
03-22-2025 at 09:54 AM.
Quote from CoolHerring345 :
Very depend, i have done this promotion buy transfer from Fidelity and Wise, if you interested, look for more promotional like this in doctorofcredit
Do you mean just transfer funds from Fidelity brokerage account?
Reply
Joined Apr 2007
L7: Teacher
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barcode
03-22-2025 at 10:14 AM.
03-22-2025 at 10:14 AM.
I did this the last time it was available. Received the bonus with no issues.
Reply
Joined Mar 2022
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CoolHerring345
03-22-2025 at 10:34 AM.
03-22-2025 at 10:34 AM.
Quote from bigballs :
Do you mean just transfer funds from Fidelity brokerage account?

Yes https://imgur.com/a/WRNOz6r , my datapoint might be old, update those newer highly recommended
Reply
Last edited by CoolHerring345 March 22, 2025 at 10:42 AM.
Joined Jan 2009
L9: Master
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bigballs
03-22-2025 at 10:40 AM.
03-22-2025 at 10:40 AM.
Quote from CoolHerring345 :
Yes https://imgur.com/a/WRNOz6r
Great! I will do the same.
Reply
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