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Eligible Amex Cardholders: Open Rewards Checking Account, Get

$250 Bonus w/ 2 Qualifying $1000+ Direct Deposits
+42 Deal Score
52,448 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.

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
Score
+42
52,448 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 Nov 2006
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> bubble2 672 Posts
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PortlandME
03-22-2025 at 10:46 AM.

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

03-22-2025 at 10:46 AM.
According to the terms:
" 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."
2
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Joined May 2012
L3: Novice
> bubble2 273 Posts
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Wal_Target
03-22-2025 at 12:32 PM.
03-22-2025 at 12:32 PM.
Quote from aznboicn :
Is the APY 1% for you also?

Yes, for checking. It's a pretty good rate for a checking account.
Reply
Joined Aug 2016
L9: Master
> bubble2 5,346 Posts
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JenT4685
03-22-2025 at 12:39 PM.
03-22-2025 at 12:39 PM.
Quote from CoolHerring345 :
Yes https://imgur.com/a/WRNOz6r , my datapoint might be old, update those newer highly recommended

So just transferring that $1000 from Fedlity to the Amex checking worked for you?
Reply
Joined Dec 2016
L2: Beginner
> bubble2 34 Posts
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IndoAmerican
03-22-2025 at 12:50 PM.
03-22-2025 at 12:50 PM.
Will transfer from DCU work?
Reply
Joined Mar 2022
L3: Novice
> bubble2 100 Posts
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CoolHerring345
03-22-2025 at 12:56 PM.
03-22-2025 at 12:56 PM.
Quote from JenT4685 :
So just transferring that $1000 from Fedlity to the Amex checking worked for you?

Im not sure wise or fidelity triggered the bonus thats why i did both, there is a searching tool on comment section so you can look up for fidelity/wise or whatever bank/financial institution you would like.
1
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Joined Nov 2019
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> bubble2 14,568 Posts
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Lilyly
03-22-2025 at 01:01 PM.
03-22-2025 at 01:01 PM.
Quote from flightxxx :
After taxes not much of an incentive, would do it if it was atleast $500+
same requirements but $400 at truist. i would go with truist first. if you still have a job the next 90 days. switch auto deposits to this amex.
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Joined Apr 2020
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> bubble2 1,353 Posts
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indelible
03-22-2025 at 01:04 PM.
03-22-2025 at 01:04 PM.
Quote from flightxxx :
After taxes not much of an incentive, would do it if it was atleast $500+

How much are they taking out for you?
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flightxxx
03-22-2025 at 01:29 PM.
03-22-2025 at 01:29 PM.
Quote from indelible :
How much are they taking out for you?

About 25-28% for taxes
Reply
Joined Nov 2009
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> bubble2 466 Posts
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BlueAc
03-22-2025 at 01:54 PM.
03-22-2025 at 01:54 PM.
Tried last time when the bonus was $500. My job's payroll system couldn't find a bank under Amex's routing number and I had to go back forth to get it accepted. After they finally did and processed the direct deposit Amex closed my account for inactivity. Word to the wise, add a couple bucks to keep your account open.
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Joined Dec 2011
Two Minds Became One
> bubble2 13,456 Posts
Peerless_Warrior
03-22-2025 at 02:08 PM.
03-22-2025 at 02:08 PM.
Quote from flightxxx :
After taxes not much of an incentive, would do it if it was atleast $500+
Regardless of taxes it's still more money than you started with. I don't want to set a new direct deposit with my job, but if pushing from a broker works I might try.
Reply
Joined Nov 2010
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aznboicn
03-22-2025 at 02:32 PM.
03-22-2025 at 02:32 PM.
Quote from Wal_Target :
Yes, for checking. It's a pretty good rate for a checking account.
great for checking! thanks!
Reply
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qkumbr
03-22-2025 at 06:41 PM.

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

03-22-2025 at 06:41 PM.
Quote from JenT4685 :
So just transferring that $1000 from Fedlity to the Amex checking worked for you?

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.
1
Reply
Joined Sep 2006
L10: Grand Master
> bubble2 18,010 Posts
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Superorb
03-22-2025 at 06:44 PM.
03-22-2025 at 06:44 PM.
Quote from flightxxx :
After taxes not much of an incentive, would do it if it was atleast $500+
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.
Reply

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Joined Jun 2005
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mtnagel
03-22-2025 at 06:56 PM.
03-22-2025 at 06:56 PM.
Quote from NervousThread261 :
They're not going to send you a 1099 for $250.
They definitely will. Most banks send 1099's for SUB and Amex did when I did this in 2023.
Reply
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