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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 Jul 2014
L3: Novice
> bubble2 106 Posts
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mark44x
04-01-2025 at 04:13 AM.
04-01-2025 at 04:13 AM.
Is this $250 cash or $250 in MR points?
Reply
Joined Jan 2013
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> bubble2 4 Posts
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greatwall23
04-02-2025 at 08:19 AM.
04-02-2025 at 08:19 AM.
Quote from united :
how do you know the bonus is active? thanks.
I contacted amex customer service and they confirmed the bonus is attached to my account.
Reply
Joined Jan 2006
L8: Grand Teacher
> bubble2 3,078 Posts
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jneset
04-02-2025 at 06:18 PM.
04-02-2025 at 06:18 PM.
Quote from coolchicagoguy :
Anything above $10 in interest or bonus annually require banks to issue 1099-T.

Wrong answer
1
Reply
Joined Dec 2012
L7: Teacher
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This user is an Expert in Computers
coolchicagoguy
04-03-2025 at 03:49 PM.
04-03-2025 at 03:49 PM.
Quote from jneset :
Wrong answer
It would be great to include the answer rather just say it's wrong, especially for someone who has been here a while. I understand I stated the form incorrectly instead of 1099-INT, which I have corrected in my earlier post.
1
Reply
Last edited by coolchicagoguy April 3, 2025 at 04:54 PM.
Joined Apr 2009
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> bubble2 1,563 Posts
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nowayman
04-07-2025 at 10:46 AM.
04-07-2025 at 10:46 AM.
Quote from mtnagel :
In my experience, it's not 100% but pretty much like 98% that you will get a 1099. I did a $400 sign up bonus with PNC last year and they didn't send me one and I couldn't log into my account to see if it was there since I closed my account. Of course you still need to report it even if you didn't get one.
For a $400 bank bonus, you will have gotten a 1099int, and you can probably see it in your irs.gov transcript when they update the ty2024 tax docs in May/June 2025. And you'll probably get a cp2000 from the IRS for not including the $400 on your taxes. The threshold for 1099int is only $10, zero chance you didn't get issued one, whether you "received" it or not, you still owe taxes on it.
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mtnagel
04-10-2025 at 01:28 AM.
04-10-2025 at 01:28 AM.
Quote from nowayman :
For a $400 bank bonus, you will have gotten a 1099int, and you can probably see it in your irs.gov transcript when they update the ty2024 tax docs in May/June 2025. And you'll probably get a cp2000 from the IRS for not including the $400 on your taxes. The threshold for 1099int is only $10, zero chance you didn't get issued one, whether you "received" it or not, you still owe taxes on it.
Why do you assume I didn't include it?

But I didn't know you can see your 1099-INT's on the IRS.gov site. I just checked for 2023 and there were two banks that I received sign up bonuses from and didn't get 1099's for and they aren't listed on the IRS site so your statement that there is "zero chance you didn't get issued one," isn't correct.
Reply
Last edited by mtnagel April 10, 2025 at 01:35 AM.
Joined Jan 2013
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greatwall23
05-16-2025 at 04:06 AM.
05-16-2025 at 04:06 AM.
Quote from bluekiwi :
You may see the bonus listed but you do not qualify

You are not eligible for the Welcome Bonus if you have an existing or previously have had a Rewards Checking Account
Bonus just hit my account today
Reply

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Joined Jan 2013
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greatwall23
05-16-2025 at 04:06 AM.
05-16-2025 at 04:06 AM.
Quote from mtnagel :
Let us know if you get it because the terms clearly say you can't get a bonus again.
Bonus just hit my account today
Reply
Joined Jun 2005
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> bubble2 1,706 Posts
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mtnagel
05-16-2025 at 04:09 AM.
05-16-2025 at 04:09 AM.
Quote from greatwall23 :
Bonus just hit my account today

Thanks. Guess it's worth trying again.
Reply
Joined Aug 2022
Andy
> bubble2 8 Posts
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Moontech
05-16-2025 at 12:47 PM.
05-16-2025 at 12:47 PM.
It took about 3 weeks after I met my 2k deposit to get the bonus. It was paid 😁
Reply
Joined Aug 2010
L3: Novice
> bubble2 207 Posts
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emanon666
05-28-2025 at 04:40 PM.
05-28-2025 at 04:40 PM.
Been a bit over two months, and no bonus yet. Is this typical?
Reply
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