60k Amex points for opening an Amex Business Checking Account

American Express is offering 60k Membership Rewards if you open a new business checking account with them and fulfill the following requirements:

• Make a deposit of $5k or more within 20 days of opening
• Maintain an average balance of $5k or more for 60 days
• Make 10 ore more qualifying transactions within 60 days of opening your account

You do need a business, but at the same time, Sole Proprietors should qualify as well. It looks as thought the deal expires 1/3/23

What are 10 qualifying transactions?

This is what Amex defines as a qualifying transaction:

The account is fully digital

If you want the ability to go into a branch and speak to someone in person…this isn’t your jam. If you’re cool with it all being online and digital, this could be a nice fit.

Here are some of the benefits of an Amex Business Account

You earn 1 Membership Reward point on every $2 you spend on the Business Debit card

Payments:

• Domestic ACH: No fee
• Domestic Wire (Incoming): No fee
• Domestic Wire (Outgoing): $20
• International ACH (Incoming): No fee

These processing fees are included fee free:

• Monthly account maintenance
• Account opening
• Additional accounts
• Mobile deposit capture
• E-checks
• Outgoing and incoming returns
• Non-sufficient funds
• Stop pay
• Billing inquiry
• Duplicate credit/debit received
• Admin processing
• Statement copy
• Physical checks processing

Zach, what do I need to provide to sign up for an Amex Business Checking Account?

This is what Amex says you will need to provide:

• Your Employee Identification Number (EIN) or Taxpayer Identification Number (TIN)
• Your Articles of Organization or a Certificate of Formation
• Information from a Driver’s License, State I.D., or Passport for each owner
• A Social Security Number (SSN) and ID verification for any Beneficial Owner with ownership of 25% or more
• A “Doing Business As” (DBA) certificate only if your business operates under more than one name
• A U.S. business address
• Information about your industry, size, and the purpose of your account

Will I do this?

I’m really debating doing this since it’s an easy 60k pickup and I already have several business cards with Amex. The 10 transactions shouldn’t be a big deal since mobile deposits are a qualifying transaction.