Update 5/4/26: The bonus is back, this time for $300 instead of $250. Requires $7,500 in direct deposits within 90 days.
Offer at a glance
- Maximum bonus amount: 300 dollars
- Availability: Nationwide, business checking customers do not qualify
- Direct deposit required: Yes, $7,500+
- Additional requirements: ANY
- Hard/soft pull: Gentle pull
- ChexSystems: Unknown
- Credit card financing: ANY
- Monthly fees: ANY
- Early account closure fee: Unknown
- Family boundary: ANY
- Expiration date: October 31, 2023
Offers
- American Express offers a $250 bonus when you open a new personal checking account and meet the following requirements:
- Receive a total of $7,500 or more in qualifying Direct Deposit(s) within 90 days of account opening
Fine Press
- Earn a $250 welcome bonus deposited into a new American Express Rewards Checking account after you do each of the following:
- Open an American Express Rewards checking account in your name by October 31, 2023.
- Have a qualifying direct deposit posted to your American Express Rewards checking account by December 10, 2023.
- Applying for an American Express Rewards checking account can be completed in minutes. We are currently accepting applications from cardmembers with a basic US consumer card issued by American Express National Bank with a 3+ month term.
- Once you have completed the above, American Express will deposit your welcome bonus into your rewards checking account within 8-12 weeks.
- A Qualified Direct Deposit is a single ACH transfer of $500 or more from an employer or government for a salary, pension, government benefit (such as Social Security) or tax refund. The following deposits are not qualifying Direct Deposits: person-to-person (P2P) transfers, demand deposit account to demand deposit account (for example, from one checking account to another checking account), and non-employer or government ACH deposits or transfers (for example, wire transfers or wire transfers).
- You are not eligible for the welcome bonus if you have an existing rewards checking account. Each individual customer may have only one Rewards Checking account. You must keep your account open and in good standing until we give you your Welcome Bonus. If your account is closed for any reason before this time, including closure by us, you will not be eligible for the welcome bonus. If we determine, in our sole discretion, that you have violated the Rewards Control Account Terms or engaged in abuse, misuse or gaming in connection with your account, we may determine that you are ineligible for the welcome bonus. In such a circumstance, we may cancel or refuse to give you the welcome bonus.
- Your 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. Your welcome bonus cannot be transferred, sold, traded or combined with other welcome bonuses. You are only entitled to a welcome bonus. Limit an American Express Rewards Checking Account Welcome Bonus. American Express reserves the right to modify or revoke this Welcome Bonus offer at any time without notice.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
This account has no monthly fees
Early account termination fee
Not sure if there is any EATF
Our verdict
We have never seen a public signup bonus on this account (there have been many bonuses on business control bonuses before) but there was one target bid for $200. Some people may prefer to wait for a larger bonus as we have seen them increase with business control. This deal itself is great though and we’ll be adding it to ours the best bank bonus page.
Useful posts about bank bonuses:
