Offer is back, updated details, expires soon. American Express is again promoting their Rewards Checking Account with a new . The bonus requirements are pretty straightforward:
- Open your first American Express Rewards Checking Account in your name by 1/31/2026,
- Receive a total of $5,000 or more of Qualifying Direct Deposit(s) within 90 days of account opening.
- After you have completed the above qualifying criteria, American Express will deposit the Welcome Bonus into your Rewards Checking Account within 8-12 weeks.
This bonus is targeted for existing consumer credit cardholders, and possibly savings accountholders:
Who is eligible to apply for an American Express® Rewards Checking account?
Applying for an American Express Rewards Checking account can be completed in minutes. We are currently accepting applications from Card Members with a U.S. Basic Consumer Card issued by American Express National Bank (AENB) with at least 5 days tenure. We may also accept applications from Additional Card Members on a U.S. Basic Consumer Card issued by AENB, Customers with an existing High Yield Savings Account and CD with at least 5 days of tenure who are not existing US Basic Card Members.
Submitted applications will be reviewed promptly with decisions that can be provided within minutes.
If you log into your personal credit card account, the application is mostly auto-filled and just takes a few clicks. There is no hard credit check.
Here are some quick highlights about the Rewards Checking account:
- No monthly fees, and no minimum balance requirements.
- 1.00% APY (as of 1/29/26)
- Earn 1 Membership Rewards® point for every $2 of eligible Debit Card purchases. You can combine these points for redemption using your other AmEx cards.
- Unlimited fee-free ATM withdrawals at over 37,000 MoneyPass® ATM locations nationwide.
- Mobile check deposit is available.
- Free paper checks are not included, but you can purchase them at additional cost.
From the :
A Qualifying Direct Deposit is a single ACH transfer from an employer or the government for a paycheck, pension, government benefit (such as Social Security), or tax refund. Qualifying Direct Deposit(s) totaling at least $5,000 or more 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.
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