Summary: American Express is best known as a credit card company, but its product offers are not limited to credit accounts. AMEX’s online banking division offers savings and personal checks, loans, investment management and business accounts and credit lines.
The American Express National Bank was classified among our 10 best online banks for 2025. See our complete ranking of the 10 best online banks >>
Existing American Express card holders can request a requested award -free reward account and without monthly expenses. The account offers membership award on purchase of eligible debit cards.
American Express offers a high -performance online savings account without minimum balance or monthly costs requirements. Interests are made up daily and are deposited in your account each month.
The American Express CD accounts are available in different term durations, ranging from 11 months to three years. CDs do not have a minimum balance requirement or monthly costs. The interest is aggravated daily and deposited monthly until your CD matures.
American Express offers traditional or Roth IRA plans for retirement savers who wish to increase their savings in tax or tax franchise. Customers can choose between a high -efficiency saving Ira or a deposit certificate will go. These accounts have no monthly fees and no minimum deposit amount to open.
The list of American Express credit cards is large; It includes travel cards, back-back cards, reward cards, cards without annual costs, 0% APR cards, credit cards for airlines, credit cards at the hotel, cards low interest and balance transfer cards.
The members of the American Express cards can apply to personal financial expenses with a personal loan ranging from $ 3,500 to $ 40,000. AMEX personal loans can be used to consolidate debt, make home improvements, finance large purchases, etc. Amex has rules against the use of these loans for post -secondary training fees, real estate, business, securities, vehicle purchases (other than deposit for a vehicle) and to pay balances on cards issued by American Express.
Commercial customers can take advantage of American Express commercial check accounts, commercial credit cards, payment solutions, business cards, credit sectors, etc.
This integrated content is not available in your region.
The American Express National Bank does not charge any monthly maintenance costs for its deposit accounts or its overdraft costs. However, outgoing transfers will lead to fees of $ 20 per transfer.
Customers must note some major advantages and disadvantages before banking with American Express.
-
No monthly fees. American Express does not invoice bank customers for cost maintenance of accounts.
-
No overdraft fees. Account holders will not be invoiced overdraft costs for transactions that exceed their account, even if this transaction results in a negative balance.
-
No minimum opening deposits. AMEX bank accounts do not have the minimum opening deposit requirements, which means that customers can decide to what extent they wish to deposit on their bank account.
-
24/7 hours of customer service. Banking representatives of Amex are available 24/7 by phone or cat online.
-
Limited account offers. In addition to its selection of credit cards, American Express offers some bank account options, with a single current account and a savings account to choose. However, it offers more than one CD term.
-
No physical branches. American Express is a only online bank without physical banking branches that customers can visit. Banking customers must make all their banks online or via a mobile application.
-
Must have an Amex card to open a current account. AMEX has certain requirements for its current account which limit availability to all consumers. To open a current account, you must have a basic American consumption card published by American Express at least three months.
-
Savings accounts are not delivered with an ATM card. AMEX does not provide ATM cards for savings account holders, which could make a little more difficult to quickly access your funds if you need it.
The national banking representatives of American Express are available by phone and live 24/7. General surveys and deposits can also be carried out by mail.
Customers can use the American Express mobile application to check the accounts of accounts and pending transactions, define payment reminders, follow and exchange membership points, etc. The application is available for download on the App Store and Google Play and has a score of 4.9 and 3.9, respectively.
The social and environmental objectives of American Express include three key pillars – strengthen financial confidence, advance climatic solutions and promote diversity, equity and inclusion.
In 2022, AMEX increased to these objectives by issuing more than two million new cards to the members of cards of under-represented groups and by investing more than $ 500 million in investments, community development loans and subsidies to support Affordable housing, the needs of small businesses and the creation of jobs.
In the past year, American Express has submitted programs to reduce programs on the initiative of science targets as part of his commitment to zero emissions by 2035. AMEX also spent more than 750 million Dollars with suppliers with under-represented property in 2022, including $ 60 million with black-possessed suppliers to help promote diversity, equity and inclusion.
Yes. American Express is the best known as a credit card provider, but he has a bank arm with consumer banking products.
American Express National Bank has a brick and mortar locations?
No. American Express has no physical banking branches. However, it offers an ATM network at no cost of more than 37,000 ATMs from MoneyPass nationally for cash withdrawals.
Yes. American Express National Bank is an institution provided by the FDIC. Your deposits are protected up to the federal limit of $ 250,000 per depositor, per property category.
