Offer value details
American Express lists a $300 Rewards Checking welcome bonus for eligible customers who open their first Rewards Checking account by July 30, 2026.
Qualification requirements
Open the account by July 30, 2026 and receive at least $7,500 in qualifying direct deposits within the first 90 days after account opening.
Fees and costs
American Express lists no monthly account fee and no minimum balance requirement for Rewards Checking. Review the account schedule for transaction limits and other terms.
Availability
American Express says applications are currently accepted from eligible U.S. Basic Consumer Card members, some Additional Card Members, or customers with an existing American Express High Yield Savings Account or CD with enough tenure.
What to verify
- Transfers from another bank account, P2P apps, checks, and internal Amex savings transfers do not count as qualifying direct deposits.
- The direct deposit threshold is high for a checking bonus.
- The bonus may be taxable income.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.