checking accounts News & Analysis

American Express (AXP) Offers $300 Bonus for New Checking Accounts

American Express (AXP) is offering a welcome bonus of $300 for new Amex Rewards Checking customers who open an account by July 30, 2026, and receive $7,500 in qualifying direct deposits within the first 90 days. The $300 will be deposited within 8 to 12 weeks after meeting the requirements. The account features no monthly maintenance fees, a minimum deposit of $0, and an Annual Percentage Yield (APY) of 1.00% as of June 24, 2024. This promotion could attract new customers, significantly impacting total deposits and account openings.