[Expired] [Targeted] American Express $200 Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: Nationwide via targeted email offer
• Direct deposit required: None
• Additional requirements: $5,000 deposit
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: None listed
• Household limit: None listed
• Expiration date: November 4, 2022

The Offer

Check your email for the following targeted offer on the American Express personal digital checking account product: (look for email from [email protected])

• Open an American Express Rewards Checking account and receive a $200 deposit bonus after you complete the steps listed below:
  1. Open an American Express Rewards Checking account in your name.
  2. Deposit at least $5,000 in eligible deposits into your account within 30 days of opening.
  3. Maintain an average daily balance of $5,000 or more for 90 days.

The Fine Print

• Offer not transferrable and can only be accessed through this email by clicking the
  “Learn More” button and logging into your online Card account associated with the account
  information included above.
• Limit one offer per Card Member.
• Offer expires 11/04/2022.

Our Verdict

The Amex checking account currently earns .60% APY which is good for a checking account but does not compare to high yield savings accounts. So you may be losing $25-$50 by parking the $5,000 there instead of using a high yield savings account. Still not a bad offer for a simple account signup, especially if the Amex checking account interests you.

The personal Amex checking account never had any signup bonus at all other than this new targeted $200 offer. Separately, there’s 30,000 bonus on a similar Amex business checking product.

Hat tip to reader HL and arch and Raymond