American Categorical Launches Digital Small Enterprise Checking Account, Debit Card | 10.28.2021

American Categorical as we speak (October 28, 2021) unveiled its first-ever debit card as competitors for small-business prospects heats up. The cardboard will likely be a part of a brand new digital enterprise checking account, the corporate mentioned in a press release Thursday. Whereas different banks have used AmEx’s community for debit playing cards of their very own, this marks the primary time the funds big is issuing a debit card itself.

In accordance with the corporate, the account gives a safe, high-yield, and low price digital banking expertise with a aggressive APY of 1.1{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513} on balances as much as $500,000. The checking account connects with current American Categorical Credit score Playing cards and comes with a Enterprise Debit Card, the primary to be issued within the U.S. by American Categorical.

In accordance with a information launch issued by the corporate, a U.S. small enterprise can now apply for the brand new enterprise checking account in as little as 10 minutes and, if authorised, obtain all of the preliminary options listed of their launch.:

  • Earn $300 deposit as a welcome bonus
  • Earn curiosity on balances as much as $500,000 with a aggressive APY of 1.1{a87f602f9b65d268d2531d6307ed39cfde24e475374069973d0be7fc923da513}
  • No month-to-month upkeep charges or minimal steadiness requirement
  • Full-service digital banking that makes it simple to entry and handle your checking account, whereas additionally connecting to current American Categorical Playing cards

“We constructed the brand new American Categorical Enterprise Checking from the bottom up as a result of companies instructed us they need extra from their current checking account. It’s a customer-first, full-service digital enterprise checking account that makes money administration simple, processes a variety of cost varieties, and earns high-yield curiosity on balances as much as $500,000.”

Dean Henry
Govt Vice President of World Industrial Providers at American Categorical.


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