American Express is primarily a credit card company and does not offer traditional checking accounts, either personal or business. Instead, you may consider a business checking account with another online-only bank such as Azlo, or a traditional bank with available online and mobile banking like Wells Fargo. Find out more about American Express business checking below, as well as alternatives for opening a business checking account online.

Is There an American Express Business Checking Account?

American Express primarily focuses on credit cards and does not offer business checking accounts or any other types of checking accounts. There is an American Express online savings account program for high-yield or CD savings accounts, but these accounts don’t come with debit cards or paper checks and can’t be used for business operations. We contacted American Express corporate customer service representatives to confirm that the company does not provide business checking accounts.

The List of Business Checking Accounts to Consider

Opening a business checking account can provide you with a number of perks, depending on which bank you choose. There are also several choices if you want to keep your business checking account completely online, without having to visit a bank branch to open or maintain your account.

Keep in mind that in most cases, you’ll need to fill out an application and provide documentation to open a business checking account. The application process typically requires various documents depending on the type of business that you run, such as a DBA (doing business as), partnership agreement, or Certificate of Incorporation. Applying for a business checking account can take up to 30 days.

Below we’ve provided the list of places where you can open an online business checking account as well as the benefits offered by each bank.

Azlo 

Azlo is an online bank that focuses specifically on small business accounts.

  • Minimum opening deposit: None
  • Minimum balance: None
  • Monthly fee: None
  • Transaction limits: None
  • Debit card available: Yes
  • ATM access: Fee-free withdrawals at Allpoint ATMs; no fees charged by Azlo for third-party ATM use
  • Other benefits: Free mobile banking, ACH transfers, and online bill pay
  • Source: Azlo FAQs
  • Learn more about Azlo

IBERIABANK

IBERIABANK is a traditional bank that offers several types of business accounts, including Free Business Checking. This bank accepts business checking account applications only from customers doing business in Alabama, Arkansas, Florida, Georgia, Louisiana, New York, North Carolina, South Carolina, Tennessee, and Texas. The information below refers to Free Business Checking accounts.

  • Minimum opening deposit: $100
  • Minimum balance: None
  • Monthly fee: None
  • Transaction limits: 500 per two months
  • Debit card available: Yes
  • ATM access: No fees for transactions at IBERIABANK ATMs; $2 per transactions for non-IBERABANK ATMs
  • Other benefits: Two free personal checking accounts per business account; free mobile banking, online banking, and bill pay
  • Source: IBERIABANK business checking page
  • Learn more about IBERIABANK

Novo

Novo is a banking app for entrepreneurs, startups and small businesses that provides free business checking accounts and mobile banking. The Novo app is currently available only for iPhones, but an Android app and web platform are coming soon, according to the website.

  • Minimum opening deposit: $50
  • Minimum balance: None
  • Monthly fee: None
  • Transaction limits: None
  • Debit card available: Yes
  • ATM access: Novo does not charge fees for ATM transactions. However, you will have to pay any fees the ATM charges for non-customer usage.
  • Other benefits: Free ACH and wire transfers, free online bill pay
  • Source: Novo FAQs and Novo Fee Schedule
  • Learn more about Novo or download the app from iTunes

Small Business Bank

Small Business Bank is an online-only bank that, as the name suggests, works exclusively with small businesses.

  • Minimum opening deposit: $100
  • Minimum balance: None
  • Monthly fee: None
  • Transaction limits: None
  • Debit card available: Yes
  • ATM access: Fee-free ATM transactions at Shazam ATMs; no fees charged by Small Business Bank for transactions at other ATMs
  • Other benefits: Free mobile banking, remote deposit, and online bill pay
  • Source: Small Business Bank website
  • Learn more about Small Business Bank

Wells Fargo Simple Business Checking

Wells Fargo is a traditional bank that offers free business checking accounts you can open entirely online. The information below refers to Simple Business Checking accounts at Wells Fargo.

In Summary

While American Express does not offer business checking accounts, there are several options to choose from if you’d like to open a free business checking account online, including Azlo and Wells Fargo Simple Business Checking.

To learn more about business checking accounts options, see our articles on Ally Bank’s business checking and Discover’s business checking.

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