American Express launches its first digital-checking account for consumers

American Express has launched American Express Rewards Checking, the company’s first all-digital consumer checking account. Last year, the company rolled out an account for small business owners called Kabbage Checking.

The new account, available for eligible U.S. card members, offers a range of benefits including membership rewards points for eligible debit card purchases, an APY of 0.50% and Purchase Protection for eligible purchases, all with no monthly maintenance fees or minimums.

Members can access and manage their checking accounts on the American Express App.

“Our Members want more banking products and services from us. And they want more from their checking account, without giving up the benefits that are important to them. That’s why we built Amex Rewards Checking to deliver more value for Members with the powerful and trusted backing of American Express. It’s digital checking without compromises.” – Eva Reda, EVP and GM, consumer banking, American Express.