American Express Business Checking
High-yield business checking from a trusted financial brand.
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American Express Business Checking (formerly Kabbage Checking) offers a high-yield business checking account with one of the best interest rates for business accounts. Combined with the American Express brand, FDIC insurance, and competitive features, it is an attractive option for freelancers who want to earn meaningful interest on their business cash reserves.
Our Scores
4.3
Ease of Use
4.2
Features
4.7
Value
4.4
Support
Pros & Cons
Pros
- ✓High APY on balances — competitive with the best business accounts
- ✓No monthly fees and no minimum balance requirements
- ✓American Express brand recognition and customer service quality
- ✓FDIC insured
- ✓Integrates with American Express business credit cards
Cons
- ✗Fully online only — no branch access
- ✗No cash deposit capability
- ✗Fewer fintech integrations than Relay or Mercury
- ✗Transaction limits may apply for very high volume
Best For
- →Freelancers who want to earn high interest on business cash
- →Those who already use American Express for business credit cards
- →Businesses wanting a trusted brand for banking
- →Remote freelancers comfortable with digital-only banking
Not Ideal For
- ✗Freelancers who need cash deposits or in-person banking
- ✗Those needing multi-currency international accounts
- ✗Businesses with very high transaction volumes
Pricing
Business Checking
Free
- ✓High-yield APY
- ✓No monthly fee
- ✓FDIC insured
- ✓Business debit card
- ✓Mobile banking
Frequently Asked Questions
Is American Express Business Checking the same as Kabbage?
American Express acquired Kabbage in 2020 and rebranded its banking products under the American Express Business name. The underlying banking infrastructure was upgraded and now carries the American Express brand and service standards.
How competitive is the interest rate on AmEx Business Checking?
American Express Business Checking consistently offers one of the highest APYs available for business checking accounts, typically far above what traditional banks offer. The exact rate fluctuates with market conditions.
Other Banking Options
Tax Information Notice
This content is for informational and educational purposes only. It does not constitute tax, legal, or financial advice. Tax laws change frequently. Always consult a qualified CPA or Enrolled Agent for your specific situation.