Amex Business Checking Master Thread - 60k

[TzviR]

I applied and got an email "We need additional information to review your application". What are they going to ask me for?

Here's what we need

We need to verify some information on your application. Please call us at 1-888-556-2436.

[LoLo]

missed that, question now is if I transfer "back" in increments?

You have to maintain a 5k avg balance for 60 days.

[CountValentine]

You have to maintain a 5k avg balance for 60 days.

So if a deposit 300k and then draw it out the next day will that do it?
Did this to qualify for BOA platinum rewards back in the day.

[solmeir]

.wait for the claw back?

Why? They are legitimate separate entities. As long as the email address and EIN are different it seems that Amex treats them as separate applications

[frum poster]

Do i have to make 10 transactions within 20 days too?

[TzviR]

Do i have to make 10 transactions within 20 days too?

https://www.dansdeals.com/points-travel/milespoints/open-amex-business-checking-account-earn-60000-membership-rewards-points/

[bmw]

did 10 bill pays of $1 to my cc, qualified as 10 transactions.

[Ankster]

If I am signed up for the AMEX business checking account, I imagine that I will be sent a 1099 for the 60k MR bonus. When it comes to filing taxes, can I simply file the 1099 and report the ~$600 as income or do I need to file a Schedule C as well? I only signed up for this account to get the bonus but don't have a business that will generate any income.

[Naftuli19]

I applied last week for the Bus Checking Acnt as Sole P, they instantly asked for 3 the forms of verification in order to get approved,  I never sent them in and this morning I got an email that my account is approved.

[CountValentine]

If I am signed up for the AMEX business checking account, I imagine that I will be sent a 1099 for the 60k MR bonus. When it comes to filing taxes, can I simply file the 1099 and report the ~$600 as income or do I need to file a Schedule C as well? I only signed up for this account to get the bonus but don't have a business that will generate any income.

Simply file the 1099. I have been in the same situation for many years.

[S209]

If I am signed up for the AMEX business checking account, I imagine that I will be sent a 1099 for the 60k MR bonus. When it comes to filing taxes, can I simply file the 1099 and report the ~$600 as income or do I need to file a Schedule C as well? I only signed up for this account to get the bonus but don't have a business that will generate any income.

Simply file the 1099. I have been in the same situation for many years.

+1

[efflpetzel]

would a wire count towards the deposit,

ACH would take too long for the 20 day opening requirements

[CountValentine]

Don't see why it wouldn't.

[nafnaf12]

the tracker doesnt pop up by me, anyway to check if i hit the bonus regiment yet?

[CountValentine]

the tracker doesnt pop up by me, anyway to check if i hit the bonus regiment yet?

On PC I click the "Dashboard" tab to get it to show.

[shmooz]

the tracker doesnt pop up by me, anyway to check if i hit the bonus regiment yet?

There is a  back arrow on the left when you go to the page, hit that.

[yaakov]

anyway i could get the $5k into my account today? today is day 20 for me

[CountValentine]

anyway i could get the $5k into my account today? today is day 20 for me

Wire transfer is same day but only on business days. Looks like you are out of luck.

[yaakov]

i opened it the 3rd. when do the 20 days start?

[yaakov]

anyplace to deposit cash?