Author Topic: Amex Business Checking Master Thread - 60k  (Read 17655 times)

Offline TzviR

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Sep 2020
  • Posts: 803
  • Total likes: 766
  • DansDeals.com Hat Tips 3
    • View Profile
    • [b]Learn to play for a kumzits in 5 weeks!
  • Location: Fl
Re: Amex Business Checking Master Thread - 60k
« Reply #20 on: December 29, 2022, 11:18:45 AM »
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.

My  prizes from CV :)

Offline LoLo

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2014
  • Posts: 3782
  • Total likes: 199
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Amex Business Checking Master Thread - 60k
« Reply #21 on: December 29, 2022, 11:24:02 AM »
missed that, question now is if I transfer "back" in increments?
You have to maintain a 5k avg balance for 60 days.

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17350
  • Total likes: 7841
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Amex Business Checking Master Thread - 60k
« Reply #22 on: December 29, 2022, 12:07:21 PM »
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.
Only on DDF does 24/6 mean 24/5/half/half
Dow Jones Industrial Average Tops 40000 for the First Time

Offline solmeir

  • Dansdeals Gold Elite
  • ***
  • Join Date: May 2013
  • Posts: 151
  • Total likes: 14
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: brooklyn
Re: Amex Business Checking Master Thread - 60k
« Reply #23 on: January 01, 2023, 04:52:54 PM »
.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

Offline frum poster

  • Dansdeals Bronze Elite
  • *
  • Join Date: Jan 2022
  • Posts: 37
  • Total likes: 6
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: brooklyn new york
Re: Amex Business Checking Master Thread - 60k
« Reply #24 on: January 04, 2023, 08:46:57 PM »
Do i have to make 10 transactions within 20 days too?

Offline TzviR

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Sep 2020
  • Posts: 803
  • Total likes: 766
  • DansDeals.com Hat Tips 3
    • View Profile
    • [b]Learn to play for a kumzits in 5 weeks!
  • Location: Fl

My  prizes from CV :)

Offline bmw

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Feb 2015
  • Posts: 797
  • Total likes: 102
  • DansDeals.com Hat Tips 9
    • View Profile
Re: Amex Business Checking Master Thread - 60k
« Reply #26 on: January 05, 2023, 10:46:36 AM »
did 10 bill pays of $1 to my cc, qualified as 10 transactions.

Offline Ankster

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Dec 2021
  • Posts: 701
  • Total likes: 121
  • DansDeals.com Hat Tips 0
    • View Profile
  • Programs: Marriott Bonvoy Titanium, Hyatt Globalist
Re: Amex Business Checking Master Thread - 60k
« Reply #27 on: January 05, 2023, 12:07:17 PM »
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.

Offline Naftuli19

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jun 2018
  • Posts: 2741
  • Total likes: 400
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Location: Not in Quarantine
  • Programs: I wish all...
Re: Amex Business Checking Master Thread - 60k
« Reply #28 on: January 06, 2023, 10:30:12 AM »
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.
Sometimes You Will Never Know the True Value of A Moment Until It's Become A Memory...

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17350
  • Total likes: 7841
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Amex Business Checking Master Thread - 60k
« Reply #29 on: January 06, 2023, 10:50:49 AM »
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.
Only on DDF does 24/6 mean 24/5/half/half
Dow Jones Industrial Average Tops 40000 for the First Time

Offline S209

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2016
  • Posts: 7559
  • Total likes: 3985
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
    • Gowns By Shevy
  • Location: Lakewood
  • Programs: Marriott Gold, Star Alliance Gold, Hyatt Explorist, Hertz PC, National EE, Rock Royalty Wild Card, Wyndham Diamond, MLife Gold, Caesars Diamond, Hilton Diamond, Uber VIP, IHG Platinum Elite, ANA Platinum, DDF Lifetime Prez Platinum Elite, AmEx Platinum
Re: Amex Business Checking Master Thread - 60k
« Reply #30 on: January 06, 2023, 11:15:01 AM »
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
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

Offline efflpetzel

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2012
  • Posts: 2909
  • Total likes: 145
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Amex Business Checking Master Thread - 60k
« Reply #31 on: January 19, 2023, 03:05:12 PM »
would a wire count towards the deposit,

ACH would take too long for the 20 day opening requirements

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17350
  • Total likes: 7841
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Amex Business Checking Master Thread - 60k
« Reply #32 on: January 19, 2023, 03:50:04 PM »
Don't see why it wouldn't.
Only on DDF does 24/6 mean 24/5/half/half
Dow Jones Industrial Average Tops 40000 for the First Time

Offline nafnaf12

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2012
  • Posts: 4219
  • Total likes: 258
  • DansDeals.com Hat Tips 79
    • View Profile
Re: Amex Business Checking Master Thread - 60k
« Reply #33 on: January 21, 2023, 03:04:56 PM »
the tracker doesnt pop up by me, anyway to check if i hit the bonus regiment yet?
A smooth sea never made a skilled sailor.

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17350
  • Total likes: 7841
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Amex Business Checking Master Thread - 60k
« Reply #34 on: January 21, 2023, 05:13:00 PM »
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.
Only on DDF does 24/6 mean 24/5/half/half
Dow Jones Industrial Average Tops 40000 for the First Time

Online shmooz

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2010
  • Posts: 2317
  • Total likes: 141
  • DansDeals.com Hat Tips 6
    • View Profile
Re: Amex Business Checking Master Thread - 60k
« Reply #35 on: January 21, 2023, 06:53:10 PM »
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.

Offline yaakov

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2010
  • Posts: 269
  • Total likes: 4
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: new jersey
Re: Amex Business Checking Master Thread - 60k
« Reply #36 on: January 22, 2023, 12:18:02 AM »
anyway i could get the $5k into my account today? today is day 20 for me

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 17350
  • Total likes: 7841
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Amex Business Checking Master Thread - 60k
« Reply #37 on: January 22, 2023, 12:20:05 AM »
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.
Only on DDF does 24/6 mean 24/5/half/half
Dow Jones Industrial Average Tops 40000 for the First Time

Offline yaakov

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2010
  • Posts: 269
  • Total likes: 4
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: new jersey
Re: Amex Business Checking Master Thread - 60k
« Reply #38 on: January 22, 2023, 12:37:55 AM »
i opened it the 3rd. when do the 20 days start?

Offline yaakov

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2010
  • Posts: 269
  • Total likes: 4
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: new jersey
Re: Amex Business Checking Master Thread - 60k
« Reply #39 on: January 22, 2023, 12:39:49 AM »
anyplace to deposit cash?