FX International Payments is a service of American Express Travel Related Services Company, Inc. (“American Express”). This service is not available to consumers. To enroll in the service, your business will be required to complete an application which is subject to review and approval by American Express. For a copy of the application, including terms and conditions, call 866-329-5295.
FX International Payments incorporates high end encryption, both for stored data (such as account information) and for payments created and transmitted in real-time. The application is deployed within American Express’ state of the art data centre that features advanced online and offline security and monitoring against internet attacks. FX IP implements all of the American Express standards relating to information integrity, transaction security and information security.
1. 15,000 Membership Rewards® Points Offer: To earn 5,000 Membership Rewards® points for activation of your FX International Payments ("FXIP") account, you must satisfy the following conditions: (i) you must complete an FXIP application form and a Membership Rewards® registration form and submit them to us; (ii) your FXIP application and Membership Rewards® registration must have been processed and approved by us; and (iii) you must complete at least one foreign currency wire transaction through your new FXIP account no later than December 31, 2016. In order to earn an additional 10,000 Membership Rewards® points, you must meet the conditions in the preceding sentence and you must also initiate at least three (3) additional foreign currency wire transactions within ninety (90) days of the first foreign currency wire transaction. Same currency transactions (USD to USD) are not eligible for this offer. The value of points received may be taxable income to you. Please consult your tax advisor if there are any questions about the tax treatment of points. Bonus ID A4NU
2. One (1) Membership Rewards® point will be awarded for every USD $30 your business wires internationally using the FX International Payments ("FXIP") service. The maximum award per transaction is 4,000 points. Not valid for same currency wire transactions (e.g. US Dollar to US Dollar). For a designated Card Member to be eligible to receive Membership Rewards points, your business must first enroll in the FXIP service. Your business must also complete and submit to us a form designating an American Express Card Member who is already enrolled in the individual Membership Rewards program to whom points will be credited. With respect to a company enrolled in the Corporate Membership Rewards program, any earned points will be credited to the relevant Program Administrator Corporate Card linked to the company's Membership Rewards program. If you select a basic personal American Express Card Member or a basic small business American Express Card Member (e.g., OPEN from American Express) to receive the award of Membership Rewards points, please note that the designated Card Member for that personal or small business account is authorized to determine how and when to redeem those points. You agree not to make any claims against American Express with regard to the manner in which the basic Card Member redeems such points. The American Express Card Member you select to receive the award of points, or in the case of Corporate Membership Rewards, the company, must be current and enrolled in the Membership Rewards program at the time the transaction is initiated. FXIP must have a completed registration on file for the Card Member's Card account or company's Program Administrator Card Corporate Card account, and there must be no unpaid FXIP obligations of your business or other violation of or defaults under the FXIP Terms and Conditions at the time of point fulfillment. No points will be awarded retroactively for transactions processed prior to the enrollment of the business in the FXIP service and the processing of the Membership Rewards program registration form. In the event a registered Card is lost, stolen or renewed, you must register the new Card by submitting an updated form to FXIP with the new Card information. Processing of the registration form takes approximately 2-4 weeks. To obtain a registration form, call 1-888-391-9971. Points will be credited to the Card Member's Membership Rewards program account or Corporate Membership Rewards account, if applicable, within 10-12 weeks after the eligible transaction is completed. Membership Rewards points that are awarded for transactions with FXIP are subject to the terms and conditions of the Membership Rewards program, including rules regarding forfeiture of Membership Rewards points. Note that the rewards available in the Membership Rewards program vary depending on the type of American Express Card enrolled in Membership Rewards. See membershiprewards.com/terms for more information. A company that is enrolled in Corporate Membership Rewards, and points earned under that program, are subject to the terms of the Corporate Membership Rewards program (see membershiprewards.com/tier/corpmr). Transactions by university or financial institution clients are not eligible for this offer. FXIP reserves the right to change, limit, modify or cancel this offer at any time.
If American Express determines the Membership Rewards points constitute a reportable payment, the value of the points will be reported to the Card Member and the Internal Revenue Service on IRS Form 1099-MISC. The value of the points may be taxable income to the Card Member and the Card Member would be responsible for any federal or state taxes resulting from the points. Bonus ID 7601.
3. If an OPEN Card Member applies for the FX International Payments service and is approved by American Express, American Express will waive its transaction fee on foreign currency wire payments for 6 months, and charge a transaction fee of $10 after the six month waiver period ends. This reduced fee may be discontinued by American Express at any time or in the event you cease to be an American Express OPEN Card Member. Wire payments in the same currency (e.g., USD to USD) are not eligible for this offer. There is no minimum number of transactions in order to qualify for this offer, but a minimum transaction size may apply, depending on the type of currency of the wire payment. In some countries, the receiving bank may assess its own transaction fees on your wire payment. American Express makes money from foreign exchange. Other fees may apply to products and services other than foreign currency wire payments.
4. If an OPEN Business Platinum Card Member applies for the FX International Payments service and is approved by American Express, American Express will waive its transaction fee on foreign currency wire payments. This waiver may be discontinued by American Express at any time or in the event you cease to be an American Express OPEN Business Platinum Card Member. Wire payments in the same currency (e.g., USD to USD) are not eligible for this waiver. There is no minimum number of transactions in order to qualify for this waiver, but a minimum transaction size may apply, depending on the currency of the transaction. In some countries, the receiving bank may assess its own transaction fees on your wire payment. You recognize that, even if American Express does not charge you a transaction fee on your foreign currency wire payment, American Express may earn revenue from the foreign exchange transaction. Other fees may apply to products and services other than foreign currency wire payments.
