3 Min Read | Published: August 2, 2024 | Updated: November 13, 2024

How to connect American Express® Business Checking to your external business tools

Running a small business often means juggling many financial management tools, from accounting software to mobile payment apps. But with Business Checking, it’s easy to streamline daily operations using one Business Checking account.

 

In this article, get to know three categories of external tools you can seamlessly integrate with your Business Checking account:

 

  1. Accounting software (QuickBooks® Online, Xero®, and more)
  2. Merchant processor & mobile payment applications (Square, Stripe, PayPal, Venmo, Cash App)
  3. Payroll platforms (Gusto, ADP, Paychex)
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1. Accounting software

To keep your financials up-to-date, consider connecting your Business Checking with QuickBooks® Online or Xero®. You can also connect to accounting software apps available through Plaid® and Yodlee®, such as FreshBooks and Bench.

 

Connecting your account helps organize and track your business expenses and reduces the need for manual entry of your Business Checking transactions.​

 

How to link:
Streamline financial management by connecting to QuickBooks® Online or Xero®.​

 

*QuickBooks® and the QuickBooks logo are registered trademarks of Intuit, Inc. To use this feature, you are responsible for separately purchasing and maintaining a QuickBooks accounts subscription as required by Intuit, Inc. American Express is not responsible for the products or services offered by Intuit, Inc. For more information about QuickBooks, visit https://quickbooks.intuit.com.

Pro tip: Visit your dashboard to view account information or get transaction details. For added support, simply log in here.

2. Merchant processors and mobile payment applications

Connecting Business Checking to your external merchant processor is another way to streamline settlement processes. When you use the two together, you could earn a competitive APY on funds deposited into your Business Checking account.

 

Through Plaid® or Yodlee®, you can connect your Business Checking to over 4,000 financial apps.

 

How to link:

 

Square: Link your account from your online Square Dashboard or the Square app to have your money transferred instantly, on the same day, or within one to two business days. Learn more >

 

Stripe: Add your account through the Business Settings menu in the Stripe Dashboard. Learn more >

 

PayPal: Enter your bank login details in the PayPal app or online. Learn more >

 

Venmo: Visit Venmo’s guide for help with adding a bank account to your Venmo profile. Learn more >

 

Cash App: Tap the Profile icon on your Cash App home screen and select “Linked Banks.” Learn more >

Pro tip: You can disconnect any data that is being shared from your Business Checking account at any time by following the guides from the external parties or contacting them directly.

 

3. Payroll Platforms

You can streamline your employee payments by leveraging payroll software – such as Gusto, ADP, and Paychex – and setting Business Checking as your default bank account to run payroll.

 

How to link:

 

Gusto: Manage your company bank account details during or after onboarding. Learn more >

 

Paychex: To add, edit, or remove bank accounts, please contact your Paychex representative. Learn more >

Pro tip: Explore ways to stay ahead of your business’s recurring expenses, like rent, utilities, and payroll, here.

 

 

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TERMS AND CONDITIONS

 

American Express and Amex are registered trademarks of American Express.

 

American Express Business Blueprint™ is the small business digital experience that allows a customer to view on one digital dashboard summary account information for the following American Express small business products: American Express® Business Cards, American Express® Business Line of Credit, and American Express® Business Checking. The customer can also choose to link their third-party issued business bank accounts and business credit cards to Business Blueprint. Not all third party accounts or cards can be connected to Business Blueprint. Business Blueprint allows the customer to view data insights and track their business cash flow and expenses by viewing reports that American Express prepares using the customer’s linked account information. Business Blueprint provides a 30-day bank account balance projection, using the daily balances from the customer’s linked bank accounts from the last 90 days. To be used in the account balance projection, the customer’s bank account must have at least 90 days of data available. While the cash flow management service from Business Blueprint is currently free, each of the business products from American Express that are visible in Business Blueprint has its own fees, eligibility criteria, application process and approval requirements. The Business Blueprint service (including any data insights provided to the customer) does not constitute legal, tax, financial or accounting advice, and is not a substitute for obtaining competent personalized advice from a licensed professional. You should seek professional advice before making any decision that could affect the financial health of your business. American Express makes no representations as to the accuracy, completeness or timeliness of the reports, projections, data or account information that are available to the customer from Business Blueprint.

 

American Express® Business Line of Credit

American Express® Business Line of Credit offers access to a commercial line of credit ranging from $2,000 to $250,000; however, you may be eligible for a larger line of credit based on our evaluation of your business. Each draw on the line of credit will result in either a separate installment loan or a single repayment loan. All loans are subject to credit approval and are secured by business assets. Every loan requires a personal guarantee. For single repayment loans, we charge a total loan fee that ranges from 0.95%-1.80% of the amount you borrow for 1-month loans, 1.90%-3.75% for 2-month loans, and 2.85%-6.05% for 3-month loans. Single repayment loans incur a loan fee at origination and the principal and total loan fee are due and payable at loan maturity. There are no required monthly repayments for a single repayment loan. Repaying a single repayment loan early will not reduce the loan fee we charge you. For installment loans, we charge a total loan fee that ranges from 3-9% of the amount you borrow for 6-month loans, 6-18% for 12-month loans, 9-27% for 18-month loans, and 12-18% for 24-month loans. Installment loans incur a portion of the total loan fee for each month you have an outstanding balance. If you repay the total of the principal of an installment loan early, you will not be required to pay loan fees that have not posted for subsequent months. For each loan that you take, you will see the applicable loan fee before you take the loan. Once you take the loan, the loan fees that apply to that loan do not change.  We reserve the right to change the loan fees that we offer you for new loans at any time.  American Express reserves the right to offer promotions to reduce or waive loan fees from time to time. Not all customers will be eligible for the lowest loan fee. Not all loan term lengths are available to all customers. Eligibility is based on creditworthiness and other factors. Not all industries are eligible for American Express® Business Line of Credit. Pricing and line of credit decisions are based on the overall financial profile of you and your business, including history with American Express and other financial institutions, credit history, and other factors.  Lines of credit are subject to periodic review and may change or be suspended, accompanied with or without an account closure. Late fees may be assessed. Loans are issued by American Express National Bank.

 

Single repayment loans may become available to eligible existing and new Business Line of Credit customers at different times.

 

American Express® Business Checking Account

We are currently accepting applications from eligible U.S. businesses. Not all applicants will be approved for a Business Checking account. To learn more about Business Checking, including eligibility, visit https://www.americanexpress.com/en-us/business/checking/.

 

Membership Rewards® Program

Terms and Conditions for the Membership Rewards® program apply. Visit membershiprewards.com/terms for more information. Participating partners and available rewards are subject to change without notice.

The value of Membership Rewards® points varies according to how you choose to use them. To learn more, go to www.membershiprewards.com/pointsinfo

 

Kabbage Payments, LLC is a registered Payment Service Provider/Payment Facilitator sponsored by Fifth Third Bank, N.A., Cincinnati, OH.