3 Min Read | April 15, 2024
How to instantly deposit your loan into your American Express® Business Checking account
With instant deposit, funds drawn from your American Express® Business Line of Credit are available within seconds when you select your American Express® Business Checking account for deposit.
The following guide will walk you through the process of depositing a loan from your Business Line of Credit into your Business Checking account.
Who can use instant deposit?
American Express customers can use instant deposit if they are approved for both American Express® Business Line of Credit and American Express® Business Checking, and both these accounts are in good standing.
After logging into your account there are a couple ways to start the process of taking loan.
- From your American Express Business Blueprint™ dashboard, click the “Take a loan” button, right below your welcome message,
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- Or from the Business Line of Credit home screen, click the “Select loan amount” button under your available line of credit.
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When prompted to select a deposit location, choose your American Express® Business Checking account, identifiable by a green tag marked “Instant deposits.” By choosing this account and submitting your loan request, your funds will be available within seconds.
Please note that selecting a business checking account not affiliated with American Express will result in your funds being deposited within 1 to 3 business days.
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NOTE: If you don’t see your American Express® Business Checking account listed as a deposit location option, click “Link account.” Then click “Link bank accounts you’ve already linked to American Express” and select your Business Checking account.
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Once you’ve selected your Business Checking account as a deposit location, continue to take out your loan and sign your loan agreement.
What does “instant” mean?
“Instant” means that funds are typically available within seconds. However, the funds could take longer to post due to unexpected issues. Instant deposit is typically available 24/7 – even on weekends and holidays.
If your loan withdrawal was successful, you’ll see this success screen from which you can go to the Business Checking home page to access your funds.
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Using a business line of credit vs. business cards
While both funding options provide flexible credit solutions for your business, they serve different financial needs: Business Lines of Credit may be useful for significant, infrequent expenditures, whereas some cards allow businesses to earn rewards on their transactions.
Ready for instant deposit but missing something?
Learn more about our Business Line of Credit and Business Checking solutions today:
Meet American Express® Business Line of Credit
American Express® Business Line of Credit offers line sizes from $2,000 to $250,000. Initial line sizes above $150,000 are only available to select borrowers who have a pre-existing American Express relationship and meet other criteria.
- Term length options
6-, 12-, 18-, or 24- month loan term options with a corresponding monthly fee. ‡ Additional term lengths may be available. - Pay for what you use
Pay a fee only on the amount you use, during the months you have an outstanding balance. ‡ - Flexible access
Use what you need when you need it – with no prepayment penalties.
Already a small business Card Member with American Express?
Sign in to see if you’re pre-approved.
Meet American Express® Business Checking
Better banking, built for your business.
- No monthly maintenance fees¤
- 24/7 support – specialists are a click or call away
- Earn 1.30% APY‡ on balances up to $500k
- Membership Rewards® – Earn 1 Membership Rewards® point for every $2 you spend on an eligible purchase.‡
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TERMS AND CONDITIONS
American Express® Business Line of Credit, and American Express® Payment Accept are trademarks of American Express.
With American Express Business Blueprint™, customers can view their select business products that automatically appear on their dashboard at login. These products include American Express® Business Line of Credit, American Express® Business Checking, American Express® Payment Accept, and American Express® Business Credit Cards. Customers may also view the eligible external business bank and card accounts they choose to link to Business Blueprint.
Data insights provided through American Express Business Blueprint™ are based on customers' select business products, which include American Express® Business Line of Credit, American Express® Business Checking, American Express® Payment Accept, American Express® Business Credit Cards, and the eligible external business bank and card accounts that customers choose to link to Business Blueprint.
The data insights provided through American Express Business Blueprint™ do not constitute legal, tax, financial or accounting advice, and should not be considered 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.
The American Express Business Blueprint™ dashboard uses API connections to access, and then aggregate and analyze, data from the eligible external business bank and card accounts that customers choose to link. Customers can disable linked external accounts from Business Blueprint at any time. Some data may be delayed due to extenuating circumstances, such as the business account's connection to American Express Business Blueprint™ or issues with other API connections.
Terms, conditions, features, availability, pricing, fees, service and support options subject to change. American Express® Business Line of Credit loans are issued by American Express National Bank.
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/.
American Express® Business Checking is offered by American Express National Bank. Member FDIC.
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 Source Provider/Payment Facilitator sponsored by Fifth Third Bank, N.A., Cincinnati, OH.