3 Min Read | Published: April 15, 2024 | Updated: November 5, 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 “Fund my account” 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
- 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.‡
STILL NEED HELP?
Reach out to us for further guidance.
Deposit accounts offered by American Express National Bank. Member FDIC.
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.