Best checking accounts for US

 

The best checking accounts for US 

I found the sauce it's the newly launched and top checking account of 2022 and I honestly think it's safe to say it's one of the best bank accounts of the decade 

Yeah and there are lots of bonuses perks rewards and amazing benefits associated with this new checking account 

If we haven't met before I am bansi here at smart money moves where we talk all things money and investing 

American Express, for the first time ever, has launched its digital checking account for its u.S consumers now of course in Amex language it is called the American express rewards checking account 

Because it truly is my checking account offers two big perks number one is you can earn an apy which is an annual percentage yield of 0.5 that's right 0.5 ap which is 10 times higher than the national average pay 

Now mind you most bank accounts more specifically checking accounts don't even offer any apy other than a plastic card so-called a debit card and that's it 

So the second big perk is on top of the point five percent apy you can also earn membership rewards points on debit card purchases wait 

What are you serious yeah you can now earn one reward point for every two dollars spent on eligible debit card purchases and then you can redeem those points for deposits right into your Amex rewards checking account this is so unheard of guys okay 

I might be a bit overexcited because I truly love Amex as a company but now according to American express if consumers already have an Amex card that earns membership reward points 

The points will be pulled with those earned by the new debit card as well yes this is huge if you think about it it could potentially make your points worth a lot more than they are so if you have a card like for example Amex gold card or a platinum card 

You'll be able to redeem the points you earn while with your Amex rewards checking debit card for travel at American express travel or you can even transfer them to any Amex 21 airlines and hotel partners pretty awesome.

I had to open it right away as it was launched just a couple of days ago this bank account in my opinion is a no-brainer for us rewards lovers and overall for those who love to earn interest in their checking account 

This is amazing now this checking account is only available to all consumers cardholders basically the business cardholders won't be able to qualify 

But that's okay because just last year Amex launched a checking account for business by a company called cabbage after they acquired the company 

Now this new checking account will also be integrated into the American Express app and provide perks including purchase protection on debit card purchases covering accidental damage or theft for up to 90 days from the covered purchase date 

And the coverage is limited to up to one thousand dollars per occurrence up to fifty thousand dollars per account per calendar year 

I think that should be more than enough for everyone and on top of this they also offer 24 7 customer service which we already know Amex has superb customer service no doubt about that 

Also, there is no fee whatsoever to open this checking account and no monthly maintenance fee or minimum balance fee is required 

This bank account will also offer free atm withdrawals with their debit card at 37 000 money pass atm locations nationwide and I think the debit card is also contactless-enabled for tapping go payments 

So with all that in mind should you open this checking account well, I am just mad that they are not offering like 50 000 rewards points to open the account just kidding 

But literally, this bank account comes with everything you can think of and more so definitely a big win for us 

So who is eligible to apply for an Amex rewards checking account while it is super quick and easy and only American Express card members with a consumer card can apply to open American express rewards checking account 

You must also be the primary cardmember and must have your card for a minimum of three months before applying 

So to be clear no this video is not sponsored by AMEX I wish they would but no I honestly just love everything the checking account has to offer so please feel free to check it out anyways 

I wanted to make it super quick I hope I was able to add some value and help you in your decision-making for the best bank account of 2022.

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