Kabbage, an American Express Company, Launches Kabbage Checking for U.S. Small Businesses

By Georgio Salas.
Updated Jun 14, 2021

NEW YORK (PRWEB) June 14, 2021 - Kabbage, an American Express Company, today launched Kabbage Checking(1), the first business checking account offered by American Express and built for U.S. small businesses. With an annual percentage yield (APY) of 1.10 percent on balances up to $100,000, Kabbage Checking is designed to help small businesses grow, with no monthly maintenance fees, no set-up fees and convenient on-the-go featuresall backed by American Express.

Now available to eligible U.S. small businesses, Kabbage Checking marks the first of several new digital cash flow management solutions from American Express. American Express has also begun offering Kabbage Funding to millions of existing customers with plans to make it more broadly available later this year. Kabbage Funding offers small businesses the opportunity to apply for flexible lines of credit between $1,000 and $150,000. Together, these products are a part of an integrated platform from Kabbage, combining data-driven products, including payment processing and business insights, to help U.S. small businesses manage their cash flow.

Small businesses should not have to sacrifice the features they expect from a bank in order to experience the benefits of an affordable business checking account, said Gina Taylor Cotter, Senior Vice President of Strategy and Business Operations at Kabbage, an American Express Company. Kabbage Checking is built to give small businesses the flexibility of mobile bankingfrom in-app account management to mobile check depositswith the convenience of a traditional bankincluding in-person cash deposits, free ATM access, and a compelling APY to directly support our customers growth.

If you have the option to open a business checking account, or switch to one with better terms, I think its a no-brainer, said Tom Anderson, a Kabbage Checking customer and bestselling author and financial advisor. Ive tried multiple accounts, and for me, Kabbage Checking cant be beat. Its the best Ive found so far.

Small business owners can apply online for a Kabbage Checking account in minutes, regardless of their businesss age or revenue. Signing up is fast and there are no minimum balance requirements. Once onboarded, customers can access the following features:

Small businesses juggle a lot of to dos with financial management often being the most stressful and time-consuming one, said Alenka Grealish, Senior Analyst at Celent, a financial services technology research firm. Any simplification in accessing banking services is welcome. Moreover, any value proposition that rewards them for their banking business and charges them less translates into funds that the small business owner can use to grow the business.

Kabbage Checking and Kabbages integrated solutions are part of American Expresss expansion beyond its Card business to deepen its relationships with U.S. small businesses. Paired with its wider set of small-business products across the Global Commercial Services group, American Express aims to be a digital one-stop shop to help manage small businesses' cash flow.

U.S. small businesses can learn more about Kabbage Checking at http://www.kabbage.com/checking.

About Kabbage: Kabbage, an American Express Company, is a data and technology company providing small businesses with access to cash flow solutions, including Kabbage FundingTM, for flexible lines of credit between $1,000 and $150,000, and Kabbage CheckingTM, for online business checking accounts. For complete product details and disclosures, please visit http://www.kabbage.com.

Kabbage Funding and Kabbage Checking are trademarks of American Express.

1 Kabbage Checking is provided by Green Dot Bank, Member FDIC. For full terms and conditions, visit: http://www.kabbage.com/checking. 2 Retailer fees and limits apply. For full terms and conditions, visit: http://www.kabbage.com/checking.