AmEx Debuts Debit Card in War for Small-Business Customers
- Accounts to come with $300 cash bonus, 1.1% annual yield
- Small-business clients ‘have come out of the pandemic strong’
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American Express Co. unveiled its first-ever debit card as competition for small-business customers heats up.
The card will be part of a new digital business checking account, New York-based AmEx said in a statement Thursday. While other banks have long used AmEx’s network for debit cards of their own, this marks the first time the payments giant is issuing a debit card itself.