What banks accept American Express for a cash advance?

07 Mar 2023 By PAYCEC

When credit cards aren't accepted, but you need money immediately, a cash advance can be a good option. If you have an Amex credit card, you can use your PIN to get a cash advance from a participating ATM. It is convenient, but it is very costly. 

Using your credit card to withdraw cash can bury you in fees and interest charges, making it harder to pay off your card. You have to pay ATM and cash advance fees and a high-interest rate that begins accruing immediately. In other words, taking a cash advance from your American Express credit card will make your money go further. If you have other options, it is best to pursue them first.

When you use your Amex credit card to get a cash advance, you must pay $10 or 5% of the amount, whichever is greater. Here's how much it costs.

Assume you need money for dinner at a restaurant that does not accept American Express. The cash advance fee is $10 if you withdraw $30 from a nearby ATM, meaning that American Express will charge you $40 in exchange for $30 in cash.

For those who cannot comfortably spend $1,000 or more at a department store, this card provides a much quicker entry point into getting the most out of the Macy's loyalty program—especially since there is no annual fee.

American Express (Amex) cash advances are generally available at banks that accept Amex cards. However, it is important to note that cash advances usually come with high fees and interest rates, so they should only be used in emergencies. Here are some banks that may accept Amex for cash advances:

  • Bank of America
  • Wells Fargo
  • US Bank
  • TD Bank
  • PNC Bank
  • SunTrust Bank
  • Fifth Third Bank
  • First National Bank of Pennsylvania
  • Huntington National Bank
  • BBVA Compass Bank

It is always best to check with the specific bank in advance to ensure that they accept Amex for cash advances and to confirm any fees or limits associated with the transaction.

Read more: 

Types of payment gateway.

Benefits of online payment gateway.

American Express (Amex) payment gateway.

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