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did you know if you open a HYSA at american express, you cannot transfer funds from a business checking account linked to that HYSA?

the only way to do it would be AMEX checking -> some other account -> AMEX HYSA

and this has apparently been an issue for YEARS

@molly0xfff If they offered direct transfer, you could keep your money in the HYSA until the due date of your Amex balance, then pay the balance. Where's the profit in that for Amex? They make money when you pay late.

Molly White

@newstik you can do that with their standard savings, why not the HYSA?

@molly0xfff I dunno. Probably because the HYSA pays higher interest, so they'd lose more money?