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What is the AmEx Send and Split and How Does It Work?
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What is the AmEx Send and Split and How Does It Work?
This feature lets you transfer people money with no fees for transactions, or split up a bill from inside the AmEx mobile application.
Written by Melissa Lambarena Lead Writer | Credit cards credit cards, the debt Melissa Lambarena is a lead writer on the credit cards team at NerdWallet. She has been enthusiastically covering topics related to credit cards for more than six years. Her previous experiences include nine years as a content creator for several publications and websites. With her efforts, she hopes to help users extract benefits from credit cards in order for financial goals such as increasing their budgets, establishing credit, traveling to dream destinations and repaying debt. She writes about these topics along with others in The Millennial Money column featured in The Associated Press. Her work has also appeared in The New York Times, Chicago Tribune, The Washington Post, USA Today and Yahoo Finance, among others. Melissa holds a bachelor's degree in sociology at The University of California, Los Angeles.
Updated October 13, 2022 8:11AM PDT
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This feature of the Send & Split feature within the American Express mobile app lets the cardholders who are eligible to pay funds to share purchases with, or with any Venmo and PayPal user at no extra cost.
So if you're not carrying cash or you're just a few bucks short, you can lean on your credit card, avoiding awkward conversations about how to split the cost of a bill, and also allowing you to pay for the balance at a suitable date. More importantly, you can reduce transaction costs when you do so, save money.
This option is only available exclusively to U.S. consumer credit cardholders. Here's how to use it.
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Send and Split: The fundamentals
As the name of this feature suggests, there are two possibilities split and send.
To do either, you'll have to enroll by signing into the AmEx application, then going to the account tab, and then selecting the "Send & split" option. Once you're enrolled, you'll be required to link the account to either Venmo as well as PayPal account in order to transfer or receive money.
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How do I transfer money using 'AmEx Send'
It is possible to transfer money via the AmEx App, Venmo app or PayPal application. If you choose any of these options, the money will be routed through the "AmEx Send" account that will be created automatically once you join Send & Split.
Sending money from the AmEx app
This option allows you to make use of your AmEx card to make payments to any PayPal or Venmo client without having to pay the typical fees applicable to credit card transactions. (Normally, if you were to use a credit or debit card in this manner via PayPal or Venmo it would cost you an additional fee of around three percent.)
You can add money to the AmEx Send account immediately using your AmEx credit card and transfer it to another Venmo as well as PayPal user. The funds you transfer will show up as a transaction on your card's statement, and will be treated as an actual purchase. However, you do not earn any rewards for the transaction. The terms and conditions apply.
AmEx limit the amount you can add to an AmEx Send account. That amount is identified in the app as "Available to add." AmEx states that it's determined by the card's "rolling 30 day limit on transactions per person that is contained in your card's member agreement," and it's subject to AmEx approval.
Nerdy Tip
The majority of consumers who qualify can add as much as $2,000 to your AmEx Send account. The Platinum Card(r) of American Express can add up to $4,000 and the Centurion card could be used to add up to $5,000. The terms and conditions apply. You can only transfer up to $10,000 in a single transaction through your AmEx send account. The transactions, too, will be subject to a rolling 30 day limit on transactions. Terms and conditions apply. PayPal and Venmo may also limit the amount of money you can send.
Paying with your account on Venmo as well as the PayPal app
To transfer money using Venmo or PayPal you need to add funds into the AmEx Send account to Venmo or PayPal and pay money in the same manner as you would within those apps.
To pay for the transaction change you payment option to the AmEx Send account. The amount you're transferring must be greater than the amount of your Venmo balance. If not you'll be charged the Venmo balance will be your default method of payment.
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How can you split purchases using "AmEx Split"
By using this method you are able to pay for something using your credit card- and earn all the benefits from the purchase- and then split the cost with fellow Venmo as well as PayPal users. There is no cost for splitting the cost of purchases.
In the AmEx app, you choose a single purchase or multiple purchases that you can split among up to 20 people. You can split the cost equally or create a custom allocation. The people who are affected will receive a payment request through Venmo or PayPal like they normally would.
If they reimburse you it is your choice whether you'd prefer the funds to be transferred directly to your credit card account as a statement credit or into an account with PayPal or Venmo account. If you aren't reimbursed, you're still accountable for the amount charged to the card. The original transaction may be subject to charges or interest. Conditions apply.
For a hefty expense that isn't paid in full, the cost of interest could eat at the value of any benefits you earn from the transaction. If that was the incentive to pay the bill then it doesn't serve the purpose. To keep your finances on track, you should only use this feature to split purchases with people you trust to pay you back.
Nerdy Tip
AmEx Send and AmEx Split are compatible with any Venmo or PayPal user. They don't require you the requirement to have American Express cardholders.
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About the author: Melissa Lambarena is a credit cards writer at NerdWallet. The work she writes has been highlighted on The Associated Press, New York Times, Washington Post and USA Today.
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