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What is AmEx Send and Split and How Does It Function?
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What is the AmEx Send and Split and how does it Function?
The feature lets you give people money with no transaction costs, or even divide up a bill from in the AmEx mobile application.
Written by Melissa Lambarena Lead Writer | Credit cards and the debt Melissa Lambarena is a lead writer for the credit card team at NerdWallet. She has been a passionate writer covering credit card-related topics for over six years. Her prior experience spans nine years of experience as content creator for various sites and publications. With her efforts, she aims to help users extract the value of credit cards for financial goals such as expanding their budgets, building credit, traveling to their dream destinations, and repaying debt. She explores these topics and others in and her Millennial Money column featured in The Associated Press. Her writing has also been featured within The New York Times, Chicago Tribune, The Washington Post, USA Today and Yahoo Finance, among others. Melissa holds a bachelor's degree of sociology, earned from the University of California, Los Angeles.
Updated Oct 13, 2022 8:11AM PDT
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This feature of the Send & Split feature within the American Express mobile app lets users with a valid card send cash to or share purchases with, or with any Venmo or PayPal user, without cost.
So if you're not carrying cash at the moment or you're just a few bucks short, you can lean on your credit card to avoid awkward conversations while dividing your bill. It also allows you to pay off the bill at a comfortable time. In addition, you'll reduce transaction costs when you do so, save money.
This option is available only to U.S. consumer credit cardholders. Here's how it works.
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Send & Split: The fundamentals
As the name of this feature indicates it has two options split and send.
For either option, you'll have to enroll by accessing the AmEx application, then going to the account tab, and then selecting the "Send and Divide" option. After you've enrolled, you'll need to link your Venmo as well as PayPal account to be able to transfer or receive money.
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How do I transfer money using "AmEx Send"
It is possible to transfer money via PayPal, the AmEx application, Venmo app or PayPal application. In any case the money will be funneled into the "AmEx Send" account that is created automatically when you sign up for Send & Split.
Sending money from the AmEx app
This feature allows you to make use of the AmEx card to transfer money to any PayPal or Venmo customer , without incurring the typical fees applicable to credit card transactions. (Normally in the event that you were to use a credit card this way through PayPal or Venmo, you'd incur the cost of 3%.)
You can add money to your AmEx Send account right away using the help of your AmEx credit card and send it to any other Venmo or PayPal user. The funds you transfer will show up as a charge on your card's statement and will be treated as the purchase. However, you will not earn any rewards for the transaction. The terms and conditions apply.
AmEx limit the amount you can deposit into your AmEx Send account. The amount is listed in the app as "Available to add." AmEx states it is determined through the card's "rolling 30 day limit on transactions per person as specified in your card's membership agreement," and is subject to AmEx approval.
Nerdy Tip
The majority of consumers who qualify are able to add up to 22,000 dollars on their AmEx Send account. The Platinum Card(r) from American Express can add up to $4,000 and the Centurion card is able to increase the amount to $5,000. Terms apply. You can only transfer up to $10,000 per transaction using the AmEx send account. These transactions, too, will be limited to a roll-over 30 day transaction limit. The terms and conditions apply. PayPal and Venmo may also limit the amount you can transfer.
Paying with the Venmo or PayPal app
To transfer money through Venmo or PayPal, add money in Your AmEx Send account to Venmo or PayPal and then pay money in the same manner as you would in those apps.
To make the payment to make the payment, you must switch your payment method to an AmEx Send account. The amount you're transferring must be more than the sum that's in your Venmo balance. Otherwise, your Venmo balance will become the default method of payment.
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How to split purchases with 'AmEx Split'
With this option you can purchase anything using your card- and earn all the rewards from the purchase -- and then split the cost with other Venmo as well as PayPal users. There is no cost to the splitting of purchase.
In the AmEx app, you select a single purchase or multiple purchases to split with up to 20 people. You can divide the cost equally or make a customized allocation. These people will receive the payment request via Venmo or PayPal like they normally will.
When they pay you back, you can choose whether you'd like the cash to be deposited directly into your credit card in the form of credit to your statement or into a PayPal or Venmo account. Be aware, if you aren't reimbursed, you're still accountable for the amount charged to the card. The original transaction could be subject to fees or interest. Conditions apply.
For a hefty expense that isn't paid completely, cost of interest could eat from the amount of reward you get from the transaction. If that was your incentive for covering the bill then it doesn't serve the purpose. To keep your finances in check, utilize this feature to divide purchases with people you trust to pay you back.
Nerdy Tip
AmEx Send and AmEx Split are compatible with any Venmo or PayPal users; however, they are not required to be American Express cardholders.
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Author bio Melissa Lambarena is a credit card writer at NerdWallet. Her work has been highlighted in The Associated Press, New York Times, Washington Post and USA Today.
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