# Answering common questions about the Brex business account Erik Zhou, Chief Accounting Officer, breaks down how the Brex business account is different from a bank. **URL Source:** https://www.brex.com/journal/answering-common-questions-about-brex-business-account --- ![Erik Zhou-BB-hero](https://brand.brex.com/transform/1ffe84ae-a1b0-4f59-9889-4d34fa4e246c/Erik-Zhou-BB-hero) # Answering common questions about the Brex business account _Note: Since publication, Brex’s FDIC insurance limit has increased to _$6M_. This article has been updated to reflect the new limit._ ### Header About Erik ### Text Erik Zhou is the Chief Accounting Officer at Brex and the President of our broker dealer. Before joining Brex, he served for 11 years at PwC working in the securities industry focusing on FINRA and SEC regulations. He also led the formation of Brex’s broker dealer back in 2019. ### Header The Brex business account explained. ### Text There’s been a lot of uncertainty in our industry in the past few days following the news about Silicon Valley Bank. Executives from companies of all sizes all have the same question: “How can I make sure our cash is safe?” As Brex’s Chief Accounting Officer, I run the day-to-day financial operations at Brex, and I know how it feels to have a fiduciary duty to your investors, employees, suppliers, and customers. As you weigh all available options, I want to ensure you have all of the information you need to make the best decisions for your business's financial future. Four years ago, I was part of the team that designed and launched the Brex [business account](https://www.brex.com/product/business-account). When we were initially designing this [cash management account](https://www.brex.com/spend-trends/financial-operations/cash-management-account), we had three main goals in mind: 1. To seek to preserve your deposits 2. To provide easy access (daily liquidity) for your full balance 3. To mitigate your risk by diversifying your funds In the following video, I hope to give further insight into how we accomplish each of these goals today and the security and peace of mind you can expect as a Brex business account customer. ![Erik Zhou explains BBA V2](https://d3cy9zhslanhfa.cloudfront.net/media/FEAC3578-510F-4DA0-9BFF6291AD34EAE6/F23E6176-F812-400A-AB7637AD24ADDA1E/0C1387DB-2F55-44B7-90DFF599EA4E9D87.mp4) ### Header Learn more ### Text Brex is proud to serve companies of all sizes and offer a [cash management solution](https://www.brex.com/spend-trends/financial-operations/cash-management-solutions) designed to help protect your business needs. You can learn more how the Brex business account works and the up to $6M in FDIC insurance we offer [here](https://www.brex.com/journal/how-business-account-works). ### Image ![Closed-loop-dark](https://brand.brex.com/transform/d2f2341f-92ea-4983-a67d-417a52921900/Closed-loop-dark) ### Content See what Brex can do for you. Learn how our [spend management platform](https://www.brex.com/product/spend-management) can increase the strategic impact of your finance team and future-proof your company. [Contact sales](https://www.brex.com/sales) | [Open an account](https://www.brex.com/signup) ## Related Articles ### [The end of the trade-off: How AI agents broke the onboarding trilemma](https://www.brex.com/journal/rebuilding-onboarding-ai-native) Brex rebuilt onboarding as an AI-native, multi-agent system and can now onboard customers in minutes, with greater accuracy and scale. ### [Statsig case study](https://www.brex.com/resources/customer/statsig) See how preparing for a company retreat helped Statsig accelerate expenses, accounting, and vendor payments using Brex. ### [Why I believe in growth mindset](https://www.brex.com/journal/why-i-believe-in-growth-mindset) This is a memo I shared with our team last year about the importance that a growth mindset had in my life — also becoming a Brex value at the end of 2020. ### [Banking launch](https://www.brex.com/journal/brex-startups-modern-banking) Who you bank with matters. Set yourself up for success from Day 1 with a powerful banking experience tailored to startups. ### [Accounting announcement](https://www.brex.com/journal/accounting-partner-program) We’ve enhanced our accounting partnership program to help firms automate client workflows and help them do more with less. ### [The next era of startup banking](https://www.brex.com/journal/next-era-startup-banking) SVB’s collapse left a void that goes much deeper than deposits. See how Brex is filling the gap in this guest post from accounting firm Rooled.