# 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 ### [Treasury management for busy founders](https://www.brex.com/journal/articles/treasury-management-for-busy-founders) See how Brex automates your treasury management so your finance team can stop juggling accounts and start focusing on strategic work. ### [Dude Wipes case study](https://www.brex.com/resources/customer/dude-wipes) With Brex, Dude Wipes is unlocking higher capital and rewards and saving 40 hours a week on reconciliation through automation. ### [‘Ship. Iterate. Repeat.’ A tactical guide for engineering leads](https://www.brex.com/journal/ship-iterate-repeat-a-tactical-guide-for-engineering-leads) This guide hopes to assist your team with launching products quickly and effectively. ### [“Be the Founder of Your Career” isn’t our tagline — it’s our culture.](https://www.brex.com/journal/be-the-founder-of-your-career) Hear from our Chief People Officer on why "Be the founder of your career" isn't just a tagline — it's our culture, commitment, and competitive advantage. ### [Why high-growth companies are switching spend management platforms](https://www.brex.com/journal/2022-survey) We asked CFOs and finance executives what they look for in a modern spend solution — and here’s what they said. ### [📋 The State of U.S. Early-Stage Venture & Startups: 2Q23](https://www.brex.com/resources/state-of-startups) This webinar offers timely insight into how capital flowed into and out of startups in Q2 ‘23 - and how that compares to trends in prior quarters.