Business banking reimagined
Introducing the highest-returning, lowest-risk treasury product
Andrew Hungate
Today, we are excited to announce higher returns for our flagship Brex business account product. You can now earn up to 4.34%† on funds in your treasury account holding government MMFs, with same-hour liquidity, making Brex’s offering the highest-returning treasury product of its type in the market.
So, how are we able to offer such a high rate? It all comes down to how Brex is built.
The Brex difference: Building from the ground up
At Brex, we build as close to the metal as possible. That means a card product developed directly on the Mastercard network. Accounting software that speaks seamlessly with your ERP. And banking that is integrated in real time with global payment networks.
This can take more work up front, but in the long run, it results in a better product. It gives us the freedom to build around your needs, not someone else’s roadmap. It reduces risk by minimizing third-party dependencies. And it lets us pass more value back to you.
Our approach for our treasury account was no different. While everyone else was busy wrapping a middleware banking as a service product in 2019, we opened our own broker-dealer, Brex Treasury LLC. Then we began working directly with one of the largest liquidity managers in the US, BNY Investments Dreyfus.
And now? We have the best treasury product in the market, serving 20,000 customers with same-hour liquidity, reliable infrastructure, innovative transaction tracking and visibility, and industry-leading return with the lowest risk profile available.
Superior liquidity
Quick access to your invested cash is critical. Whether you’re a fast-moving startup or a large-scale enterprise, you need the ability to move your funds at a moment’s notice.
Unfortunately, most other fintechs rely on third parties to manage their trades and money movement. This slows down settlement times to once every 24 hours at best. And if anything goes wrong with the trade, you are likely waiting 24 to 48 hours for the issue to be resolved.
At Brex, our direct treasury integration allows us to trade rapidly throughout the day, which means we’re able to give you not just same-day liquidity, but same-hour liquidity — so you can access your funds whenever you need them. This means your cash is always earning more without being locked up. With Brex processing $100M+ in transfers each day, you can rest assured that we make it easy for you to move your money to vendors, partners, and employees without delay.
Single-party reliability
When trading and account balances are handled by multiple parties, things can slip through the cracks. Ledger discrepancies, reporting delays, or even worse — confusion over who’s actually holding your money.
With Brex, we’re the only party servicing your investment accounts. You get your statements directly from us. And we work closely with FINRA and auditors to make sure everything is buttoned up and compliant.
Maximizing your return
Here’s what it really comes down to for most companies: how much can you earn?
Due to strict regulatory guidelines around portfolio composition, government money market funds tend to all have similar gross returns. However, most investors will only ever receive the net yield, which will vary depending on management fees.
The same is true of fintechs that work through intermediary broker dealers. They only get the net yield to pass back to their customers, after the full cut of fees is taken out.
Brex takes a different approach. Thanks to our direct arrangement with Dreyfus at BNY Mellon, we are able to return the fund’s fee back to you. Plus, the more you deposit, the higher return rate you can earn, allowing you to keep more of what your cash generates. With Brex, you can earn the highest possible return — up to 4.34%† on funds held in treasury — without sacrificing safety or liquidity.
“The yield we earn from Brex’s business banking account has materially extended our runway.”
The bottom line: Corporate cash that works harder
With a Brex treasury account, you’re not just parking cash — you’re putting it to work in the smartest way possible. Our direct model means you get the highest returns, the fastest liquidity, and the lowest risk profile every step of the way.
We’re rethinking corporate cash management at Brex, and it’s only going to get better from here.
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