Business banking reimagined
Introducing a smarter way to manage operating cash
Andrew Hungate
Today, we are excited to announce you can now earn up to 3.70%† on funds in your Brex business account with same-hour liquidity.
So, how are we able to offer these returns and liquidity? 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 friction 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 with one of the largest liquidity managers in the US, BNY Investments Dreyfus.
And now? Our treasury product serves over 20,000 customers with returns, same-hour liquidity, reliable infrastructure, and innovative transaction tracking and visibility.
Same-hour 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 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 when you need them. This means your cash is earning without being locked up. With Brex processing $100M+ in transfers each day, we make it easy for you to move your money to vendors, partners, and employees.
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.
Increasing your return
Here’s what it really comes down to for most companies: how much can you earn?
Due to regulatory guidelines around portfolio composition, 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 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 — up to 3.70%† on funds held in treasury — allowing you to keep more of what your cash generates.
“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 a smarter way. We’re rethinking corporate cash management at Brex, and it’s only going to get better from here.
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You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency.
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