# Brex Program Banks List

The following is a list of program banks that currently participate in our FDIC Sweep program. 

**URL Source:** https://www.brex.com/legal/brex-cash-partner-banks

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The following is a list of program banks that currently participate in our FDIC Sweep program. Please check this list periodically, as program banks may be added or removed.   
  
Uninvested cash in your Brex business account will automatically be swept into these banks in a predetermined order, and you will be eligible for up to $250,000 in FDIC insurance as described in the [Brex Business Account Sweep Disclosure](https://www.brex.com/legal/brex-cash-sweep-disclosure):

1. Axos Bank, Member FDIC
2. East West Bank, Member FDIC
3. Hinsdale Bank & Trust Company, N.A., Member FDIC
4. Lake Forest Bank & Trust Company, N.A., Member FDIC
5. LendingClub Bank, N.A., Member FDIC*
6. Merchants Bank of Indiana, Member FDIC
7. Old Plank Trail Community Bank, N.A., Member FDIC
8. Town Bank, N.A., Member FDIC
9. Wheaton Bank & Trust Company, N.A., Member FDIC
10. Barrington Bank & Trust Company, N.A., Member FDIC
11. Northbrook Bank & Trust Company, N.A., Member FDIC
12. State Bank of the Lakes, N.A., Member FDIC
13. Wintrust Bank, N.A., Member FDIC
14. UMB Bank, N.A., Member FDIC
15. Beverly Bank & Trust Company, N.A., Member FDIC
16. Crystal Lake Bank & Trust Company, N.A., Member FDIC
17. Libertyville Bank & Trust Company, N.A., Member FDIC
18. Exchange Bank, Member FDIC
19. Schaumburg Bank & Trust Company, N.A., Member FDIC
20. Poppy Bank, Member FDIC
21. Flagstar Bank Bank, N.A., Member FDIC
22. Cornerstone Capital Bank, Member FDIC
23. Farmers and Merchants Bank, Member FDIC
24. St. Charles Bank & Trust Company, N.A., Member FDIC
25. Village Bank & Trust, N.A., Member FDIC
26. The Freedom Bank of Virginia, Member FDIC
27. CIBC Bank USA, Member FDIC

*Planned removal from Program Banks on 11/29/2024



If you have any questions or want to opt out of any program banks (which you can do at any time), please email contact@brex.com. Please see our program disclosures for more information.



**Do I still have access to my cash that’s been swept to the program banks?**

Yes, your uninvested cash in the partner banks is available for withdrawing, spending, and investing through your brokerage account.



**What if I already have an account at one of your program banks?**

FDIC insurance at each program bank takes place at the customer level. So, if you already have deposits at one of the program banks then those deposits will be aggregated with your Brex business account balance to determine the $250,000 FDIC insurance limit.