# YC F26 terms and conditions YC F26 terms and conditions **URL Source:** https://www.brex.com/legal/yc-f-26-terms-and-conditions --- **Y Combinator F26 Studio Days Option Offer Terms and Conditions** These Y Combinator F26 Studio Days Option Offer Terms and Conditions ("Offer Terms") govern the promotional offer described below (the "Offer") made available by Brex LLC ("Brex," "we," "us," or "our") to eligible businesses (each, an "Eligible Business," as defined below). "You," and "your" refer to the business participating in or seeking to participate in this Offer. By participating in the Offer, you agree to be bound by these Offer Terms, by the [Brex Rewards Terms](https://www.brex.com/https://www.brex.com/legal/rewards), and by any other Brex agreements and terms applicable to you or the products and services you use (collectively, the "Terms"); see [brex.com/legal](https://www.brex.com/http://brex.com/legal) for more information. In the event of a conflict between these Offer Terms and any other Brex agreement or terms, these Offer Terms control with respect to the subject matter of the Offer. **Eligible YC F26 Businesses** The Offer is available only to Y Combinator ("YC") portfolio businesses that satisfy the eligibility requirements described below. To be eligible (an "Eligible Business"), you must, at the time of participation, satisfy all of the following: 1. presently be a YC portfolio company in the F26 batch, as verified by Brex; 2. apply for, be approved for, and activate, a Brex account; 3. be a new Brex customer that has not previously held a Brex account; 4. maintain your account, including each relevant product-specific account(s), i.e., Brex Card and/or Brex Business Account, as applicable, in good standing, and as determined by Brex in its sole discretion and in accordance with all Terms; and 5. participate in the Offer once per business. The Offer is non-transferable, may not be sold or assigned, and may not be combined with any other offer, and has no cash alternative or surrender value except as expressly provided in these Offer Terms. Brex reserves the right to verify eligibility and to withhold, reverse, or reclaim any benefit if eligibility is not met or cannot be verified. **Conditional Benefit #1: 300,000 Points (redeemable for cash)** If you apply for, are approved for, and activate either Brex Card or Brex Business Account; or, both Brex Card and Brex Business Account, you may earn a one-time grant of 300,000 Points, redeemable for a one-time cash amount of $3,000, subject to the Brex Rewards Terms and all Terms. To activate your Brex Card, you must spend on the Card. To activate your Brex Business Account, you must make a deposit to the account. If you apply for, are approved for, and activate both Brex Card and Brex Business Account, you remain eligible for only one, one-time grant of 300,000 Points. Points are redeemable for cash at a ratio of 1 Point to $.01 for this Offer. Points are granted and redeemable for cash 30 days after these qualifying conditions are met and verified. No Treasury investment is required to qualify for this Conditional Benefit; allocation of funds to the checking or Treasury account is subject to your preference for purposes of this Conditional Benefit. **The Offer Choice (Choose One of Conditional Benefit #2 or Conditional Benefit #3)** Subject to these Offer Terms, Eligible Businesses may elect ONE, and only one, of the following two Benefits (the "Offer Choice"): (Option 1) the Cash Bonus described in Conditional Benefit #2; OR (Option 2) the Studio Days video benefit described in Conditional Benefit #3. You may not receive both. You make your election by replying to your Offer email with your choice no later than September 30, 2026. If Brex does not receive your election by September 30, 2026, you will be defaulted to Option 1 (the Cash Bonus), and no further action is required. Your election is final as of September 30, 2026 and may not be changed after that date, except as expressly provided in Conditional Benefit #3 (slot availability). **Conditional Benefit #2 (Option 1): 400,000 Points (redeemable for cash)** If, while you are in the F26 YC batch, you apply for, are approved for, and activate your Brex Business Account, and it remains open and in good standing under the [Brex Business Account Agreement](https://www.brex.com/https://www.brex.com/legal/product-terms/treasury/agreement) and all Terms, and you make your initial YC investment of $500,000 into an eligible Brex Checking and/or Treasury account (Initial Deposit) no later than September 30, 2026, and maintain a balance of at least $400,000 in an eligible Brex Checking and/or Treasury account for at least 90 consecutive days (the "Qualifying Period") and as measured by the closing balance each calendar day, you may earn a one-time grant of 400,000 Points, redeemable for a one-time cash amount of $4,000, subject to the Brex Rewards Terms and all Terms. Points are redeemable for cash at a ratio of 1 Point to $0.01 for this Offer. Points are granted and redeemable for cash 30 days after these qualifying conditions are met and verified. This Cash Bonus is the default Benefit if you do not elect Option 2. No Treasury investment is required to qualify for this Conditional Benefit; allocation of funds to the checking or Treasury account is subject to your preference for purposes of this Conditional Benefit. **Conditional Benefit #3 (Option 2): Brex Studio Days (launch video, in lieu of the Conditional Benefit #2 400,000 Points)** In lieu of the 400,000 Points in Conditional Benefit #2, you may elect to participate in "Brex Studio Days," a launch-video filming session, subject to the conditions below. By electing Option 2, you forgo the 400,000 Points in Conditional Benefit #2, except as expressly provided below. **Eligibility and participation.** To be eligible for and to receive the Studio Days benefit, you must: (a) be an Eligible Business; (b) transfer your initial YC investment to your Brex Business Account no later than September 30, 2026, and keep it at Brex through the date of your filming session; (c) elect Option 2 by replying to your Offer email no later than September 30, 2026; and (d) attend your assigned filming session in person. Filming sessions are scheduled for October 26-28, 2026, in one-hour slots between 9:00 a.m. and 6:00 p.m. **What you receive.** If you satisfy the conditions above and attend your session, you will receive: an edited one-minute launch video in 4K; the associated RAW 6K footage and audio; delivered via Dropbox, typically within 48-72 hours after filming. The video and footage are yours to use as you determine. **Slots; first come, first served; 400,000 Points fallback.** Filming slots are limited and assigned on a first-come, first-served basis. If you timely elect Option 2 but Brex is unable to assign you a slot, you will instead receive the 400,000 Points described in Conditional Benefit #2, provided you meet its conditions; electing Option 2 will not cause you to lose the 400,000 Points where a slot is unavailable. **Forfeiture for non-attendance.** Because Brex must confirm attendance to plan the filming sessions, if you elect Option 2 and are assigned a slot but do not attend your session, you forfeit both the Studio Days benefit and the 400,000 Points. Please elect Option 2 only if you are confident you can attend. **Third-party provider; no Brex production; no warranties.** The filming and production services are provided by a third-party provider and crew, not by Brex. Brex is not filming, producing, or editing the videos, and the creative output belongs to the provider and to you, not to Brex. Brex makes no representations or warranties regarding the Studio Days benefit, the filming, the footage, the video, or their fitness for any purpose, and Brex is not responsible for the third-party provider's performance, delivery, timing, or output. Delivery timing is an estimate and is not guaranteed. **No revisions.** Due to the number of participating founders and the timeline, no edit revisions are provided. You will receive the RAW footage and materials to make changes yourself or through an editor of your choosing. **Preparation.** You are responsible for writing your own script in advance using the template and examples provided; the provider will help you refine it during your session. **Marketing and likeness.** Brex may photograph or film behind-the-scenes content at Studio Days for Brex marketing purposes. Brex will confirm with you what you are comfortable with before using any such content, and, separately, before sharing or tagging your video. **Tax treatment.** The Studio Days benefit (or its value) may constitute taxable income to you. See the Taxes section below. **Conditional Benefits #4(A)-(B): Cash Back on Brex Card Spend, Paid in Points (redeemable for cash)** If, while you are in the F26 YC batch, you apply for, are approved for, and activate your Brex Card by spending on it, you may earn cash back on your Eligible Spend, paid in Points redeemable for cash subject to the [Brex Rewards Terms](https://www.brex.com/https://www.brex.com/legal/rewards) and all Terms, as follows: **A. Base cash back (1.5%).** Beginning no later than 30 days after activating your Brex Card, you may earn Points equal to 1.5% cash back on all your Eligible Spend. You may continue to earn 1.5% cash back on your Eligible Spend for so long as your Brex Card remains open and in good standing in accordance with all Terms, even after you are no longer in the F26 YC batch. **B. $10,000 Threshold bonus (one-time additional 3.5% on the first $10,000).** If, while you are in the F26 YC batch, you reach at least $10,000 in Eligible Spend, you may earn an additional 3.5% cash back on your first $10,000 of Eligible Spend. So your first $10,000 of Eligible Spend earns 5% cash back total (a one-time grant of 50,000 Points, redeemable for a one-time amount of $500). If your Eligible Spend does not reach $10,000 while you are in the F26 YC batch, you do not earn this 3.5% bonus and earn only the 1.5% base cash back on that spend. This 3.5% bonus is a one-time benefit on your first $10,000 of Eligible Spend and does not apply to Eligible Spend over $10,000. "Eligible Spend" means transactions made and cleared on your Brex Card, and excludes any transactions that do not accrue Points under the Brex Rewards Terms, including cash equivalents, fees, fines, and disputed, returned, or charged-back transactions. Cash back is paid in Points and is subject to the [Brex Rewards Terms](https://www.brex.com/https://www.brex.com/legal/rewards) and all Terms, including any conditions on award and redemption. Points are redeemable for cash at a ratio of 1 Point to $0.01 for this Offer. Points are granted and redeemable for cash 30 days after the qualifying conditions are met and verified. **Conditional Benefit #5: La Marzocco GS3 Espresso Machine and Jay Grinder (or Points Equivalent)** If, while you are in the F26 YC batch, you apply for, are approved for, and activate your Brex Business Account; and you make your Initial Deposit, which, as defined above, means a one-time deposit of $500,000 into an eligible Brex Checking and/or Treasury account; and run your first payroll from your Brex Business Account, as verified by Brex; and your Brex Business Account remains open and in good standing under the [Brex Business Account Agreement](https://www.brex.com/https://www.brex.com/legal/product-terms/treasury/agreement) and all Terms, in good standing throughout all applicable qualification and payout period(s) and in accordance with all Terms; you may earn either (at your election): (a) a La Marzocco GS3 espresso machine and Jay grinder (the “Promotional Awards”); or (b) a one-time grant of 760,000 Points, redeemable for a one-time cash amount of $7,600, in lieu of the Promotional Awards, subject to the Brex Rewards Terms and all Terms. You may elect only one form of this Benefit, either the Promotional Awards or the 760,000 Points, not both, and you will let us know. Points are redeemable for cash at a ratio of 1 Point to $0.01 for this Offer, and are granted and redeemable for cash 30 days after the qualifying conditions are met and verified. Limit one Promotional Awards set or one Points grant per business, while supplies last. If you elect the Promotional Awards, they will be shipped by La Marzocco to your verified U.S. physical address; Brex makes no guarantees relating to shipping or receipt, any manufacturer warranty is provided by the manufacturer, La Marzocco, not Brex, and Brex makes no warranties regarding the Promotional Awards. Receipt of either the Promotional Awards or the Points equivalent may have tax consequences. See Taxes section below for more information. No Treasury investment is required to qualify for this Conditional Benefit; allocation of funds to the checking or Treasury account is subject to your preference for purposes of this Conditional Benefit. **Conditional Benefit #6: “Highest Offered Tiered Return” on Treasury Account** If, while you are in the F26 YC batch, you apply for, are approved for, and activate a Brex Business Account; and it remains open and in good standing under the [Brex Business Account Agreement](https://www.brex.com/https://www.brex.com/legal/product-terms/treasury/agreement) and all Terms; then for the twelve (12) consecutive months counted from the date of your first deposit to your Brex Treasury account, the funds you allocate to your Brex Treasury account will earn Brex's highest available tiered return ("Highest Offered Tiered Return"), granted irrespective of account balance. “Highest Offered Tiered Return” means the variable yield on shares of the fund BNY Dreyfus Government Cash Management Fund (DGVXX), which fluctuates daily, plus a fixed additional return enhancement paid by Brex Treasury LLC, in the amount of 0.35%. Total return (yield plus additional return) is variable and subject to change, is not guaranteed, and is earned only on funds invested in your Treasury account and not Checking, Vault or any other account. Yield is a function of market conditions, and past performance does not guarantee future results. After the twelve (12) consecutive months from the date of your first deposit to your Brex Treasury account, your Brex Treasury account will lose eligibility for the Highest Offered Tiered Return promotional rate. Instead, your funds will then earn a standard tiered return on your Treasury account balance, which is determined by your overall account balance. See [here](https://www.brex.com/https://www.brex.com/support/mmf-brex-business-account) and the Important Disclosures section below for more information. Unlike the other Conditional Benefits, this Conditional Benefit requires funds to be allocated to your Treasury account; funds in Checking or Vault do not earn the Highest Offered Tiered Return. **Points; Redemption; Revocability** Each Benefit with a potential cash award is paid in the form of Points, which are redeemable for a cash amount at a ratio of 1 Point to $0.01, for this Offer, subject to the [Brex Rewards Terms](https://www.brex.com/https://www.brex.com/legal/rewards). Redemption of Points for cash is governed by, and available as described in, the Brex Rewards Terms. Prior to redemption, Points are promotional and fully revocable and Brex may withhold, forfeit, expire, claw back, reverse, or disqualify unredeemed Points, including where an account is not in good standing or where Brex determines there has been fraud, abuse, gaming, or ineligibility. Points have no cash value except upon redemption in accordance with the Brex Rewards Terms. In addition to the revocability of unredeemed Points, Brex may withhold, reverse, or recover the value of any Benefit (including amounts already redeemed) if: (a) the relevant account is closed or becomes inactive; (b) qualifying balances are withdrawn below the required threshold before the end of any applicable holding period(s); (c) a chargeback, reversal, fraud, or misuse is identified; (d) you are determined to have been ineligible; or (e) you violate any Terms. **Modification; Suspension; Termination** Brex may modify, suspend, or terminate the Offer, any Benefit, or these Offer Terms, in whole or in part, at any time, without prior notice, except where notice is required by law. Any change is effective when posted or otherwise communicated. Your continued participation after a change constitutes acceptance of the change. To receive and retain any Benefit, you must remain in good standing throughout all applicable qualification and payout period(s), as determined by Brex in its sole discretion and in accordance with all Terms. Approval for a Brex account and for Brex products is not guaranteed. The use of Brex's platform, products and services is subject to eligibility requirements and all Terms. Opening a Brex Business Account in connection with this Offer is subject to the [Brex Business Account Agreement](https://www.brex.com/https://www.brex.com/legal/product-terms/treasury/agreement) and all Terms. Learn more at [brex.com/legal](https://www.brex.com/http://brex.com/legal). As sole sponsor and administrator of this Offer, Brex reserves the right to disqualify you or terminate your eligibility at any time, without prior notice, in the event of fraud, abuse of the program, or violation of these Offer Terms or any applicable Terms. Termination, disqualification, account closure, or account suspension may result in forfeiture of any Points or Benefits that have not yet been redeemed or applied to your account. **General** The Offer is void where prohibited and subject to all applicable laws. The Offer is non-transferable and may not be assigned, sold, or combined with other offers except as expressly permitted. Brex's failure or delay in enforcing any provision is not a waiver of its right to enforce that or any other provision later. If any provision is held unenforceable, the remaining provisions remain in effect. Headings are for convenience only. **Important Disclosures** Brex LLC is a wholly owned subsidiary of Capital One, N.A., 650 S 500W Suite 300, Salt Lake City, UT 84101. Checking accounts and banking services provided by Column N.A., Member FDIC. The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC (an unaffiliated institution), and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC and a Capital One Company. Securities are offered through Brex Treasury LLC. Funds in Treasury are not FDIC-insured. Funds in Vault at program banks are eligible for FDIC insurance. Funds are not FDIC-insured until they arrive at program banks. Conditions apply. Investing in securities products involves risk and loss of money. Yield and return are variable and fluctuate. Past performance is not a guarantee of future results. The Brex Mastercard Corporate Credit Card is issued by Emigrant Bank, Fifth Third Bank N.A., or Airwallex (Netherlands) B.V. (all unaffiliated institutions), pursuant to licenses by Mastercard International Inc. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Inc. The Brex Visa Commercial Card is issued by Sutton Bank (an unaffiliated institution), pursuant to a license from Visa U.S.A. Inc. Can be used where Visa cards are accepted. No ATM access. All loans are subject to approval, including underwriting, credit, and collateral approval, as well as availability restrictions. Nothing herein should be construed as a commitment to lend. Certain payment services are provided by Brex Payments LLC (NMLS #2035354), a Capital One company. **Taxes** Benefits (including cash amounts, cash back, the Promotional Awards and the Studio Days benefit or its value) may constitute taxable income to you and may be reported to tax authorities where required. Tax forms may be issued by Brex's parent or affiliates including, for example, but not limited to, Capital One, N.A. You are solely responsible for any taxes arising from your participation in the Offer. You may be required to provide a completed IRS Form W-9 or other tax documentation as a condition of receiving a Benefit. Brex does not provide tax advice; consult your own tax advisor regarding the treatment of any Benefit.