April 2023
Reverse wires for payroll
With the launch of reverse wires, you can authorize your payroll provider to pull funds directly from your Brex business account for more reliable transfers than ACH debits. Many payroll providers such as ADP and Sequoia One prefer or even require reverse wires, sometimes known as wire drawdowns, because they are optimized for large, recurring transactions with varying amounts.
By connecting your payroll provider like Gusto to Brex, youāll have more cash on hand, as reverse wires are processed in real time like a wire, often within 2 days of the payroll date. If you regularly send employee or contractor payroll and payroll tax payments every two weeks, wire drawdowns will consolidate all payroll withdrawals into a single transaction leading to easier reconciliation.
You can easily set up a reverse wire authorization from your Brex dashboard by following these steps and then contacting your payroll provider to complete the process.