©2021 Brex Inc. “Brex” and the Brex logo are registered trademarks.
Brex products may not be available to all customers. Terms and conditions apply and are subject to change.
Brex Inc. provides the Brex Mastercard® Corporate Credit Card, which is issued by Emigrant Bank, Member FDIC. See the Brex Platform Agreement for details.
Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, a program that allows customers to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured program bank accounts. Investing in securities products involves risk. Brex Treasury is not a bank and your Brex Cash account is not a bank account.
Brex Treasury is not an investment adviser. Consider your company’s investment objectives and relevant risks, charges, and expenses before investing. Review the background of Brex Treasury or its investment professionals on FINRA's BrokerCheck website.
Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.
Although Brex Treasury does not charge transaction or account fees, money market funds bear expenses and fees. Sending wire transfers is free for Brex Cash customers, but the recipient’s financial institution may charge a wire receipt fee.
You could lose money by investing in a money market mutual fund. The money market funds offered by Brex Cash are independently managed and are not affiliated with Brex Treasury. Yield is variable, fluctuates and is inclusive of reduced expense fees, as determined solely by the fund manager. See program disclosures and the applicable fund prospectus before investing for details and other information on the fund. Contact us for a copy of the fund prospectus and recent performance data. Past performance is not necessarily indicative of future results.
The fund cannot guarantee that it will preserve the value of your investment at $1 per share. An investment in the fund is not insured or guaranteed by the FDIC or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund and you should not expect that it will do so at any time. After providing at least 60 days’ prior written notice to shareholders, the fund’s board reserves the right to impose a fee upon the sale of shares or temporarily suspend redemptions if the fund’s liquidity falls below certain levels.
Uninvested Balances in your Brex Cash Account will initially be combined with Uninvested Balances from other Brex Treasury customers and deposited in a single account at LendingClub Bank, N.A. (the “Clearing Bank”), Member FDIC. Within two business days, funds are transferred to a disbursement account at a Brex Treasury Third-Party Service Provider (the “Settlement Account”), and then swept automatically into omnibus deposit accounts established by Brex Treasury in its name on behalf of Brex Treasury customers at designated “Program Banks”. Only the first $250,000 in combined deposits at any program bank will be subject to FDIC coverage. FDIC coverage does not apply to deposits while at the Clearing Bank or any account at an intermediary depositary institution. Deposits that are in the Settlement Account while in the process of being swept to or from a Program Bank will be subject to FDIC coverage of up to $250,000 per customer (combined with any other customer deposits at the bank holding the Settlement Account).
This is not an offer, solicitation of an offer, or advice to buy or sell securities, or to open a brokerage account in any jurisdiction where Brex Treasury LLC is not registered.
Member of SIPC. Securities in your account protected up to $500,000 (including $250,000 claims for cash). For details and explanatory brochure, please see www.sipc.org.
The Instant Payouts Program is offered by Brex Finance I LLC, an affiliate of Brex Inc. and Brex Treasury LLC. The Program is a factoring arrangement and not a loan. You must have a valid Brex Cash account in good standing in order to qualify beyond trial access. Instant Payouts is subject to a 1.5% fee for sellers using the Amazon selling platform, and a 1% fee for sellers using other platforms. Terms apply.
Certain features are available only to customers using Brex Premium. Use of Bill Pay service subject to Bill Payment Service Terms & Conditions.
Brex does not provide, nor does it guarantee, any third-party product, service, information, or recommendation. Brex may pay third parties and/or be paid by them for customer referrals.
Services may be provided by Brex Payments LLC (NMLS #2035354).
