ACH transfers

OverviewOutboundInboundBlocking/allowing ACH debitsDisclosure

Overview

An automated clearing house or ACH is a method used to transfer funds to and from your Brex business account. You can initiate an ACH transfer from the Brex platform—using either the dashboard or your app—or you can give your account details to your vendor so that they can push or pull funds externally. Inbound ACHs take 3-5 business days to process, while outbound ACHs take around 2-3. Processing times vary depending on what time of day you initiate the transfer.


Outbound

Brex business account admins can send ACH payments, while AP clerks can create payment drafts that will go to account admins for approval. To send a payment, please follow the steps below.

From the dashboard

Step 1: Go to Accounts > Business accounts > Move money > Pay someone. Step 2: Enter the payment details including the beneficiary information, payment type, and amount. Step 3: Choose the desired payment date, noting the estimated arrival time. Step 4a: If this is a one-time payment, select Review to confirm the payment details and complete the transaction as scheduled. Step 4b: If you'd like this payment to repeat, select Repeat this deposit and choose how often you would like the payment to recur (monthly, weekly, or custom frequency). Step 5b: Confirm when you'd like the repeating payment to end. Step 6b: Review the recurring payment details and select Create recurring payment.

From the app

Step 1: Sign in to the Brex app and tap the $ icon at the bottom of the home screen. Step 2: On the Business accounts page, tap Send near the top of the screen. Step 3: Select a Brex business account to use for the payment under From and a recipient to pay under To. You can also enter a new recipient. Step 4: Enter the payment amount, select the payment date, and enter an optional description. You can also set whether you want the payment to repeat or not. Step 5: After reviewing the payment details, tap Send to begin processing the payment.


Inbound

You can add funds to your Brex account by initiating a debit from your external bank account from either the Brex dashboard or mobile app. Please follow the relevant steps below.

From the dashboard

Step 1: Go to Accounts > Business account > Move money > Deposit money. Step 2: Choose the account you’d like to transfer funds from, the Brex business account you want to transfer funds to, and click Next. Step 3: Enter the amount you’d like to transfer and the date you want the transfer to begin processing. Step 4a: If this is a one-time payment, select Review to confirm the payment details and complete the transaction as scheduled. Step 4b: If you'd like this payment to repeat, select Repeat this deposit and choose how often you would like the payment to recur (monthly, weekly, or custom frequency). Step 5b: Confirm when you'd like the repeating payment to end. Step 6b: Review the recurring payment details and select Create recurring payment.

From the app

You’ll need to have a bank connected before initiating an ACH debit from your Brex app. The deposit flow will prompt you to add it, so you can get started right away. Step 1: Sign in to the Brex app and tap the $ icon at the bottom of the home screen. Step 2: On the Business accounts page, tap Deposit near the top. Then tap From external accounts at the bottom. Step 3: Select the external bank account you want to deposit from under From and a Brex business account to deposit into under To. Step 4: Enter the amount you’d like to transfer and the date you want the transfer to begin processing. You can also set whether you want the payment to repeat or not.

From a third party

To have a vendor send you an ACH, please provide the sender with your Brex business account details. You can find them by following the steps in this help article. Also enter the following instructions to send ACHs to your Brex business account: ABA/Routing number: 121145349 Account number: Your Brex business account number (can be found in Account details) Account type: Business checking Beneficiary name: Your company name (in Account details) Beneficiary address: Your company’s address (in Account details) Bank name: Column NA Brex Bank address: 1 Letterman Drive, Building A, Suite A4-700, San Francisco, CA, 94129 (Optional) US phone number: +1-866-906-3302 Note: This is what Brex requires to initiate transfers. If the other party asks for additional information, you may need to get further instructions from them.


Blocking/allowing ACH debits

You can prevent unwanted ACH debits by managing which counterparties are authorized to pull funds from your Brex business account. Whenever an unauthorized ACH debit is attempted, all account or card admins, as well as AP clerks, will be notified via email. There are two ways to configure your account:

  1. Allow debits from all counterparties unless they are specifically blocked.
  2. Block debits from all counterparties unless they are specifically trusted.

This can be managed by account admins from the Brex dashboard. Please follow the steps below. Step 1: Navigate to Accounts > Business accounts, click Account settings > Settings. Step 2: Find the ACH debits section and toggle Only allow debits from trusted counterparties on or off. This will determine whether you'll manage a list of blocked counterparties or trusted counterparties. Step 3: Click Manage block to view your list of counterparties. Click the three dots next to the counterparty to modify or delete them. Step 4: Click Add to define a new counterparty by entering their name and unique ACH ID and click Continue to save that counterparty to your list. You can also block or trust counterparties from Account > Business accounts> [Brex business account name] > Transactions. This can be helpful if you don't know the ACH ID for the counterparty. Step 1: Select the transaction from the counterparty that you would like to block or trust. Step 2: Click the arrow on the right side of the transaction details. Step 3: Select either Trust counterparty or Block counterparty.


Disclosure

Brex Inc. provides a corporate card. Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex business accounts, a program that allows customers to elect to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at partner banks. Investing in securities products involves risk, including possible loss of principal. Brex Treasury is not a bank and your Brex business account is not a bank account. Please see brex.com/cash for important legal disclosures. Past performance is not necessarily indicative of future results. Brex's trusted counterparty feature relies on ACH IDs supplied by users. Some counterparties may attempt to debit your account from multiple ACH IDs, including ones that have not been blocked.

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