How do I receive a domestic wire or ACH?
To receive a domestic wire or ACH, please provide the sender with your Brex Cash account details.You can find them by following the steps here: How do I find my account and routing number?
To receive a domestic wire or ACH, please provide the sender with your Brex Cash account details.You can find them by following the steps here: How do I find my account and routing number?
You can prevent unwanted ACH debits by managing which counterparties are authorized to pull funds from your Brex Cash account. Whenever an unauthorized ACH debit is attempted, all Brex Cash and card admins, as well as Brex Cash users, will be notified via email.
Brex Cash is not a bank account; it is a cash management account offered by Brex Treasury (a FINRA-registered broker-dealer) that functions very much like a business bank account. You can use your Brex Cash account to securely deposit checks (including via mobile app); send and receive payments via ACH,…
Instant revenue was a Brex feature originally built to allow our ecommerce customers faster access to their earnings from selling platforms. We moved away from development of the feature in May 2022.
Once you’ve initiated a transfer from your Brex Cash account, you won’t have the option of canceling it. If necessary, you can get in touch with your receiving institution to arrange for the transfer to be sent back after it arrives.
What changes are happening? As of April 2022, Brex will partner with Column Bank to provide domestic ACH and wire services. This will enable us to expand our offerings in the near future and improve your overall experience.
We recently transitioned to a new partner bank, Column National Association, so all Brex Cash accounts have new routing and account numbers. If you’re having issues updating your Brex Cash account details on your eBay account, please follow the steps below.
We use photo IDs as part of our Know Your Customer (KYC) requirements for account creation.
When depositing funds to your Brex Cash account via the Add funds button in your dashboard, Brex will initiate an ACH debit from the selected financial account. However, some institutions may block or return this debit depending on the ACH blocking or filtering on the account.
Making payments and paying vendors from Brex Cash is quick and free of charge. Outgoing ACH: Typically processed within 2-3 business days, depending on what time of day the ACH transaction is submitted. Outgoing checks: Printed and mailed within 2 business days.
Brex and our partner banks do not charge fees to send or receive international wires with Brex Cash. However, when sending funds internationally, funds may be sent through third-party banks that may charge fees to cover their costs.
We recently transitioned to a new partner bank, Column National Association, so all Brex Cash accounts have new routing and account numbers. If you’re having issues updating your Brex Cash account details on your PayPal account, please follow the steps below. Step 1: Find your account and routing number.
The routing number for your Brex Cash account with Lending Club was 211075086 and Column Bank is 121145349. You can reference this number, and other account details, in your dashboard or mobile app.
Why is this happening? Brex recently established a new routing number (121145349) to facilitate our communication with different banks and to expedite your transactions. However, this routing number is new and many financial institutions and vendors haven’t updated their Federal Routing Number directories.
The national routing number database for the American Banking Association is maintained by LexisNexis and is updated periodically with information on new financial institutions. Brex recently obtained a new routing number (121145349).
In the dashboard To initiate a wire transfer, navigate to Cash > Transactions in your Brex dashboard and click Send payment. Note: If you have bill pay enabled, your prompts will be Send funds > To external account > Vendor.
Daily payments on multiple Cash accounts will be taken from the primary Cash account balance. The credit limit for these Cash accounts will be based on the primary account’s balance.
For Brex cards with daily payments, limits are based only on the balance in your primary Brex Cash account–not the aggregate balance across multiple accounts. Payments will be automatically pulled daily from your primary Brex Cash account balance.
Account admins approved for Brex Cash can have up to 8 separate accounts under one EIN, all with the same permissions. Permissions can be adjusted for all accounts from the Team tab of your Brex dashboard under Users. See How do I change another user’s role? for more details.
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 Brex dashboard Step 1: Under Cash, click Transactions. Step 2: Click Add funds and select Bank transfer.
To expand our offerings and improve your experience, Brex will partner with Column Bank to provide domestic ACH and wire services. We’ll continue working with our existing banking partners — LendingClub Bank and JP Morgan Chase. However, as of April 2022, you’ll have new routing and account numbers, as well…
Positive pay is offered at many financial institutions. This allows you to prevent unwanted ACH debits by authorizing only certain counterparties to pull funds from your account. To "whitelist" a counterparty, you’ll typically need an ACH ID.
Funds in your Brex Cash that you choose to be stored in money market funds are segregated and held by Bank of New York Mellon. These funds are invested in the Dreyfus Government Cash Management Fund (DAGXX).
Move money easily and instantly between your Brex Cash accounts by following the steps below. In the dashboard Step 1: Go to Cash > Transfer funds > Between Cash accounts and choose which accounts you’d like to transfer funds between. Step 2: Choose an amount and transfer date.
A trace number is a 15-digit number used to track inbound and outbound ACH transfers. It is issued by the sending institution, and can be provided to your receiving institution to track the impending transfer even before it has arrived in their system.
Brex doesn’t have an IBAN, as IBANs are, more often than not, exclusive to European institutions. If you’re trying to arrange a transfer into your Brex Cash account and the originator’s transfer form requires an IBAN, please reach out to the sending institution.
There are three role types you can give a user: admin, user, or bookkeeper. To read more about the permissions of each one, please read What are the different Brex role types?.
Please reach out to our support team via the button on the bottom of this page. Our support team will work with our internal teams to promptly fix the issue. Simply mention "Cash" in the chat and it will direct you to a Brex Cash specialist.
The first time you add funds from a bank account to your Brex Cash account, we require you to sign in to your bank to verify that you're authorized to pull funds from that account.
Your funds will be swept into a money market mutual fund that is managed by Brex Treasury LLC.
No. All transactions, including domestic and international wires, are free with Brex Cash. Brex and our partner banks do not charge fees to send or receive international wires with Brex Cash. However, when sending funds internationally, funds may be sent through third-party banks.
No, we don't charge any monthly fees for Brex Cash accounts.
There are no transaction or wire fees with Brex Cash, nor does Brex charge any fees for transacting with your card. We also don't charge monthly account fees or similar types of fees. However, money market funds may bear fees and expenses.
We don't currently offer the option to deposit cash into your Brex Cash account or use ATMs with your Brex card. Please read How do I add funds to my Brex Cash account? to learn about alternatives to cash deposits.
Check deposits are quick and easy via the Brex mobile app! If you don't already have it, please read How can I install the Brex mobile app?. We can only process virtual check deposits via the Brex app and won’t be able to accept physical checks by mail.
Yes, you can send checks! To arrange for a check to be sent, please follow the steps below. In the dashboard Step 1: Click Cash on the left side of your Brex dashboard and then Send payment on the right.
You can receive money via ACH, domestic wire transfer, international wire transfer, and checks. You’re currently not able to receive credit card payments or to request a payment via invoice.
You can send money via ACH, domestic wire transfer, international wire transfer, and checks. For more information on sending payments, please read How do I send a payment with my Brex Cash account?
For your primary Brex Cash account, you can choose a custom percentage or specific dollar amount for allocating funds between FDIC-insured cash and money market funds (MMF) by following the steps below. You can change the allocation strategy at any time.
When a transfer from Brex Cash requires approvals, account admins will receive an email and a notification from their Brex mobile app to approve the payment. The admin can approve the transfer from either the email or mobile app and it’ll continue processing as expected.
What are deposit limits? There are 3 types of deposits and each has different limits: How are my deposit limits set? Deposit limits are determined by many factors including the tenure of your account, your deposit history, your spending history, and more.
Check deposits fail for a variety of reasons. Please refer to the suggestions below to ensure a successful check deposit. The check type wasn’t supported There are certain types of checks that we cannot accept. See more at Which type of checks can I deposit into my Brex Cash account?.
You can add funds to your Brex Cash account through either your Brex app or Brex dashboard. However, some types of transfers are only available on one platform or the other.
Your limit does not instantly update after you initiate a transfer of funds to either your Brex Cash or connected bank account. Below is a timeline for when you can expect to see changes applied.
Typically, ACH and wire transfers aren’t capped at a specific amount. However, larger transfers can have longer processing times and your Brex account may be subject to deposit limits. This impacts the amount you can transfer at one time.
We accept the most common types of checks but there are a few types that aren’t eligible for deposit into your Brex Cash account. Below is a breakdown of what you can and can’t deposit via Brex. Note: We are not able to accept physical checks by mail.
You can see all pending transfers that were initiated through the Brex dashboard under Cash > Transactions. If you used an external service to initiate the transfer, you won’t be able to see the pending transfer until it has cleared in your Brex Cash account.
Link your PayPal account to your Brex Cash account to make transfers easy! Follow the steps below on PayPal’s website. Step 1: Navigate to Wallet in the menu of your PayPal dashboard. Step 2: Select Link a bank. Step 3: Search for Brex in the bank list.
If you’ve had one or more failed deposit attempts on your account, your option to Add funds from your dashboard may become restricted. During this time, you can still transfer funds into your Brex Cash account from external sources (such as from your bank portal).
Admins will see Brex card collections under the Cash tab if your company is making daily payments with Brex Cash. These are payments to Brex for all cleared transactions made on your Brex card, which are paid directly from your Brex Cash account.
All checks sent from Brex Cash are standard checks. We don’t currently support sending other check types, such as cashier’s checks.
If you've sent an ACH or wire from your Brex Cash account, you can track the status of the funds by using the tracking information available on the dashboard once your transfer has been processed.
Here are some examples of ecommerce platforms that you can connect to your Brex Cash account: Amazon BigCommerce Braintree PayPal Shopify Square Stripe Venmo Wix Xoom The connection to Brex is initiated from your ecommerce platform.
Closing one account If you have more than one Brex Cash account, an account admin can close one of them while still leaving the rest of the accounts open. Step 1: Navigate to the Settings page under your company name in the top right of your dashboard.
We know that moving funds quickly is essential to growing businesses. Although we process deposits as efficiently as possible, there may occasionally be delays, such as in cases where you recently deposited a large amount of funds in your account.
Brex Cash statements are automatically generated at the beginning of every month and can be found under Cash > Statements in your Brex dashboard.
Please use the following details to send an international wire to a Brex account. If you're arranging a domestic wire, you can find instructions in How do I receive a domestic wire or ACH?. Note: We're unable to support transactions in certain regions, listed below.
International wire transfers can be sent from your Brex Cash account to the countries listed below. Note: This list is ever evolving and is subject to change. Albania Algeria Antigua and Barbuda Argentina Armenia Australia Austria Bahamas Bahrain Bangladesh Belarus Belgium Belize Bermuda Brazil Bulgaria Cambodia Cameroon Canada Cayman Islands…
Brex Cash can only send and receive funds in US dollars. Any exchange rate will be determined and performed by the correspondent bank. Brex does not charge any fees for international wire transfers.
You can find the current yield at any time by viewing our yield & fees schedule.
The ability to send international wire transfers has been auto-enabled on your account. Please read How do I receive an international wire? for more information.
You can change the account that is used to pay your Brex card balance by following the steps below. Step 1: Click your company's name at the top right of your dashboard and select Settings. Step 2: Under Bank connections, click Change account in the Autopay account section.
You can connect Brex to your payroll service using your account and routing numbers found in your dashboard under Cash > Transactions > Account details > View details. Gusto Connect your Brex and Gusto accounts directly from the Brex dashboard.
Welcome to Brex and congratulations on getting your cash management account! We'll walk you through the setup process for your Brex Cash account and introduce you to the account's main functions. Interested in learning more about how this works?
Admins of existing Brex card accounts can apply for Brex Cash right from the dashboard by following the steps below. Step 1: Select Cash in your Brex dashboard. Step 2: Click Apply now to begin the application. Step 3: Complete the application and our identity verification by uploading a government-issued photo ID.
In the Brex dashboard You can choose to send a payment immediately or have it sent at a later date, on a monthly, weekly, or custom schedule. Please follow the steps below to make a payment from your Brex dashboard. Step 1: Go to Cash > Transactions > Send payment.
There are three role types you can give a user on a Brex Cash account: Account admin, AP clerk and bookkeeper. To read more about the permissions of each one, read What are the various Brex role types?.
Transaction approvals allow Brex admins to delegate financial tasks to an AP clerk, while maintaining final control over when funds leave the account. Transactions made by an AP clerk will require final approval by an account admin before they begin processing. Read What are the various Brex role types?
To successfully deposit a check via the Brex mobile app, the check must be made payable to one of the following names: Legal business name associated with the Brex Cash account Provided during the application process Legal name of a Brex Cash admin Provided when inviting the user to Brex…
If you are approved for a Brex Cash account, account admins can create up to 8 individual accounts under one EIN. The individual accounts will have unique account numbers but the same permissions as your primary account.
After you’ve initiated a domestic or international wire from your Brex dashboard, it’ll be assigned a tracking number within 1 business day. This can be given to the receiving institution to track the incoming transfer. You can find your wire’s tracking information by following the steps below.
Brex can’t accept checks by mail. Checks can be deposited in your Brex account at any time through our mobile app. The app will allow you to take a photo of your physical check and submit it for processing right away.
Yes! There are many benefits to using a Brex Cash account. Please review the following types of rewards. Bonus points You'll get 10,000 points when you spend $3,000 on your Brex card within your first 3 months.
As Brex Cash account admin, you can link your payroll account to see upcoming payments. If you are not yet a Gusto customer, you can sign up directly on the Brex dashboard to receive 50% off your first 12 months. Step 1: Go to Integrations in your Brex dashboard.
All account admins have the ability to download a verification letter for their Brex Cash account. Vendors and other third parties may accept this letter as confirmation of your Brex Cash account details in lieu of a voided check. Step 1: In your dashboard, navigate to Cash > Transactions.
Admins and users can create and manage vendor information right from the Brex dashboard. The Vendors page under the Cash tab will provide a table of all the stored vendors in your account.
Admins can choose to send deposits immediately or have them begin processing at a later date. Deposits can repeat on a monthly, weekly, or custom schedule. Setup in the dashboard Step 1: On the Transactions page under the Cash tab, click Add funds and select Bank transfer.
Let’s get your account funded! Here are a few easy ways to increase your Brex Cash account balance and credit limit. Transfer funds from an external bank account This is typically the fastest way to add funds to Brex Cash.
Getting you easy access to the funds you need to grow your business is why Brex exists. We process payments as quickly and safely as possible, though processing times will vary depending on the sending institution and payment method.
Brex Cash account admins can send free ACH, wire, and check payments. AP clerks can create payment drafts that will go to admins for approval. To send a payment, please follow the steps below.
Processing times for check deposits vary depending on the size of the deposit and the need for enhanced due diligence. Checks will typically clear within 5-7 business days. To add funds to your account more quickly, we recommend initiating a wire transfer or ACH from your external bank account.
No, we don’t charge overdraft or late fees!
Yes! While Brex isn’t an approved SBA-certified lender, you can deposit externally sourced loans into your Brex Cash account. This includes PPP loans. To find the details you’ll need to provide to deposit the loan, please see: How do I receive a domestic wire or ACH?.
All Brex cards are credit cards. We report your payment history on these cards to business credit bureaus, so Brex Cards can help you build business credit. Payment is typically due for daily statements card balances every day. However, funds aren’t immediately withdrawn whenever you transact.
Once an outgoing transfer has successfully been processed, it’s very unlikely that we’d be able to retrieve those funds. If you’d like the transfer returned, please try contacting the receiver to ask them to initiate a refund or destroy the check.
By default, Brex credit cards cannot be used to withdraw cash at ATMs. For supported ways to transfer your balance, see How do I send a payment with my Brex Cash account?.
If your transfer is only slightly outside of standard processing time, please give it a few extra days to clear. If your transfer is well outside of processing time or you suspect there may be another issue, please follow the steps below.
You can send checks from your Brex dashboard by following these instructions: Can I send checks from my Brex Cash account?. We don’t currently offer physical checkbooks for issuing checks from your Brex Cash account.
Brex doesn’t currently provide voided checks. However, you can download an account verification letter from your Brex dashboard that should be a sufficient alternative. Please follow these instructions to do so: How do I download an account verification document for my Brex Cash account?.
When you choose to close your Brex Cash account, you’ll be prompted to transfer your funds via ACH to another account. If your account has been suspended and closed, your Brex Cash balance will be returned to you once our review of your account is completed.