How are instant revenue fees collected?
When you elect to access your unpaid revenue as cash, Brex charges a small fee per advance (1.5% per advance for Amazon, and 1.0% per advance on all other platforms). At the time of collection, Brex automatically redeems any available rewards points to offset as much of the instant revenue fee as we can. Points are redeemed at a rate of $1 per 100 points. If we’re unable to fully offset the fee with your available rewards balance, we’ll collect the remainder as cash directly from your Brex Cash account.
You can opt out of the rewards auto-offset feature under Settings in your dashboard.
Note: Brex does not charge any fees if you use instant revenue with your Brex card. Instant revenue on card is currently available to early access customers, and will be generally available soon.
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 Cash, a program that allows customers to elect to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at program banks. Investing in securities products involves risk, including possible loss of principal. Brex Treasury is not a bank and your Brex Cash 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 Treasury is not an investment adviser, and therefore investors should consider the investment objectives, risks, and charges and expenses carefully before investing. Brex Treasury LLC does not charge transaction or account fees. However, money market funds bear expenses and fees. See program disclosures and the applicable fund prospectus for details and other information on the fund. Contact us for a copy of the fund prospectus and recent performance data. You should read the prospectus carefully before investing.
Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at 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. Subject to further conditions.
None of the information contained in this article represents an offer to buy or sell, or a solicitation of an offer to buy or sell, any security, and no buy or sell recommendation should be implied. This message is intended only for the personal and confidential use of the designated recipient(s). If you are not the intended recipient of this message you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited.