The Brex business account
Overview
The Brex business account provides customers with a place to fulfill your banking needs. The Brex business account consists of checking, a commercial checking account provided by Column N.A., Member FDIC, and treasury and vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC. The Brex business account lets you choose how your money is stored. Elect to keep your deposits in vault through our partner banks with up to $6M in FDIC insurance or in treasury, where your funds are invested in a government money market fund (DGVXX)—or any combination of these options. Manage operational spend with no limit on transfers to and from checking.
Account structure
Your Brex business account is made up of three different financial services: checking, treasury, and vault. For more information on each, please refer to the section below:
- Checking: The checking account lets you move money to and from your external vendors. You can have anywhere from 1 to 240 checking accounts by following the steps in this article for each new account. The checking account is a Demand Deposit Account held at Column National Association, Member FDIC, in the name of the customer’s legal entity. Up to the first $250k within your checking accounts will be FDIC-insured.
- Treasury: Funds in your treasury account are invested in a money market fund with Dreyfus (DGVXX), which you can read more about in this article. Your treasury account is provided by Brex Treasury LLC, a FINRA/SEC-registered broker-dealer (“Brex Treasury LLC”). Funds can be transferred to or from your checking account with a processing time as quickly as one hour between the hours of 8 am and 3 pm ET on a business day by following the steps in this article. Your treasury account cannot send or receive funds from external sources.
- Vault: The vault account is also offered by Brex Treasury LLC. The funds allocated to your vault account are swept out to Brex Treasury LLC’s cash sweep program banks in order to receive up to $6M in total FDIC-insured coverage. Each Brex business account comes with one vault account, from which funds can be transferred to or from your checking account with a processing time of 1-2 business days by following the steps in this article. Your vault account cannot send or receive funds from external sources.
Brex business account sign-on bonus
Whether you have a Brex business account from the day you sign up or add one to your account later, you’ll be eligible for our sign-on bonus starting the day the business account opens. The sign-on bonus offers you 10,000 points when you spend $3,000 on your Brex card within three months of your Brex business account being opened. You can view how much longer you have left to meet these qualifications and earn the points in your Brex dashboard under Rewards > Marketplace > View details. Once your company has surpassed the spend requirements for your rewards bonus, please allow 7-10 business days for the points to be added to your Brex account.
Add a Brex Business account to your account
If you don’t have a Brex account yet
During the onboarding process, you can apply for a Brex business account right from the dashboard by following the steps below. Step 1: In your Brex dashboard, go to Accounts. Note: If you haven’t already verified your business, please do this first by clicking Start Verification. Step 2: Click Get Started or Continue beside Apply for financial service to begin the application. Select the financial service you would like to apply for and click Start. Step 3: Complete the application by following the application flow. Step 4: Our team will review your application and follow up via email. If you have any questions about Brex business accounts before applying, please reach out to Brex Support.
If you already have a Brex account
If you are an existing customer who wants to open your first Brex business account, any card admin on your account can access the application by following these steps in the Brex dashboard. Step 1: In your Brex dashboard, go to Company settings. Step 2: Under Plan, navigate to Business account and select Apply. Note: If you are an existing customer who wants to have multiple checking accounts, please follow the steps in this article.
Account and routing number
The routing number for your Brex business account with Column Bank is 121145349. You can reference this number and other account details in your dashboard or mobile app. These account details can be used to complete tasks such as initiating an inbound wire or ACH transfer, or paying recurring bills and charges.
In your dashboard
Step 1: Go to Accounts > click on the checking account. Step 2: The routing number and account are displayed at the top of the page, and can also be seen when clicking on Wire Instructions > Account details.
In your app
Step 1: Sign in to the Brex mobile app. Step 2: Tap Accounts at the bottom. Step 3: Choose the checking account you would like to see the account and routing number for. Step 4: Tap the eye icon at the top to view your full account number. For more details necessary for transfers, click on the i icon at the top right.
Yield
You can find the current yield at any time by viewing our yield & fees schedule.
Moving Funds between your account types
Account admins can move money to or from your checking account(s) by following the steps in this article. Your vault and treasury account cannot send or receive funds from external parties. If you want to use the funds in your treasury or vault account to make a payment, you must manually transfer them to your checking account. This help article lists the transfer processing times that you can expect when you send or receive funds.
Minimum balance management
Account admins can set a minimum balance for your primary checking account, and anytime your balance drops below that amount, we’ll transfer funds from another linked account to “top off” the checking account. For more information, refer to this help article. You can choose between using your treasury account, vault account, or an external bank account to fund minimum balance-based automatic transfers. Processing times will vary depending on which account type you choose.