ACH transfers
Overview
An automated clearing house (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. Processing times vary depending on the ACH format and what time of day you initiate the transfer. ACH debits initiated by Brex to pull funds from your external account into your Brex business account, for example, will take 3-5 business days to process, while outbound ACH credits are much faster — around 0-1 business days. Note: Your account can receive international ACHs but not send them. You can send international payments via international wires. 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 by following the steps in this article, first. We won’t use funds in your treasury or vault account to supplement an outbound transfer if you don’t have sufficient funds in your checking account at the time of initiation
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 > Send money. 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 Accounts 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 the payment method, as well as the Checking 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 > Add funds. 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 Accounts 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. You can only receive ACHs with your Checking account. 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:
- Allow debits from all counterparties unless they are specifically blocked.
- Block debits from all counterparties unless they are specifically trusted.
Please note that if you have multiple accounts with Brex, the above rules will apply to all. These rules can be managed by account admins from the Brex dashboard. Please follow the steps below. You can also manage externally-originated debits by creating one or more distinct checking accounts that you only use for debits. You can then provide these accounts’ information to counterparties, and have them send ACH debits here, rather than your primary account. You can add additional checking accounts by following the steps in this help article.
In your dashboard
Step 1: Navigate to Accounts > Business accounts, and select your Checking account. Click Manage settings > ACH debit allow list. Step 2: 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 list 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 > View all 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. Note: Some counterparties may use different ACH ID(s). Please contact the counterparty to confirm which IDs they plan to use for their debit transactions.