The Brex business account

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”). Each Brex business account comes with one Treasury account , from which funds can be transferred to or from your Checking account with a processing time of one business day or less 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 is a financial technology company, not a bank. Checking accounts and banking services are provided by Column National Association, Member FDIC.

The Brex Mastercard® Corporate Credit Card is issued by Emigrant Bank, Member FDIC. Terms and conditions apply. See the Brex Platform Agreement for details. 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 partner 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 https://www.brex.com/product/business-account for important legal disclosures. Past performance is not necessarily indicative of future results.

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 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 Brex business accounts, please follow the steps in this article.

Step 1: Go to Accounts > Business accounts > click on the specific account. Step 2: The routing number and account are displayed at the top of the business account page.

Step 1: Go to Accounts > Business 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 Manage settings > Account details.

Step 1: Sign in to the Brex mobile app and tap $ at the bottom. Step 2: In the top-right corner, tap the information icon. Step 3: Tap the eye icon at the top to view your full account number. The routing number, relevant addresses, and details necessary for wire transfers will be displayed below. Step 4: Tap Share information to send or save a PDF of these details via a number of other mobile apps. Select which method you prefer.

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.

Step 1: Go to Accounts > Business accounts. Step 2: Select the Brex business account you’d like to change the allocation for. Select Account settings. Select Manage allocation. Step 3: Select the Allocation tab. Step 4: In the side panel, select Custom allocation > Change allocation. Step 5: Set preferences for handling future deposits. Either maintain the same percentage split or set a cap for how much you’d like swept into FDIC-insured bank accounts or money-market funds (MMF). Step 6: Review changes and click Confirm to save. For secondary accounts and beyond, you will only have the option to choose 100% FDIC or 100% MMF. You can make this election when creating a new Brex business account or update it later by following the steps above. Once changes are made, all card and Brex business account admins will receive an email notifying them that the strategy was adjusted. The updates will take effect within one business day. You can change the allocation strategy at any time.