Brex account requirements
Overview
We’re happy to hear that you’re interested in opening a Brex account! Before you fill out an application, it’s important to understand whether we’re a good fit for your business. We have several requirements to open an account, which align with the type of companies we’re best suited to provide value for. This includes, but is not limited to, analyzing a company’s business model, source of funds, and spending patterns. We also consider other aspects of your company, so please note that meeting the requirements below does not guarantee approval for a Brex account. Our goal is to make sure we’re positioned to provide value to all potential customers and avoid areas that may pose a higher risk to Brex and our partners.
All US Brex applicants
All Brex applicants are required to have a US EIN issued by the IRS, a valid US incorporation, and a US physical address. We also require that you meet the eligibility requirements as stated in our Platform Agreement, and are not of a restricted industry type.
International founders
Brex supports growing businesses worldwide. International founders without a physical address in the United States are welcome to apply, as long as they have the following:
- US incorporation and registration
- US EIN
- Non-PO box US address — we allow international founders to use a virtual office.
- You can be based elsewhere, but you’ll need a US billing address to securitize your Brex card’s credit limit.
- If you reside outside of the USA, we’ll need a valid international residential address.
- US operations
- Provides or has plans to provide services and products to US customers
- Employs/contracts or has plans to employ/contract US personnel
Daily payments
As we continue to expand our global spend solution, we are focusing our service on startups and scaled companies. Our products are designed for companies that have or will soon reach some level of scale. We feel confident in delivering best-in-class service to customers who meet ANY of the following criteria:
- Received an equity investment of any amount (accelerator, angel, or VC) or plan to in the near future
- More than $1 million a year in revenue
- Tech startups who are on a path to meeting the criteria above, and are referred by an existing customer or partner
You can read more about the different Brex account types in this help article.
Monthly payments
While not an exhaustive list, these are the general requirements we consider when reviewing applications.
Startup companies
- Accelerator/Venture Funded companies: If you’ve received venture funding or are part of an accelerator and meet cash requirements listed below, you're qualified for a Brex card with monthly and/or daily payments.
- Angel-funded companies: If you’ve received angel funding and plan to raise capital from an accelerator or VC in the future, you’re qualified for monthly and/or daily payments.
For startups, we require $50,000 as a minimum cash balance (if you’ve raised funding), or potentially lower if you’re referred by certain partners of ours. If you’re not sure if you qualify and currently have less than the required amount, but meet the above requirements, reach out to your sales representative or to referral@brex.com for additional help. If you haven’t received any funding but plan to in the future, or don’t yet have $50,000 in your account, you can still apply. You may be qualified for Brex business account with our daily payments.
Mid-market and enterprises
A mid-market company or enterprise that qualifies for the Brex card with monthly payments will need more than $400,000/month in revenue ($4.8MM/year). Customers that meet the criteria but have poor financial health may get a limit if they have a signed contract.
Nonprofits
We work with nonprofits on a case-by-case basis. If your company is a nonprofit, we might request the following information as part of your application:
- Information on board of directors and governance/bylaws
- 501(c)(3) designation and articles of incorporation
You can read more about the different Brex account types in this help article.