What is statement underwriting?
Statement underwriting is an alternative solution to connecting your bank account to Brex when it's not possible to do so. It's allowed on a case-by-case basis by our support team under the following circumstances:
Your bank is not supported by Brex.
You're having persistent issues connecting your bank to Brex.
You prefer not to connect your bank to Brex.
If you're having issues connecting your bank, statement underwriting is a temporary solution until the connection is fixed.
How it works
Please send Brex the following documents in order to maintain your account limit:
Company type | Initial requirements | Ongoing requirements |
|---|---|---|
Tech | 2 most recent monthly bank statements | Most recent monthly bank statement |
Ecommerce |
|
|
Life sciences | 2 most recent monthly bank statements | Most recent monthly bank statement |
Once you've been approved for this alternative, Brex will email you at the beginning of each month with a secure link for uploading documents. For more details on what types of statements we accept, please read What type of statements can I use for underwriting?.
Note: The minimum cash balance requirements and/or monthly sales requirements will also increase with this alternative option.
Contact Brex Support to find out if you're eligible.