Brex | What is statement underwriting?

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

  • 3 most recent monthly bank statements
  • Balance sheet for the last 5 quarters
  • Profits and losses (P&L) for the last 5 quarters
  • Most recent monthly bank statement
  • Balance sheet for the most recent quarter
  • P&L for the most recent quarter

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.

Was this article helpful?

|

Still can't find what you're looking for?

Chat with us->

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

  • 3 most recent monthly bank statements
  • Balance sheet for the last 5 quarters
  • Profits and losses (P&L) for the last 5 quarters
  • Most recent monthly bank statement
  • Balance sheet for the most recent quarter
  • P&L for the most recent quarter

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.

Was this article helpful?

|

Still can't find what you're looking for?

Chat with us->

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

  • 3 most recent monthly bank statements
  • Balance sheet for the last 5 quarters
  • Profits and losses (P&L) for the last 5 quarters
  • Most recent monthly bank statement
  • Balance sheet for the most recent quarter
  • P&L for the most recent quarter

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.

Was this article helpful?

|

Still can't find what you're looking for?

Chat with us->