Brex is not a traditional bank but instead an LLC that partners with FDIC-insured banks to store your uninvested cash deposits. Brex's business account is called Brex Cash. It's a cash management account that works much like a business bank account for secure deposits, payments, tracking, and built-in expense management to understand your spending. It also comes with a credit card that's automatically paid daily, like a debit card, except that it builds your business credit and gives you reward points on every purchase.The Brex Cash account and card are for all business types.
Here are some of the advantages Brex offers over a regular bank:
Brex wants to save companies time by changing the way startups and small businesses bank. Brex believes customers should be able to sign up for a credit card and business cash account in the same amount of time it takes to sign up for a new email address.
Here are some of the highlights of Brex accounts:
Since Brex is not a traditional bank, the services offered will vary from the average business bank account. However, Brex does offer several traditional services, including the following:
Unlike traditional banks, Brex can offer corporate cards with a limit 10- 20 times greater than its competitors with no personal guarantee or collateral deposit.
Because Brex works like a financial management platform and not a traditional bank, it doesn’t have overdraft fees or monthly account fees. Likewise, cash you keep in your Brex account will not acquire interest over time.
The Brex team offers live support during business hours. Contacting the Brex Help Center takes less than 2 minutes and can be done by phone, chat, or email at any time.
Brex’s business hours are:
5:00 AM-12:00 AM PT weekdays and holidays, 5:00 AM - 10:00 PM PT on weekends.
Phone: (833) 228-2044
For a streamlined experience, use Brex’s app. Since Brex is a tech-forward company, the mobile app is meant to save customers and their team time with easy-to-use features.
Brex’s app allows you to:
Even though Brex is not a bank, customers can still expect a high level of security and account protection. Brex works with PCI DSS-certified partners to safeguard your payment information. The company also never sells customer information or data and only shares limited information for business purposes.
Brex also offers quick fraud and theft protection. Customers immediately get their money back for any compromised transactions or chargebacks. Furthermore, all accounts are secured with enhanced 2FA.
Brex is a must-have for startups that don’t want to be bogged down by traditional business credit limits or companies that don’t have their business credit established yet. The tech features Brex offers can help small businesses stay on top of expenses and budgeting without the need for extra time or manpower.
Brex Mastercard® issued by Emigrant Bank, Member FDIC. Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC. Brex Treasury is not a bank; Brex Cash is not a bank account. Testimonials may not represent experiences of all clients. Terms apply, visit brex.com.