Head-to-Head
Brex Business Account
Startup / mid-market treasury + multi-user spend platform; $0 banking fees; no cash/ATM
VS
Old National Bank Business Checking
Branch + cash deposits; low/no monthly fee with 500-item cap; Midwest/Southeast relationship bank (not high-APY checking)
Monthly Fee
$0 banking. Software: Essentials $0/user; Premium $12/user; Enterprise custom.
Access: $0 on current product page ($3/mo paper statements; eStatements free). Pro: $25/mo OR $0 with $20,000 avg ledger OR $50,000 combined checking+savings+MMA avg ledger.
Checking APY
None — uninvested Checking cash earns no yield
0.00% — noninterest-bearing on Access and Pro
Rating
8.6/10
7.6/10
Costs & Fees
| Metric | Brex Business Account | Old National Bank Business Checking |
|---|---|---|
| Monthly maintenance | $0 banking. Software: Essentials $0/user; Premium $12/user; Enterprise custom. | Access: $0 on current product page ($3/mo paper statements; eStatements free). Pro: $25/mo OR $0 with $20,000 avg ledger OR $50,000 combined checking+savings+MMA avg ledger. |
| Fee waiver | N/A — banking already $0; software is plan-priced | Access: unconditional $0 maintenance (use eStatements to avoid $3 paper fee). Pro: $20k ledger or $50k combined deposit averages. |
| Transaction fees | No published per-item or excess-item fees. Effectively unlimited electronic items at $0. | 500 items/month free then $0.50 each. Items = checks paid, withdrawals, deposits, deposited items, ACH/POS debits and credits. |
| Overdraft/NSF | Overdrafts not permitted. Dollar fee amounts not disclosed. Negative 30+ days → closure per Column DDA. | Paid NSF/Overdraft Item $36 if overdrawn >$25; max 2 paid items/day. Daily Overdraft $7 from day 7 if overdrawn >$25 for 7+ consecutive business days, up to 5 days. Overdraft Courtesy discretionary. |
| ATM fees | Not offered — no ATM network. No cash withdrawal from account or Brex cards. | ONB + Allpoint (~55,000+) $0 ONB fee. Non-ONB/non-Allpoint: $3 Foreign ATM Fee + operator surcharge. No rebate disclosed. |
| Wire/ACH | Incoming/outgoing domestic and international wires $0 Brex-issued. ACH domestic and international $0. Intermediary/recipient fees possible. Customer reimburses intermediary costs per Column DDA. | Incoming domestic $16; outgoing domestic $30; incoming intl $16; outgoing intl $50. Pro/Payments Plus: 1 free domestic outgoing wire/month; discounted fees thereafter not disclosed. |
Interest & Yields
| Metric | Brex Business Account | Old National Bank Business Checking |
|---|---|---|
| Checking APY | None — uninvested Checking cash earns no yield | 0.00% — noninterest-bearing on Access and Pro |
| Savings APY | Business Savings and Business Market Monitor: tiered interest; APY not disclosed on public pages | |
| FDIC coverage | Checking: $250,000 at Column N.A. per ownership category (all sub-accounts share cap) | Standard FDIC $250,000 per depositor per ownership category at Old National Bank |
Features & Access
| Metric | Brex Business Account | Old National Bank Business Checking |
|---|---|---|
| Branch/ATM network | None. No branches, ATMs, or cash rails. | ~346–361 banking centers in IL, IN, IA, KY, MI, MN, NC, ND, TN, WI. ONB ATMs + Allpoint ~55,000+ surcharge-free. Cash deposit at deposit-taking ONB ATMs. |
| Mobile app | Google Play 4.6 (~2.16k–2.18k reviews). iOS U.S. rating should be re-checked live. | Old National Mobile app — Google Play ~4.5 (13.8K reviews). iOS U.S. volume uncertain from public scrapes. |
| Virtual cards | Included — charge card product with spend limits and policies (Premium: multiple customizable policies) | Not disclosed |
| Opening deposit | $0 | $100 |
| Eligibility | U.S.-organized C-corp, S-corp, LLC, LLP only. Not sole props, consumers, unincorporated partnerships, or foreign-registered entities. Nonprofits case-by-case. | Sole prop, association, org, partnership, LLC, corporation, business fiduciary/escrow per agreement. EIN emphasized in checklist. |
Pros & Cons
Brex Business Account
Pros
- $0 opening, maintenance, ACH, check, and wire fees (Brex-issued)
- Three-bucket design: Column DDA + up to $6M Vault sweep + DGVXX Treasury (3.71% as of 09/01/26)
- 512 sub-checking accounts with distinct account/routing numbers
- Same-day outbound ACH at $0; 3:15 p.m. ET cutoff documented
- Tight coupling to expense, bill-pay, virtual charge cards, and API
Cons
- No cash, no ATM, no branches
- Checking and Vault earn 0%; Treasury yield is MMF/SIPC, not FDIC checking APY
- Eligibility excludes sole props and foreign entities; scale screen plus abrupt closure history
- Checking FDIC only $250k across all sub-accounts; $6M is sweep-only with caveats
- Card FX up to 3%; Premium software $12/user; wire FX markup not published
Old National Bank Business Checking
Pros
- Access $0 maintenance with 500-item bucket and no minimum balance (ONB product page)
- $25,000 monthly cash/currency free then $0.15 per $100 — explicit branch-bank pricing
- Allpoint 55k+ surcharge-free ATMs plus ~346+ owned branches in 10 states
- Pro bundles Autobooks Basic, 1 free domestic wire/month, ACH allowance, and fraud tools
- Path to ONPointe Treasury, Analysis Checking, Elavon merchant, and local lending; $400/$800 bonus through Oct 30, 2026
Cons
- 0.00% APY on checking
- In-person opening only — not nationwide online account
- 500-item definition is broad (ACH, POS, deposits count) at $0.50 over — easy to exceed
- Full current business fee schedule PDF not publicly posted
- Out-of-network ATM $3 + 3% foreign debit fee; standard FDIC $250k only
Verdict
Brex Business Account
Brex business account is a three-bucket cash-management stack at Column N.A. (FDIC #58224, routing 121145349). Checking 0% APY with $250k FDIC shared across 512 sub-accounts. Vault sweeps to program banks for up to $6M FDIC (0% yield). Treasury in DGVXX via Brex Treasury LLC — up to 3.71% 7-day yield as of 09/01/26, not FDIC. Banking fees $0 on ACH/wires/checks. No cash/ATM/branches. Corp/LLC/LLP only; scale underwriting. Premium $12/user. Capital One acquired Brex Apr 2026. Closure risk is operational concern — keep backup bank. $1,000 card promo through Sep 30, 2026.
Old National Bank Business Checking
Old National Access Business Banking is branch-opened FDIC checking: Access $0 maintenance, 500 items then $0.50, $25k cash free then $0.15/$100. Pro adds $25 fee (waivable at $20k/$50k), bundled Autobooks/Payments Plus, 1 free wire/month, 25 ACH/month. 0% APY. Wires $16 in / $30 out / $50 intl. Full business fee PDF not posted. Fits in-footprint cash SMBs; poor for remote founders and high-volume treasury.