Brex Business Account
Startup / mid-market treasury + multi-user spend platform; $0 banking fees; no cash/ATM
Costs & Fees
Monthly maintenance: $0 banking. Software: Essentials $0/user; Premium $12/user; Enterprise custom.
Fee waiver: N/A — banking already $0; software is plan-priced
Transaction fees: No published per-item or excess-item fees. Effectively unlimited electronic items at $0.
Overdraft/NSF: Overdrafts not permitted. Dollar fee amounts not disclosed. Negative 30+ days → closure per Column DDA.
ATM fees: Not offered — no ATM network. No cash withdrawal from account or Brex cards.
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.
Cash deposit: Not offered — cash and foreign-currency deposits prohibited
Interest & Yields
Checking APY: None — uninvested Checking cash earns no yield
Savings APY:
FDIC coverage: Checking: $250,000 at Column N.A. per ownership category (all sub-accounts share cap)
Access, Features & Tools
Access
Branch/ATM: None. No branches, ATMs, or cash rails.
Mobile app: Google Play 4.6 (~2.16k–2.18k reviews). iOS U.S. rating should be re-checked live.
Cash deposits: Not offered — no Allpoint+, Green Dot, USPS, armored, or night drop
Features
Invoicing/bill pay: Branded invoices and payment tracking in Checking. Bill pay Essentials; advanced approval chains Premium.
Virtual cards: Included — charge card product with spend limits and policies (Premium: multiple customizable policies)
International: Payments in 30+ local currencies marketed; local-currency wires on Essentials. Not full multi-currency DDA balances.
Integrations
- ✓ QuickBooks, Xero, NetSuite (Essentials basic; Premium customizable ERP/HRIS)
- ✓ Gusto and similar payroll connections (not native payroll)
Limits & Requirements
Opening deposit: $0
Minimum balance: Not disclosed. Column DDA may close if negative ≥30 days or dormant 18 months.
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.
Best for: No monthly banking fee Free wires and ACH 512 sub-accounts Treasury MMF yield FDIC sweep up to $6M Startup / venture-backed Expense management platform Same-day ACH
Pros & Cons
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
Strong Pick (funded U.S. corp/LLC needing treasury + spend platform)
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.