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Brex and Large Balances

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Anonymous
Not applicable

Brex and Large Balances

     Was wondering if anyone thinks its safe to keep a large balance like 6 figures in a Brex account.  I do like Bank of America but they charge for ACHs and 2 tiers of ACH $1 for slow ACH and $3 for overnight ACH.  Meanwhile Brex ACH shows up at 2am.  Also Brex has free wire transfers where as BofA charges $30 for wire transfers.  If your doing quite a lot it can addup.  Also Brex reports to d&B

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NYC_Fella
Frequent Contributor

Re: Brex and Large Balances


@Anonymous wrote:

     Was wondering if anyone thinks its safe to keep a large balance like 6 figures in a Brex account.  I do like Bank of America but they charge for ACHs and 2 tiers of ACH $1 for slow ACH and $3 for overnight ACH.  Meanwhile Brex ACH shows up at 2am.  Also Brex has free wire transfers where as BofA charges $30 for wire transfers.  If your doing quite a lot it can addup.  Also Brex reports to d&B


AFAIK your money is kept not by Brex, but by a partner bank; so you are FDIC-insured up to $1.75M.

 

https://www.brex.com/support/is-brex-cash-a-bank-account/

 


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