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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
@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/