Services may be provided by Brex Payments LLC (NMLS #2035354). Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.īrex does not provide, nor does it guarantee, any third-party product, service, information, or recommendation and may pay third parties and/or be paid by them for customer referrals. Review the background of Brex Treasury or its investment professionals on FINRA's BrokerCheck website. This is not an offer, solicitation of an offer, recommendation or advice to buy or sell any security, financial product, instrument or to open a brokerage account in any jurisdiction where Brex Treasury is not registered. SIPC currently protects the assets in each of your securities accounts at Brex Treasury up to $500,000 (including $250,000 for claims for cash). Past performance does not guarantee future results, which may vary. ![]() Contact us for a copy of the fund prospectus. Carefully consider a fund's investment objectives, risks, charges and expenses, as described in the applicable mutual fund’s prospectus. The figure shown here is an estimate of the annualized yield based on the average performance of the past seven days.* Yield is variable and fluctuates. *Your account earns yield on an annual basis. Brex Treasury is not a bank nor an investment adviser and your Brex business account is not an FDIC-insured bank account. Investing in securities products involves risk and you could lose money. Use of Brex Empower and other Brex products is subject to the Platform Agreement.īrex Treasury LLC (“Brex Treasury”) is an affiliate of Brex and a member of FINRA and SIPC that provides Brex business accounts, accounts that allow customers to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at Brex’s partner banks. Use of Brex’s user data access application programming interfaces is subject to the Brex Access Agreement. ![]() ![]() provides the Brex Mastercard® Corporate Credit Card, issued by Emigrant Bank, Member FDIC or Fifth Third Bank, NA., Member FDIC. (“Brex”) and the Brex logo are registered trademarks.īrex Inc. Some counterparties may attempt to debit your account from multiple ACH IDs, including ones that have not been blocked. Brex's trusted counterparty feature relies on ACH IDs supplied by users. Past performance is not necessarily indicative of future results. Please see /cash for important legal disclosures. Brex Treasury is not a bank and your Brex business account is not a bank account. Investing in securities products involves risk, including possible loss of principal. Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex business accounts, a program that allows customers to elect to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at partner banks. Step 3: Select either Trust counterparty or Block counterparty. Step 2: Click the arrow on the right side of the transaction details. Step 1: Select the transaction from the counterparty that you would like to block or trust. This can be helpful if you don't know the ACH ID for the counterparty. You can also block or trust counterparties from Account > Brex business accounts > Transactions. Step 4: Click Add to define a new counterparty by entering their name and unique ACH ID and click Continue to save that counterparty to your list. Click the three dots next to the counterparty to modify or delete them. Step 3: Click either Edit blocked counterparties or Edit trusted counterparties to view your list of counterparties. This will determine whether you'll manage a list of blocked counterparties or trusted counterparties. Step 2: Find the ACH debits section and toggle Only allow debits from trusted counterparties on or off. Alternatively, navigate to Accounts > Business accounts, click Account settings > Manage allowlist. Step 1: Click your company's name at the top right of your dashboard and select Settings. This can be managed by account admins from the Brex dashboard. There are two ways to configure your account:Īllow debits from all counterparties unless they are specifically blocked.īlock debits from all counterparties unless they are specifically trusted. Whenever an unauthorized ACH debit is attempted, all Brex business account admin and card admins, as well as Brex business account users, will be notified via email. ![]() You can prevent unwanted ACH debits by managing which counterparties are authorized to pull funds from your Brex business account.
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