Customer stories

Customer spend in policy automatically
Total customer rewards earned
Total hours saved with automation
— Ty Barton, Accounting Manager, Signifyd
— Ty Barton, Accounting Manager, Signifyd
— Imran Syed, founder and CEO, Hatchproof
— Teddy Collins, Vice President of Corporate Finance at SeatGeek
— Ty Barton, Accounting Manager, Signifyd
— Ty Barton, Accounting Manager, Signifyd
— Ty Barton, Accounting Manager, Signifyd
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“It is hands down the best service and experience I have had as a startup founder. Every other service we have I feel like they want to get me on the phone to just sell me sh**. Brex I felt was not pushy, and every time they reach out they want to help us. It is really refreshing when I have a billion things to do.”
“Brex provides you with one place to track all expenses for the team. I have visibility into what I have spent and what my team has spent before submitting to finance. It is easy to drag and drop receipts into each item to show justification and add notes and categories to those items so we know where the money is going and on what.”
“Brex artificial intelligence helped us automate expense models, whereby recording expenses in detail and sending them for approval and also archiving them on the cloud is done quickly, and tracking spending at the enterprise level has become easier, as reports include expenses in detail, which enables decision makers to make decisions and also ensuring that spending is done correctly and within specified budgets.”
The “total treasury return” posted (between 3.59% and 3.94%) is not the DGVXX 7-day yield, it is an annualized compounded number based on the current 7-day yield for the BNY Dreyfus Government Cash Management Fund (DGVXX) (3.53%) and the additional return paid by Brex Treasury LLC, and assumes (1) that yield will remain static, and (2) all dividends and distributions will be reinvested and held for one year, compounding at that static rate.
The additional-return rate is a Brex-set nominal rate based on your applicable balance tier and is an annualized, compounded figure. This means that if additional returns are not held for a year, the realized additional return will be lower than the displayed rate. Your tier is determined daily based on your total Brex balance across Checking, Treasury, and Vault. It may change as that balance changes; Brex may also change the tier schedule at any time. Actual payouts are calculated daily and may be lower or higher.
The total return shown is an annualized estimate. It assumes the current DGVXX yield and your applicable additional return rate remain unchanged for one year, and that monthly payouts are reinvested. Actual returns will vary because fund yields, your balance tier, and your Treasury balance may change. Additional return is calculated daily and paid monthly on funds invested in Treasury. More information can be found here.
DGVXX yields fluctuate daily, and past yields are not indicative of future yields. This means that if dividends and additional returns are not held for a year, or if rates fall, the actual realized total treasury return will be lower than the rate displayed.
The posted rate is based on customers who are eligible for the highest-tier rate on their Brex business account. Yield and additional return are variable and are earned only on invested funds in Treasury. They are calculated daily, provided monthly, and automatically reinvested. Investing in securities involves risk, including the risk of loss. An investment in DGVXX is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so, and you may lose money by investing in the fund.
Brex LLC is a wholly owned subsidiary of Capital One, N.A.
Brex LLC | 2261 Market Street STE 85844 | San Francisco, CA 94114
Brex LLC | 650 S 500W Suite 300 | Salt Lake City, UT 84101
The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC (an unaffiliated institution), and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC and a Capital One company.
Securities are offered through Brex Treasury LLC. Funds in Treasury are not FDIC-insured. Funds in Vault at program banks are eligible for FDIC insurance. Funds are not FDIC-insured until they arrive at program banks. Conditions apply.
Investing in securities involves risk and loss of money. Yield and return are variable and fluctuate. Past performance is not a guarantee of future results. This is not an offer to, or implied offer, or a solicitation to, buy or sell any securities. Brex Treasury LLC does not provide legal, tax, or investment advice. The latest statement of financial condition for Brex Treasury LLC is available here. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insure