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Brex Cash account review

This cash management account lets business owners save idle money or invest it, but yields are low.’s rating: 3.4 / 5.0


Brex Cash is a cash management account that gives business owners the option to save idle cash or invest it in money market mutual funds. There are no fees associated with Brex Cash, but there’s no ATM access and invested funds have a low yield at 0.01%.

$0 per month





Minimum deposit to open


APY0.01% If you invest in money market funds
Fee$0 per month
Minimum deposit to open$0

Review by

Michael Benninger is a staff banking writer at Finder. He is a former credit analyst and longtime freelancer whose articles have been published by Intuit, Business Insider and the Los Angeles Times. Michael is passionate about all facets of personal finance and has written hundreds of articles about money management during the past decade.

Expert review

Brex Cash is best for business owners who want a tech-forward bank account that can keep up with their changing needs. Its biggest draw is zero fees and the option to invest idle cash in money market funds.

But invested funds earn virtually no yield, and you can’t use ATMs. You could earn a high yield with a business bank account that earns interest out the gate.

How do I open a Brex Cash account?

Applying for a Brex Cash account only takes a few minutes:

  1. Click Apply now.
  2. From the Brex Cash website, select Open an account. Enter your name and email address, then create a password and select Continue.
  3. Enter your company name, company type, industry, funding source, employee count and website address, then select Apply.
  4. Enter your business details, leadership structure and business ownership, then read and accept the terms and conditions.
  5. Once your application is complete, wait for approval from Brex before linking a funding source.


Consumers, sole proprietors, and unregistered businesses are ineligible to open Brex accounts, but you can apply for one if you satisfy the following criteria:

  • Must represent an incorporated business, such as a C-corp, S-corp, LLC or LLP.
  • Business must be organized and registered in the US.
  • Business must not conduct activities prohibited by Brex, such as sell controlled substances or firearms, engage in prostitution, etc.

Required information

You’ll need to furnish the following information during the application process:

  • Proof of business ownership
  • Employer identification number (EIN)
  • Details about your business’s leadership structure

How long will it take to get approved?

Approval for your Brex Cash account might take a day or two.

What are the benefits of a Brex Cash account?

Brex Cash accounts offer several benefits for qualified business owners.
  • Zero fees. Besides fees that may apply to deposits made into the money market fund, Brex won’t charge you for check deposits, monthly maintenance, ACH transfers or wire transfers.
  • No cap on transactions. Most business checking accounts come with 100 to 500 free transactions a month that you pay a fee for when you go over the limit. With Brex Cash, you have unlimited free transactions.
  • Instant payouts. If your business sells products on Amazon, you can access your sales revenue right away instead of waiting for up to two weeks.
  • Flexible saving options. Choose to keep your money in the FDIC-insured portion of your Brex Cash account, or invest it to earn a yield.

What should I look out for?

Despite the benefits of Brex Cash, this account also has some serious drawbacks.

  • Saved funds don’t earn interest. The only way to earn interest in your Brex Cash account is to invest in money market funds, which aren’t FDIC insured. On the other hand, some checking accounts — such as Kabbage — reward you with a 1.1% APY without having to invest funds.
  • Low yield. The average seven-day yields on funds invested through Brex Cash only have a 0.01% yield.
  • No ATM access. You can’t deposit or withdraw cash from ATMs, and you can’t get cash back from retailers.

Is Brex Cash safe?

Yes. Brex is a member of the Securities Investor Protection Corporation (SIPC), which means any funds you have invested in securities are insured for up to $500,000. Any uninvested funds you deposit in your Brex Cash account are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000. Brex also uses two-factor authentication, strong security protocols and advanced fraud monitoring.

Brex Cash reviews and complaints

As of March 2021, Brex is not accredited by the Better Business Bureau (BBB), but it has an A- rating on the BBB’s website based on two customer complaints and zero customer reviews. Brex has eight reviews on Trustpilot, with an average rating of 3.9 out of 5.

Compare Brex Cash with other business checking accounts

Name Product Fee Minimum deposit to open ATMs
NorthOne Business Banking
$10 per month
withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs

A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
First Internet Bank Small Business Checking
Up to $10 ATM fee reimbursements a month, plus free access to the ATM Plus Network
No minimum balance and no monthly service fee. Make unlimited deposits. Get reimbursed up to $10 per month in ATM fees
Chase Business Complete Banking
$15 per month
(can be waived)
over 16,000 in-network ATMs
This Chase business checking account has built-in card acceptance using a smartphone card reader. $300 bonus offer
Brex Cash account
Brex Cash is an innovative cash management account that lets business owners choose whether to save or invest funds.
$4.99 for Lili Pro
32,000 fee-free ATMs nationwide
Freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital bank account

Compare up to 4 providers

How do I deposit or withdraw my money?

Brex Cash doesn’t support ATMs, but there are a few other ways to deposit and withdraw funds from your account.


  • Domestic or international wire transfers
  • Automated clearing house (ACH) transfers
  • Deposit checks using the mobile app


  • Domestic or international wire transfers
  • Automated clearing house (ACH) transfers

Frequently asked questions

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We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

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