In a bid to provide founders with access to capital whenever they need it, Brex, an all-in-one financial stack which supports startups in the US, introduced a number of digital banking products and new updates to its business account service. Through this, Brex merges corporate cards, expense management, bill payments, travel booking, treasury, and banking into a vertically integrated offering. Brex underlined its commitment to providing access to banking and cash to startups and supporting them from inception to IPO, with the current news working towards achieving this objective.
Open accounts and transfer funds globally within the new Checking account enabled by Column N.A, having no transaction fees on ACH transfers, checks, and domestic wires, as well as international wires in more than 40 countries;
A Treasury account that enables customers to supervise and manage funds, with Brex not imposing fees, minimum balance requirements, liquidity restrictions, or waiting periods;
A Vault account where funds are branched out across over 20 program banks with up to USD 6 million of total FDIC insurance.
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