What type of statements can I use for underwriting?

In order to determine your credit limit from your bank statements, Brex will require at least one operational account and 2 months worth of statements. In order to be acceptable for underwriting purposes, these statements should be:

Complete - statements with missing pages will not be accepted
Unaltered - no redacted info and mark ups such as highlighting or commenting
In PDF format - screenshots, spreadsheets, scanned copies or activity reports will only be considered for exceptions
From business accounts only - personal bank accounts will not be accepted
From domestic bank accounts only, and funds denominated in USD

Types of Acceptable Bank Accounts

Bank savings or checking

Certificate of deposits will be accepted as long as their maturity is < 1 year
Consolidated statements (i.e. one single pdf document that contains multiple accounts) will be accepted as long as each account satisfies our general guidelines

Sweep and money market accounts

If a sweep account statement shows a $0 balance, Brex will require statements for the sweep account and the originating account
Money market mutual funds will only be accepted if invested entirely in short-term assets

Investment/Brokerage accounts

Brex will accept cash, cash equivalents (cash, money markets, etc.) and short-term debt securities (bonds, Treasury Bills, other types of fixed income)
Brex will not accept equities (stocks), mutual funds, long-term debt securities, options, cryptocurrency, or any other type of security with inherent risk/market volatility

Was this article helpful?

Yes | No

Still can't find what you're looking for? Chat with us.