Some companies that share bank accounts are able to split their overall credit limit with different allocations.
Here’s an example to explain this further:
If you have two companies and want to allocate 60% of the shared limit to Company 1 and 40% of the shared limit to Company 2, if we approve the allocation we’ll split your limit as such:
Company 1’s split limit would be 60% of the limit from all connected banks, statements, and Brex Cash balance.
Company 2’s split limit would be 40% of the limit from all connected banks, statements, and Brex Cash balance.
If the shared limit across all companies is higher than a specific amount, we require a parent or affiliate company to sign a guarantee to ensure that in the event where a subsidiary company cannot make payment, it will be covered by the parent company or other guarantor.
If you have any questions about your specific situation, please feel free to contact Brex Support.