There are two ways to pay the fee applied to your Instant Payout:
- Pay with Cash only - Brex will automatically collect the fee from your next platform payout
- Pay with points first - Brex will collect the fee from your rewards points at a rate of $1/100pts. Any remaining balance will be collected from your next platform payout
Your default payment method is chosen when first adding instant payouts to your Brex Cash account. The payment method can then be updated when initiating a new Instant Payout.
Step 1: Go to Instant Payouts in your Brex dashboard and select Get paid now
Step 2: Enter the amount you would like to deposit
Step 3: Under 1.5% Fee will be your selected default payment method. Click the arrow on this option to update the payment method.
Brex Inc. provides a corporate card. Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, a program that allows customers to elect to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at program banks. Investing in securities products involves risk, including possible loss of principal. Brex Treasury is not a bank and your Brex Cash account is not a bank account. Please see brex.com/cash for important legal disclosures. Past performance is not necessarily indicative of future results.
Brex Treasury is not an investment adviser, and therefore investors should consider the investment objectives, risks, and charges and expenses carefully before investing. Brex Treasury LLC does not charge transaction or account fees. However, money market funds bear expenses and fees. See program disclosures and the applicable fund prospectus for details and other information on the fund. Contact us for a copy of the fund prospectus and recent performance data. You should read the prospectus carefully before investing.
Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
The Instant Payouts Program is offered by Brex Finance I LLC, an affiliate of Brex Inc. and Brex Treasury LLC. The Program is a factoring arrangement and not a loan. You must have a valid Brex Cash account in good standing in order to qualify. Subject to further conditions.
None of the information contained in this article represents an offer to buy or sell, or a solicitation of an offer to buy or sell, any security, and no buy or sell recommendation should be implied. This message is intended only for the personal and confidential use of the designated recipient(s). If you are not the intended recipient of this message you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited.