[abfunders]

Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, an account that allows customers to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at Brex’s partner banks, such as JPMorgan Chase Bank, Member FDIC and LendingClub Bank, N.A., Member FDIC. Investing in securities products involves risk. Brex Treasury is not a bank, and your Brex Cash account is not a bank account. A list of partner banks is available at https://www.brex.com/legal. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.

So it's not a bank fully, they are partnered with Lending Club Bank (AKA Radius). Maybe not being a bank is a good thing? Just like the Genie card? Or perhaps its better? Because anything a bank can do, Brex can do just as well. And they even let foreigners who have US-incorporated companies sign up for a US bank account! How cool is that?

Someone on this forum signed up under my link, we both earned $250 Amazon cards, and he's now sending offers out to his clients who don't have a business bank account as a way to monetize some of those leads.