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09-30-2021, 06:39 PM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,904
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.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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10-01-2021, 06:52 AM #2
- Join Date
- Feb 2017
- Posts
- 3,379
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.
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