Definitely can't depend on a cash management fintech company for my legit LLC (since 2002) if they can't even review an application in 16 days. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. If you're having trouble signing in, please follow the steps below depending on your issue. Once again, beware of this scam !!!!! Proactively close your account through your Brex dashboard. Lets see if the points make it to the airline.. Has anyone else had their accounts abruptly closed for inactivity? They have been holding my money hostage for over a month. Step 1: Click Team on the left side of your Brex dashboard, and then click Locations. We are chatting with them, however (as ever), we would generally caution readers against relying on single data points from front-line customer service employees, who are unfortunately rarely as informed as would be optimal. We'll walk you through the setup process for your Brex account and introduce you to its main functions to ensure you get the maximum value. The Brex product and marketing teams are aware that people are getting conflicting information, but assure us that the link tracking is in place, and everyone who applies through the OMAAT links will receive the 80k bonus after meeting the spending requirement. If the problem continues, reach out to support@brex.com for help. The additional bonus will post automatically upon qualifying activity, since it's exclusive to those who applied through this link. With Globalfy banking you have exclusive customer support, no hidden fees, +200k in perks, and a super fast process to open your account. See this post for everything you need to know about redeeming Brex points. I didn't use this Bank a lot for my business due my suspicion about their activities and lack of customer service/ support and transparency. Brex does not track where transactions come from. This is not an offer, solicitation of an offer, recommendation or advice to buy or sell any security, financial product, instrument or to open a brokerage account in any jurisdiction where Brex Treasury is not registered. When an account is suspended, we review your current information and temporarily suspend transactions on your account. Surprising as they asked for almost no information on the application. @Susan I did an online chat with Brex and you can get it back. i wanted to make sure the new bank is operating properly before transferring all business accounting here. Brex will shut off your funds with no warning if your Bank account you link to them drops below 25k. Step 3: Assign a name and description. With Brex, you can opt to deposit funds as uninvested cash or invest your dollars in a money. Though Brex now serves . It's like play school dealing with them. Your feedback is important in helping us keep our community safe. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures. People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. Incorrectly formatted addresses are one of the top reasons for undelivered physical cards. More forthcoming requirements would be helpful as we would not have wasted time applying if we did not believe we met all requirements. We've tried it with both Stripe and Gusto, and it was as easy as changing the ACH info in Stripe and Gusto, and Brex recognized the transaction. Were currently developing more robust tools for easily tracking and visualizing your account spend. I had been a customer for almost a year and was enjoying using their services until they sent me an email out of the blue saying my account will be closed and I need to move my funds. I keep seeing people mention PayPal, but nothing about "payroll" and if it IS "payroll," how does that work if you're the only owner/employee? Most businesses just can't get approved for that as easily, since it is designed for tech companies/startups and has additional underwriting requirements, but it still counts for the bonus. Businesses that qualify for a Brex account can enjoy limits that are up to 20 times those seen at traditional lenders. I'm not impressed at all in regards to redemption. on Brex's website Quick Facts Get 10,000 points when you spend $3,000 on a Brex Card within your first 3 months. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. If youre eligible you absolutely should apply, in my opinion: There are two reasons you should get a Brex Cash account theres a huge bonus when you sign up, and then theres lots of value in keeping a Brex Cash account. That means that you need to transfer the cash in order to use this account. Roles available Account admin Note: This role type is only available for accounts with a Brex Cash account enabled. I just received the 80k bonus as I didn't rush into this. The figure shown here is an estimate of the annualized yield based on the average performance of the past seven days. TProphet all throughout the month there was never anything under my account profile or rewards about or progress towards the 80k bonus. @ entrada -- They should post very quickly after you've spent the $1k. Once your account has been closed, here is what you can expect in regards to your Brex Cash account, accrued rewards, and overall account data. Post here (Ben: I know you have a business relationship with Brex, but you owe it to your readers to help make this right. Services may be provided by Brex Payments LLC (NMLS #2035354). So in my case I lost about 20 days of spending time since that is how long it took for them to approve the account. The worst company ever!! Past performance does not guarantee future results, which may vary. Brex Cash is a cash management account provided by Brex Treasury LLC. That number is separate from the billions that customers were reported to have transferred on Thursday to Brex. Hope this is the last Brex "reminder," that gets thrown onto the top of the front page. Contact us for a copy of the fund prospectus. Close my account, fine. Otherwise, there's a button that lets you link accounts. Stay tuned for the class action (I'll gladly be the class Has anyone else had their accounts abruptly closed for inactivity? Stay connected with the latest travel, aviation, and credit card news. @ dizzy -- I replied to this on the other post, but just in case you didn't see this, you should be able to get that fairly easily from your state licensing bureau. We're a 60 person company that switched to Brex for our company cards back in June 2022, moving from a legacy credit card provider that had frozen all our cards, based on just one suspicious transaction (we're a travel company, charges can come from a LOT of countries) too many times already. How Brex appears Each credit agency displays information differently, so Brex payments may be listed under Brex, Business/Financial Services, or similar terms. @ Darlene -- You will get the 80k points. Thanks again. The "other" post is a litany of account delays (maybe not the most serious issue), but quite seriously, frozen accounts, frozen funds, and absolute absence of communication from Brex about any of this. A Disney Junior -branded Twitter account has been suspended after receiving a gold tick from the social media . A Brex admin can increase their limit by following the steps below. So spending $3,000 on that would earn you an extra 10,000 points. I ask because $3,000 is the minimum spend but I will need to transfer more than this amount to Brex because 80% of your Brex cash balance is the maximum amount that can be spent on the debit card. I then decided to try and push money to the account and the bank I deal with says that the routing number provided is not a bank I am able to push money to or pull money from and they can't set it up. I qualified fairly quickly for the 20k bonus and received it promptly. I qualified fairly quickly for the 20k bonus and received it promptly. Inconsistent decisions about denial. I certainly could be wrong, and heck, I'd even plan on getting a 1099, but to me it doesn't matter much, because I'm coming out way ahead either way. Were sorry to see you go! Not only can you earn 110,000 bonus points (redeemable for 110,000 airline miles or $1,100), but you can get an account that will prove incredibly valuable for your business. I hope I did not waste a credit pull on this. Worst service ever, they closed our company account without a notification and denied to provide the reason for the closure, they hold your funds and never reply about your closed account anymore. we haven't heard of that happening to anyone else. We also ensure all reviews are published without moderation. @ Troy -- If you were approved for the Cash+30-day product, you would still get the 80k points. @ Erik -- I'm working on getting an answer. Currently, our support team isnt able to schedule individual demos. If you're a Brex customer and have a high balance on it, I'd strongly advise you to move it out because they can suspend your account without prior notice and not let you access your hard earned money. They should receive a small application to determine who or not qualify before collecting compromised data. Along with such spend analytics, Brex has fraud and theft protection as well as customer support to settle any problems arising. Welcome to Brex! Download the free Brex app to: Use your card without reaching for your wallet. Gold verification badges cost $1,000 per month, although the social . During this time, youll be limited to downloading your statements from your dashboard and wont be able to transact on your Brex Cash account or cards. Carefully consider a fund's investment objectives, risks, charges and expenses, as described in the applicable mutual funds prospectus. Does this mean if we use any other credit cards for our business we would not be eligible for this transfer? The account would better if it offered hotel point transfers, as well as cash back. University of South Florida running back Michel Dukes was arrested on allegations of domestic battery over the weekend.. This is like a bank account or a pre-paid card. I have communicated with Brex and they have been overwhelmed by the volume of interest in their product, and their customer service response times", Instead, the banner update is, "sIGn uP Now, oFFER WoNt LAsT!!!". @ Guest -- Ugh. Both Brex Business Cash accounts are Active Transfer Accounts at Chase I added "payroll," one account via PayPal and one via Venmo. Step 1: Click your company's name at the top right of your dashboard and selectSettings. In other words, you link your business checking account, and then you can transfer funds and then use your Brex account for everything from payroll to business purchases. Hope that helps. It did require my social security number. Stay away from them. In Florida you can do it instantly on a website with a small (. Step 2: Click Add department in the top-right corner. Everything is approved, but it won't allow me to transfer funds. I think as other customers comment, there will be many more customer issues that mirror that. Feels like an underhanded attempt to clear liabilities from their books. If youre eligible, Id highly recommend applying for a Brex Cash accountwith the current limited time bonus. Fireside, the Mark Cuban-backed interactive entertainment app, has . My account is approved - but no bonus offer attached supposedly. We help companies spend, save, and earn smarterand take every dollar furtherby doing more than a bank, bookkeeping, or reward program could ever do alone. I linked my PayPal account and the trial deposits triggered the payroll bonus. Step 2: Under the Personal tab, Dark mode will be the option at the very bottom of the page. Following the news regarding First Republic Bank, were doing everything we can to help those impacted by these events Brex customers or otherwise. One question I have though, what did you mean by this line? Anyone can write a Trustpilot review. Synder protects your data with two flagship features: duplicate detector and rollback. Brex Cash accounts If you have a Brex Cash account, your primary account admin will be emailed a 1099-DIV form at the beginning of the calendar yearby mid-February at the latest, in time for tax season. We are all trying to get by and we are not paying for this content, therefore I don't understand how you are cheated. Rewards:rewards@brex.com The principals of its FIntech seem to be way over their heads. This is not an offer, solicitation of an offer, recommendation or advice to buy or sell any security, financial product, instrument or to open a brokerage account in any jurisdiction where Brex Treasury is not registered. I signed up this morning using your link but selected cash and card figuring i had to have a card for the purchases. To be clear, if you dont get instantly approved, that doesnt mean youll necessarily be denied. @Santiago Speranza, allegedly it's every Tuesday. I'm not sure why my account was closed (my other business account wasn't linking so I instead linked a personal bank account and personal PayPal account, and I signed up with a gmail email - I recommend not doing any of those things!) Mark Cuban-backed streaming app Fireside confirms $25M Series A at $138M valuation. Brex Treasury LLC (Brex Treasury) is an affiliate of Brex and a 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 Brexs partner banks, such as JPMorgan Chase Bank, Member FDIC. Brex, a six-year-old startup worth $12.3 billion, offers spend management solutions for businesses, including cash accounts that can be used to pay bills and fund payroll. Brex admins can create, edit, and delete departments by following the steps below. After the $1k spend has been met, how long until the 80k points are posted? Press: press@brex.com Company Account means the account and records, including the Company Spending Limit, maintained by Issuer for Company including all its Cardholders. Hi Leon, thank you for leaving us a review. Thanks again. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures. Make sure you have a valid business (that isnt a sole proprietorship), Make sure you select the Brex Cash option if youre presented with it during the application process, Ideally enter your actual business email address and business website, rather than using a personal email. During this time, you'll be limited to downloading your statements from your dashboard and won't be able to transact on your Brex Cash account or cards. Brex is all-in-one finance for growing businesses. Team King Good-bye__.. @upadhyayabhii #Power_of_King We want to make sure you have the tools you need to manage your spend no matter where you are in the world. I hit the cash and card option by mistake instead of the Cash account as I should have.
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