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Glossary

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Account Holder

An account holder is any person that the bank has designated and authorized to transact business on behalf of an account. The signature of each account holder must be on file with the bank, as this entitles that individual to conduct business on behalf of the account.

Account History

Account history is a summary of all the activity within a bank or credit account over a specified period. This includes a record of transactions, the number of times the account was over limit or past due, as well as passive entries such as interest earned on the balance. Banks send monthly statements to holders of checking, savings, and brokerage accounts.

Account Agreement

An account agreement is a contract governing an open-end credit account. It outlines the rights and responsibilities of both the holder and the bank. The account is not activated until the customer has read, agreed upon, and signed the contract. For joint accounts, all parties involved must sign the account agreement.

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© 2019 Brex Inc. “Brex” and the Brex logo are registered trademarks.

The Brex Mastercard® Corporate Credit Card is issued by Emigrant Bank, Member FDIC. Terms and conditions apply. See the Brex Platform Agreement for details.

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 sweep uninvested cash balances into certain money market mutual funds. Investing in securities products involves risk, including possible loss of principal. Neither Brex Inc. nor any of its affiliates is a bank. Please see brex.com/cash for important legal disclosures.