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Platform Agreement

Program Banks List

Revised November 5, 2024

The following is a list of program banks that currently participate in our FDIC Sweep program. Please check this list periodically, as program banks may be added or removed.

Uninvested cash in your Brex business account will automatically be swept into these banks in a predetermined order, and you will be eligible for up to $250,000 in FDIC insurance as described in the Brex Business Account Sweep Disclosure:

  • Axos Bank, Member FDIC
  • East West Bank, Member FDIC
  • Hinsdale Bank & Trust Company, N.A., Member FDIC
  • Lake Forest Bank & Trust Company, N.A., Member FDIC
  • LendingClub Bank, N.A., Member FDIC*
  • Merchants Bank of Indiana, Member FDIC
  • Old Plank Trail Community Bank, N.A., Member FDIC
  • Town Bank, N.A., Member FDIC
  • Wheaton Bank & Trust Company, N.A., Member FDIC
  • Barrington Bank & Trust Company, N.A., Member FDIC
  • Northbrook Bank & Trust Company, N.A., Member FDIC
  • State Bank of the Lakes, N.A., Member FDIC
  • Wintrust Bank, N.A., Member FDIC
  • UMB Bank, N.A., Member FDIC
  • Beverly Bank & Trust Company, N.A., Member FDIC
  • Crystal Lake Bank & Trust Company, N.A., Member FDIC
  • Libertyville Bank & Trust Company, N.A., Member FDIC
  • Exchange Bank, Member FDIC
  • Schaumburg Bank & Trust Company, N.A., Member FDIC
  • Poppy Bank, Member FDIC
  • Flagstar Bank Bank, N.A., Member FDIC
  • Cornerstone Capital Bank, Member FDIC
  • Farmers and Merchants Bank, Member FDIC
  • St. Charles Bank & Trust Company, N.A., Member FDIC
  • Village Bank & Trust, N.A., Member FDIC
  • The Freedom Bank of Virginia, Member FDIC
  • CIBC Bank USA, Member FDIC

*Planned removal from Program Banks on 11/29/2024

If you have any questions or want to opt out of any program banks (which you can do at any time), please email contact@brex.com. Please see our program disclosures for more information.


Do I still have access to my cash that’s been swept to the program banks?

Yes, your uninvested cash in the partner banks is available for withdrawing, spending, and investing through your brokerage account.


What if I already have an account at one of your program banks?

FDIC insurance at each program bank takes place at the customer level. So, if you already have deposits at one of the program banks then those deposits will be aggregated with your Brex business account balance to determine the $250,000 FDIC insurance limit.