Automatic transfers
Overview
You can always transfer funds into your Brex business account on a one-off basis, but to help maintain a specific balance, you can set up automatic transfers between your checking, treasury, vault, and external accounts. Account admins can do this by following the steps below.
In your dashboard
Step 1: Go to Accounts and choose the checking account you want to set an auto-transfer rule for. Step 2: Under Manage settings, go to Auto-transfer rules and click Manage. Step 3: Click Add rule to create a new rule, or click the pencil icon to edit an existing rule. You can choose from the following rules:
- Maintain account minimum rule: Choose a minimum balance to maintain in your selected checking account. If your checking account minimum balance falls below that amount, a transfer will automatically be initiated from your selected account in the amount to get your account balance up to the minimum balance amount that you selected.
- Select the amount, the frequency, and the account from where the transfer will be made. You can only set up one minimum balance rule per checking account.
- You can either use an internal account to top up your minimum balance (e.g. treasury or vault), or an externally linked bank account.
- Note A minimum balance rule will be initiated first thing in the morning on the desired cadence. For an externally-originated debit such as a payroll transaction, you must have funds in your account upon receipt of the debit, or else the transaction will be rejected.
- Maintain account maximum rule: Choose a maximum balance to maintain in your selected checking account. If your account exceeds this amount, based on your auto-transfer rule(s), the next transfer will adjust to bring you back to your maximum balance.
- Select the amount, the frequency, and the account where the transfer will be made. You can only set up one maximum balance rule per checking account.
- Transfer recurring amount rule: Set up an amount to transfer from one account to another on a regular basis. You can set up recurring transfers between Checking accounts, from checking to treasury and vault, as well as from treasury and vault to checking accounts.
Note: To remove an existing rule, click the trash icon in the top right. Step 3: Click Done. Your automatic transfers are now set. You can repeat this process to edit one or multiple rules in the future.
Automatic transfer behaviors between account types
Initiation schedule
Once set up, auto-transfers are triggered between 3:30 and 4:30 AM ET on business days. Any auto-transfer scheduled for a weekend or banking holiday will trigger on the previous available business day.
Payout schedule
The time it takes for your balance to be adjusted depends upon the source of funds:
- Transfers from treasury: Funds pulled from treasury will typically settle by 9 am ET.
- Transfers from vault: Funds pulled from vault will settle by 4 pm ET.
- Transfers from external accounts: Funds pulled from an external account will settle in 0-3 business days.
If your automatic transfer fails
If your automatic transfer fails, you’ll receive an email that tells you the cause of failure and how to fix it. While the failed transfer won’t reinitiate, it’s important to address the problem to make sure the subsequent automatic transfer is successful. If your transfer fails due to insufficient funds, you’ll be prompted to add more funds to your designated external account or your selected account type. If your transfer fails due to a broken bank connection, you can reconnect it. If your transfer fails due to your account’s ACH debit limits, you’ll need to lower your automatic transfer threshold. You can also contact Brex Support for assistance.