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, and vault account. These transfers can come from one of your other accounts or from a connected external bank account for your account’s minimum balance. Account admins can do this by following the steps below.
In your dashboard
Step 1: Go to Accounts > Business account and choose the checking account you want to set an auto-transfer rule for. Step 2: Under Automatic transfers, 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 account falls below this amount, based on your auto-transfer rule(s), your next transfer will adjust to bring you back to your minimum balance.
- Select the amount, the frequency, and the account from where the transfer will be made. You can only set up one minimum balance per checking account.
- You can use a connected bank account to maintain a minimum balance as well by selecting the account from the dropdown menu.
- 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 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 3:30-4:30 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
Auto-transfers from external bank accounts land within 2-4 business days. Auto-transfers from checking, treasury, or vault accounts typically land within 0-1 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 next week’s automatic transfer 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.