Automatic transfers

Step 1: Go to Accounts > Business account, choose the business account you want to set a minimum balance for, and click Account settings > Set up minimum balance. Alternatively, click on Set up minimum balance below your available balance. Step 2: Fill out the details of your automatic transfer, which includes all of the following:

• Maintain minimum balance of: The balance that’ll be maintained in your Brex business account. If your account falls below this amount, the next transfer will make up the difference.
  • For example: If you set your minimum balance to $1,000,000, and it falls to $750,000, you can expect the next transfer to be for the amount of $250,000.
• Transfer from: The connected bank account where the transfer will pull from.
• Initiate transfer on: The day of the week that we check to see if your balance has fallen below its threshold. If it has, this is also the day that an automatic transfer will occur.
  • The note below this selection tells you when to expect the payment arrival.

Step 3: Click Set up. Your Brex business account minimum balance is now set. To edit this in the future, go to Accounts > [Brex business account name] > Account settings > Automatic transfers > Manage. Here, you can change the parameters, or toggle Minimum balance off to stop maintaining a minimum balance. Doing so will cancel any minimum balance transfers.

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. 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.