Domestic and international wire transfers

OverviewDomestic wiresInternational wiresReverse wiresDisclaimer

Overview

A wire is a means of transferring funds to or from your Brex business account. There are two types of wire transfers:

  • Domestic wires: Transfer funds to someone in the United States. These are usually processed on the same day.
  • International wires: Transfer funds to a party in a separate country. These can take 0-1 business days, though this depends on the country and processing institutions involved.

You can also pay a bill by wire transfer from a Brex business account or an external account. For instructions on paying bills, refer to this help article. With checking, treasury, vault You can only send and receive wires from your Checking account. You can use the funds in your Treasury or Vault account to make a payment if you transfer them to your Checking account first by following the steps in this article.


Domestic wires

A wire is considered domestic if it is both sent to and originates from within the United States or a United States territory (including American Samoa, Guam, Northern Mariana Islands, Puerto Rico, or the Virgin Islands).

Send an outbound domestic wire

In the dashboard

Step 1: To initiate a wire transfer, navigate to Accounts > Business accounts in your Brex dashboard and click Move money > Send money. With checking, treasury, vault You can only send wires from your Checking account. Note: If you have bill pay enabled, your prompts will be Send funds > To external account > Vendor. Step 2: Provide the following information:

  • Recipient’s full name
  • Sender full name
  • Recipient phone number
  • Sender phone number
  • Recipient address
    • This cannot be a PO box
  • Recipient bank name and information
  • Recipient checking account information
  • The dollar amount you’re sending
  • Recipient bank’s routing number
  • Recipient’s account number

Step 3a: If this is a one-time payment, select Review to confirm the payment details and complete the transaction as scheduled. Step 3b: To repeat this payment, select Repeat this deposit and choose how often you’d like the payment to recur (monthly, weekly, or custom frequency). Step 4b: Indicate when you'd like the repeating payment to end. Step 5b: Review the recurring payment details and select Create recurring payment.

In the app Without checking, treasury, vault

Step 1: From your homescreen, tap Transfer and choose either Domestic wire or International wire. Step 2: Select a business account to use for the payment under From. Step 3: Choose an existing recipient and tap Continue, or tap Add new recipient. Step 4: If adding a new recipient, enter their sending information throughout the next several screens. Note: The required information will differ depending on if you’re sending a domestic or international wire. Step 5: Enter the payment amount. Step 6: Choose the payment date and whether you want it to repeat. Step 7: Review the payment details and tap Send.

In the app With checking, treasury, vault

Step 1: From your homescreen, click Accounts, tap Send and choose either Domestic wire or International wire. Step 2: Select a Checking account to use for the payment under From. Step 3: Choose an existing recipient and tap Continue, or tap Add new recipient. Step 4: If adding a new recipient, enter their sending information throughout the next several screens. Note: The required information will differ depending on if you’re sending a domestic or international wire. Step 5: Enter the payment amount. Step 6: Choose the payment date and whether you want it to repeat. Step 7: Review the payment details and tap Send.

Receive an inbound domestic wire

To have a vendor send you a domestic wire, please provide them with the following information and instructions: Note: If you’ve recently changed your legal business name or “doing business as” (DBA) name, please make sure your vendors have updated this in their records.

  • ABA/Routing number: 121145349
  • Account number: Your Brex business account number (can be found in Account details)
  • Account type: Business checking
  • Beneficiary name: Your company name (in Account details)
  • Beneficiary address: Your company’s address (in Account details)
  • Bank name: Column NA Brex
  • Bank address: 1 Letterman Drive, Building A, Suite A4-700, San Francisco, CA, 94129

Note: This is what Brex requires to initiate transfers. If the other party asks for additional information, you may need to get further instructions from them.


International wires

A wire is considered international if either the initiator or receiver is located outside of the United States or a United States territory. American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the Virgin Islands are all considered to be US territories. Note: We cannot support transactions in certain regions, listed in the Regions > Unsupported section further down on the page.

Send an outbound international wire

In the dashboard

Step 1: Sign in to your Brex dashboard. Navigate to Accounts > Business accounts > Move money > Send money. With checking, treasury, vault You can only send wires from your Checking account. Step 2: Enter the payment details including the beneficiary information, payment type, and amount. Step 3: Choose the desired payment date, noting the estimated arrival time on the right side. You’ll have the option of sending your international wire in either USD or in the local currency of your recipient's country. Note: Some currencies might not be available. Step 4: For one-time payments, select Review to confirm the payment details and complete the transaction. If you'd like the payment to repeat, please read this help article.

Receive an inbound international wire

To have a vendor send you an international wire, please provide them with the following information and instructions: Step 1: Enter the following beneficiary bank information:

  • SWIFT/BIC code: CLNOUS66BRX
  • SWIFT ABA/routing/transit number (if asked): 121145349
  • Bank name: Column NA - Brex
  • Bank address: 1 Letterman Drive, Building A, Suite A4-700, San Francisco, CA, 94129

Step 2: Enter the following intermediary bank information:

  • SWIFT / BIC code: CHASUS33XXX
  • Bank name: JPMORGAN CHASE BANK, N.A
  • Bank address: 383 MADISON AVENUE, New York, New York, 10179

Note: You’re not required to provide intermediary bank information, but we recommend doing so to help your wire arrive without delay. Step 3: Enter the following beneficiary information:

  • Beneficiary name: Your Brex business account’s full legal name.
  • Beneficiary account number: Your Brex business account’s full account number, which you can find using this help article.
  • Beneficiary address: Your office address.

As we’re transitioning to a new bank partner, please provide the information above to your vendors that regularly send international wires to your Brex business account. Note: Brex doesn’t have an IBAN, as IBANs are, more often than not, exclusive to European institutions. If you’re trying to arrange a transfer into your Brex business account and the originator’s transfer form requires an IBAN, please reach out to the sending institution.

Local currency

One of the most traditional forms of wiring money involves using the SWIFT network (Society for Worldwide Interbank Financial Telecommunication). However, using the SWIFT network runs your money through several different banks on the way to your destination, often resulting in delays and fees (especially currency fees). For instance, if you send an international wire from Brex to your supplier in Beijing, the wire might pass through Barclays London and Bank of Hong Kong before it’s deposited in your recipient’s account at Bank of China Beijing. To help avoid this, you can send an international wire in the local currency of the wire’s destination (sometimes called “foreign currency wires” or “FX wires”). Choosing to send payment in local currency as opposed to in USD gives you the following advantages:

  • Streamlined delivery. With fewer intermediary banks involved in local currency wire transactions, wires typically take less time to process and arrive sooner than wires sent in USD.
  • Fewer fees. Because fewer intermediary banks are involved, it reduces opportunities for added processing fees to be deducted from your wire. As a result, you can have higher confidence that your beneficiary will receive the amount you sent (although their bank may still charge them fees to receive the wire).

International wires can be sent from your Brex business account to any country listed under Supported. We cannot support transactions in any of the Unsupported regions. If you use your Brex Business Account to send an international wire transfer in a currency other than U.S. dollars, then we will choose the foreign exchange rate (“FX Rate”) for that transfer at our sole discretion. See your Brex business account agreement for more details. Note: Brex business accounts can send local currency wires, but can only receive international wires in USD. FX-denominated wires will be converted by our banking partner before being received in your Brex business account.

Regions

Unsupported

Brex cannot facilitate transactions with these regions:

  • Afghanistan
  • Antarctica
  • Cuba
  • Iran (Islamic Republic of)
  • Korea (Democratic People's Republic of)
  • South Sudan
  • Syrian Arab Republic
  • Venezuela (Bolivarian Republic of)

Note: This list is ever evolving and is subject to change.

Supported

Brex can facilitate transactions to all of the following locations, with available currency options listed on the right. You can pay bills via international wire—using either your Brex business account or external bank account as a funding source—to the locations listed in the table below. The payment will be sent in USD. Note: If you use a local currency wire to pay the bill, it must be funded by a Brex business account, rather than an external bank account.

CountrySupported currencies
AlbaniaUSD, ALL, EUR
AlgeriaUSD, DZD
Antigua and BarbudaUSD
ArgentinaUSD
ArmeniaUSD, AMD, EUR
AustraliaUSD, AUD
AustriaUSD, EUR
BahamasUSD, BSD
BahrainUSD
BangladeshUSD
BarbadosUSD, BBD
BelarusUSD, EUR
BelgiumUSD, GBP, EUR
BelizeUSD
BeninUSD, XOF
BermudaUSD, BMD
BoliviaUSD, BOB
BrazilUSD, BRL
BulgariaUSD, EUR, BGN
CambodiaUSD, KHR
CameroonUSD, EUR
CanadaUSD, CAD, EUR, GBP
Cayman IslandsUSD, KYD
ChileUSD
ChinaUSD, CNY
ColumbiaUSD, COP, EUR
Costa RicaUSD
Cote d'IvoireUSD, XOF
CroatiaUSD, EUR
CyprusEUSD, EUR
Czech RepublicUSD, CZK, EUR
DenmarkUSD, DKK, EUR
DominicaUSD
Dominican RepublicUSD, DOP
EcuadorUSD
EgyptUSD, GBP
El SalvadorUSD
EstoniaUSD, EUR
EthiopiaUSD, ETB
FinlandUSD, EUR
FranceUSD, EUR
GeorgiaUSD, GEL, EUR
GermanyUSD, EUR, INR
GhanaUSD
GibraltarUSD, GBP, EUR
GreeceUSD, EUR
GuatemalaUSD, GTQ
HaitiUSD, HTG
HondurasUSD
Hong KongUSD, HKD, EUR, CNY
HungaryUSD, HUF, EUR
IcelandUSD, EUR, ISK
IndiaUSD, INR
IndonesiaUSD
IrelandUSD, EUR, GBP
IsraelUSD, ILS, EUR
ItalyUSD, EUR, GBP
JamaicaUSD, JMD
JapanUSD, JPY
JerseyUSD, GBP, EUR
JordanUSD
KazakhstanUSD
KenyaUSD, KES
KuwaitUSD, KWD
KyrgyzstanUSD
LatviaUSD, EUR
LebanonUSD
LiechtensteinUSD
LithuaniaUSD, EUR
LuxembourgUSD, EUR
MacaoUSD, MOP
MalaysiaUSD
MaltaUSD, EUR
MexicoUSD, MXN
MontenegroUSD, EUR
MoroccoUSD, MAD
NepalUSD, NPR
NetherlandsUSD, EUR
New ZealandUSD, NZD
NicaraguaUSD, NIO
NigeriaUSD, NGN
NorwayUSD, NOK, EUR
PakistanUSD, PKR
PanamaUSD
ParaguayUSD, PYG
PeruUSD, PEN
PhillipinesUSD, PHP, EUR, CNY
PolandUSD, PLN, EUR
PortugalUSD, EUR, GBP
QatarUSD, QAR
RomaniaUSD, RON, EUR
RussiaUSD, EUR
RwandaUSD, RWF
SenegalUSD, XOF, EUR
SerbiaUSD, RSD, EUR
Sierra LeoneUSD, SLE
SingaporeUSD, SGD
SlovakiaUSD, EUR
SloveniaUSD, EUR
South AfricaUSD, ZAR
South KoreaUSD
SpainUSD, EUR
Sri LankaUSD, LKR
SwedenUSD, EUR, SEK
SwitzerlandUSD, CHF, EUR
TaiwanUSD, TWD
TanzaniaUSD, TZS
ThailandUSD, THB
TogoUSD
Trinidad and TobagoUSD, TTD
TunisiaUSD, TND
TurkeyUSD, EUR
UAEUSD, AED
UgandaUSD
UkraineUSD
United KingdomUSD, GBP, EUR, INR
UruguayUSD
UzbekistanUSD
VietnamUSD, VND
ZambiaUSD

Reverse wires

Reverse wires, also known as a wire drawdown or draw-down requests, allow you to authorize another party to withdraw funds directly from your bank account. This other party is often your payroll provider, who may require that you use reverse wires to make sure their payroll is processed correctly. Payroll providers often prefer reverse wires because they pull money directly from your account and are preferable for large, recurring transactions (even if the exact amount of the recurring payment varies). Reverse wires also help Brex customers in a few important ways:

  • Reliability: If you have enough funds in your account, wire drawdowns are much more likely to go through than ACH debit or check transactions.
  • Cash on hand: Wire drawdowns are processed in real time, like a wire, so the withdrawal date is usually less than two days before payroll. By leaving money in your bank account longer, you have more cash on hand.
  • Easy reconciliation: If you regularly send employee payroll, contractor payroll, and payroll tax payments every two weeks, wire drawdowns will consolidate all three payroll withdrawals into a single transaction.
Set up a reverse wire

Step 1: Click Accounts > Business accounts. Select the account you’d like to set up payroll for, and click Account Settings > Settings > Manage next to Payroll connection. With checking, treasury, vault You can only set up reverse wires with your Checking account. Step 2: Select your payroll provider from the dropdown menu. If you don’t see it on the list, you can type it in manually. Step 3: Select whether you’d like to connect via ACH debit or reverse wires. Step 4: To use your payroll connection for reverse wires, verify your information, enter your provider’s information and authorize the payment in your dashboard. Step 5: Finalize the process by logging into your provider’s portal and connecting your payroll provider through your provider’s instructions. After setting up the authorization, you can initiate the transaction from your payroll provider’s platform. You can find the reverse wire authorization in the Vendors tab under the name of your payroll provider.

Revoke authorization

You can easily revoke a reverse wire authorization by following the steps below. Step 1: In your dashboard, navigate to Vendors and search the Payroll Provider. Step 2: Select the red icon next to the Reverse Wire Authorization. Step 3: Confirm that you’d like to revoke the authorization.


Disclaimer

If you use Brex Business Account to send an international wire transfer in a currency other than U.S. dollars, then we will choose the foreign exchange rate (“FX Rate”) for that transfer at our sole discretion. Please see your Brex business account agreement for more detail.

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