![]() The fund cannot guarantee that it will preserve the value of your investment at $1 per share. Past performance is not necessarily indicative of future results. Contact us for a copy of the fund prospectus and recent performance data. See program disclosures and the applicable fund prospectus before investing for details and other information on the fund. Yield is variable, fluctuates and is inclusive of reduced expense fees, as determined solely by the fund manager. The money market funds offered by Brex Cash are independently managed and are not affiliated with Brex Treasury. You could lose money by investing in a money market mutual fund. Sending wire transfers is free for Brex Cash customers, but the recipient’s financial institution may charge a wire receipt fee. Although Brex Treasury does not charge transaction or account fees, money market funds bear expenses and fees. Review the background of Brex Treasury or its investment professionals on FINRA's BrokerCheck website. Consider your company’s investment objectives and relevant risks, charges, and expenses before investing. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.īrex Treasury is not an investment adviser. Brex Treasury is not a bank, and your Brex Cash account is not a bank account. Investing in securities products involves risk. ![]() ![]() Use of the Brex API is subject to the Brex Access Agreement.īrex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, an account that allows customers to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at Brex’s partner banks, such as JPMorgan Chase Bank, Member FDIC and LendingClub Bank, N.A., Member FDIC. See the Brex Platform Agreement for details. provides the Brex Mastercard® Corporate Credit Card, which is issued by Emigrant Bank, Member FDIC or Fifth Third Bank, NA., Member FDIC. Terms and conditions apply and are subject to change.īrex Inc. ![]() “Brex” and the Brex logo are registered trademarks.īrex products may not be available to all customers. As the virtual and physical credit card numbers would not match, this could cause issues for the merchant when verifying that the transaction came from the same credit account. There could also be complications when using virtual credit cards for transactions that require verification at a later stage, such as car rentals or hotel bookings. If you used virtual credit card details for the purchase, and these have since expired, then you may not be able to receive a monetary reimbursement and will have to accept store credit instead. Many merchants require the same card number to process refunds. The process of returning items could also be more difficult. Examples include electronic, mobile, telephone and mail order transactions. These are transactions where the merchant does not see the physical credit card used for the purchase. Virtual credit cards are also designed specifically for online and card-not-present transactions. It is still important that users remain vigilant with their credit accounts, checking their statements regularly for any unauthorized transactions. Virtual credit cards aren’t entirely fraud-proof.
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