Brex: who holds your money

Brex's disclosure, read on September 5, 2026, describes FDIC pass-through coverage, deposit insurance through partner banks. Coverage depends on customer identification and recordkeeping. It protects eligible deposits when a partner bank closes, not the app company itself. An app closure does not trigger that protection. The visible disclosure and notes provide the programme’s specific conditions.

Current commentary

Brex is not itself a chartered bank, so customer money physically sits at Column National Association. That bank has letter A on this site, a grade comparing it with banks of similar size. FDIC deposit insurance reaches each customer through that partner bank, provided Brex’s records identify each customer. The limit is $250,000 per depositor, per insured bank, for each account ownership category. This reflects Brex’s disclosure read on September 5, 2026.