Brex: who holds your money
Brex is not a bank. Brex says customer money is held at Column National Association, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
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.
Partner banks
- Column National AssociationFDIC #58224 · program bank86.1%above the insured limitA87.0
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC (an unaffiliated institution), and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA / SIPC and a Capital One company.
www.brex.com · as of September 5, 2026
Brex Vault program banks are not named on the page; only Column N.A. (Checking) is recorded.