BrexReviews of brex.com

I wasn't going to write this but it appears this company is trouble based on recent reviews so thought I'd share our experience. It's a bit different. We were a customer for over a year. We chose to leave because we found, on multiple occasions, support did not follow their own security protocols. Several of our staff members contacted support for help via email. Support asked for security verification info. In 3 separate cases our staff was not able to provide that due to access but support provided that staff member the information they requested anyway. I heard about this by chance from those staff members a few months later in a company-wide phishing/virus/security training. We were already on the fence trusting large amounts of cash to an unregulated entity like this. Once I learned about the security issues it was an easy decision and concluded it wasn't worth the risk. I wasn't initially going to share this but I've now heard from several people I trust about other issues with this company, and after searching for reviews on them I realized I should share my experience.

As a business caught in this situation, I will say Brex is not allowing us to "remain active". They shut off the ability to deposit funds into the account before they even notified us of the desire to no longer have our account. We expect many late fees and bounced transactions because we can't find and set up with a new bank and redirect 100+ vendors to a new bank account before funding runs out. This is on top of the fact that Brex has us already scrambling to change our routing and account numbers less than 3 weeks ago, and we just finished our move to Brex in April.

Closed account without notice. Unhelpful and rude "customer service" reps. Immediately upon receiving a generic email terminating our relationship, all support features became unresponsive. I maintained a balance, connected my merchant account and payroll, paid fees as requested, and never caused an issue.

This is a truly awful company with poor leadership. They closed our account despite multiple 50K+ direct deposits - we were told our account was too small. Why not tell us what their target demographic was from the beginning? We wouldn't have connected all our direct deposits and debits to this worthless account.

Closed my business account for zero reason despite having consistent funds and zero previous issues. I was given no notice, other than through an email. My husband has a separate business account and is experiencing the same issue. They also won't let us withdraw our funds for 3 business days. When we called to find out more info, the representative was rude and unhelpful. He kept going in circles about how there was nothing he can do and refused to let us talk to a supervisor etc. Meanwhile, I have received 4 other emails from "Pry" who is now affiliated with Brex, asking me to get in touch to utilize their services. Based on this and everyone else's experiences on here recently, things do not add up. I do not recommend.

Closed our active business account without warning. We've been in business 15 years, we employee 30+ people, we have never had a negative payment, we always have cash in our account, we use it almost daily. No explanation just 'withdraw your funds and leave' We do website development for huge companies and have no strange activity that would contribute to this, and the decision is final. We have a few months to uproot everything and switch to a new account, update all our ACH info etc, connected accounts, etc.

We've been using Brex for about a year now and went with them because they advertised being a bank for small business startups. A couple weeks ago they sent us a notification that we need to change routing numbers. So we had to coordinate with our payroll, Expensify, Quickbooks, and numerous customers that pay us via ACH. After doing all that, today they sent us an email that they are closing our account on Aug 15 because we aren't a big enough account for them. We deposit 30-40k every month so even though we're a small business it's not like we are inactive nor have we ever had any overdrafts. So now we are going to have to redo all of that with a new bank. So just know that if you decide to bank with them you should expect at any time they will close your account even if you're in good standing.

Out of the blue, we get a message saying, "Brex is constantly evolving our business, and after changes to our strategy, we are less suited to meet the needs of smaller customers." So too bad, my account is closing August 15th whether I like it or not. "This decision cannot be either changed or delayed. Your account will be closed by August 15." Maybe Brex doesn't realize that small businesses become big business, and we're going to be sure to BOYCOTT any big business that uses Brex or ANY bank associated with Brex for the pain and needless aggravation this bank has put us through.