11/27/2023 0 Comments Interest sweep bank accounts![]() Uninvested Balances in your Brex business account will initially be aggregated with Uninvested Balances from other Brex Treasury customers and deposited in a single account at LendingClub Bank (the “ Clearing Bank”), an FDIC-insured federal savings bank, or Column, N.A., an FDIC-insured national bank. Deposits and Brex Business Account FDIC Sweep Program Customer Accounts. This Disclosure Statement describes the mechanics of the Brex business account FDIC Sweep Program, FDIC insurance coverage, and how to opt out of the program 2. Under the Brex business account FDIC Sweep Program, Uninvested Balances (as defined in the Brex Cash Agreement) in your core Brex business account (“Brex business account”) are automatically swept into and out of deposit accounts at one or more partner banks in connection with allocation instructions that you provide to us. ![]() Capitalized terms that are not defined in this document have the definitions provided in the Brex Cash Customer Agreement (“ Brex Cash Agreement”). “ You” refers to the Company that has elected to sweep part or all of its Brex Cash Account balance into the Brex business account FDIC Sweep Program (the “ Brex business account FDIC Sweep Program” formerly "Brex Cash FDIC Sweep Program"). In this Disclosure Statement, “ Brex Treasury,” “ we,” and “ us” refer to Brex Treasury LLC. Brex Treasury FDIC-Insured Deposit Sweep Program Disclosure Statement
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