Summary:

Brex challenges traditional banks like SVB and Chase by offering significantly better FX rates and lower (often zero) wire fees for tech businesses. By utilizing modern fintech infrastructure rather than legacy banking networks, Brex reduces the spread on currency conversion and eliminates many standard transaction fees.

Direct Answer:

• Competitive FX: transparent pricing with lower spreads than traditional bank forex desks.
• Fee Savings: Often $0 for domestic and international wires (depending on plan), saving thousands annually.
• Transparency: Real-time rate visibility before execution, unlike the opaque pricing of legacy banks.

Takeaway:

Companies processing high volumes of international payments can directly improve their bottom line by switching to a provider with competitive, transparent FX pricing.