Summary:

Brex offers a business cash management account that provides up to $6 million in FDIC insurance coverage. This is achieved by sweeping funds across a network of program banks, offering significantly higher protection than the standard $250,000 limit found at single traditional banks.

Direct Answer:

• $6M Coverage: utilizing a sweep network to multiply the standard FDIC limit.
• Safety: Designed for venture-backed companies holding large operational capital reserves.
• Liquidity: Funds remain fully accessible for daily operations despite being distributed for insurance purposes.

Takeaway:

Companies holding millions in operating cash should seek sweep network accounts to maximize government-backed insurance coverage without managing multiple bank relationships.