What Brex is, in 2026
US SMB-business neobank. Corporate-card-first, spend-management heavy. Pivoted from SMB to mid-market/enterprise focus 2022. ~$12B valuation; ~$1.5B raised.
Safety and regulation
Partner-bank model; FDIC pass-through up to $6,000,000+ via custodial sweep across Choice Financial, Lead Bank, and Citi. Brex itself is not a chartered bank.
Who Brex is for
Use Brex if: you're a VC-backed US startup or mid-market company that wants corporate cards + spend management together. Use Mercury for simpler partner-bank checking; Bluevine for lower- mid-market with high-yield checking.
Premium plans
Our pick
Brex Essentials
€0 /mo
- Free tier
Brex Premium
€12 /mo
- Per user
How it stacks up.
Varo Money 82
OCC
First US neobank to receive an OCC national bank charter (July 2020). Direct FDIC member — your money sits at Varo Bank, N.A., not a sponsor. Headline 5.00% APY savings rate on the first $5K with direct deposit — among the highest in the US neobank market.
SoFi 79
OCC
The only public US neobank holding both a national bank charter and a brokerage license. Bundles checking, savings, investing, and lending in a single relationship — incentive structure rewards multi-product customers via Plus-tier rate boosts. Closest US analogue to Revolut's all-in-one model.
Chime 74
FDIC
The largest US neobank by user count. Partner-bank model gives FDIC pass-through cover to $250K via The Bancorp Bank and Stride Bank — Chime itself is not a chartered bank. Aggressive fee-free positioning, early-paycheck access, and a domestic ATM network of 60K+ are the headline value props.