Snapshot
Brex and Bank of America Business compared on the points that usually decide a business account: account type, monthly fee, currency support, eligibility and where each one is available.
Brex figures as of 1 June 2026Bank of America Business figures as of 10 June 2026Last reviewed 18 September 2025
General information, not financial, legal, or tax advice. There is no single best account. The right fit depends on your business. Verify current terms and eligibility with each provider before applying.
Brex and Bank of America Business suit different businesses. Use the comparison below to weigh account type, fees, currency support and eligibility against how your company operates, then confirm the latest terms with each provider. Figures are shown as of 1 June 2026 for Brex and 10 June 2026 for Bank of America Business.
Brex vs Bank of America Business at a glance
| Feature | Brex | Bank of America Business |
|---|---|---|
| Account type | Business account held through FDIC member program banks and a money market fund, with corporate cards and spend management. Brex is a fintech, not a bank. | Business checking account from one of the largest chartered United States banks, with a nationwide branch and digital network. |
| Who it suits | United States incorporated startups and scaling companies, often venture or professionally funded, that want a digital account with corporate cards, spend management, and no monthly fee. | United States businesses that want a traditional bank with branches, in person cash handling, cards, lending, and a rewards program for larger relationships. |
| Monthly fee | No monthly account fee and no minimum balance on the business account. Spend management software plans, such as the paid Essentials and higher tiers, add features at a monthly cost. As of 1 June 2026. | Business Advantage Fundamentals is 16 US dollars a month, waived for the first 12 statement cycles, then waivable by meeting a combined balance, qualifying card spend, or Preferred Rewards for Business membership. Business Advantage Relationship is 29.95 US dollars a month with its own waiver conditions. As of 10 June 2026. |
| Transaction fees | No fee on standard ACH transfers and domestic and international wires on the account. Some advanced or high volume features can carry fees. As of 1 June 2026. Verify the current rate card with Brex. | Each account includes a monthly allowance of fee free transactions and cash handling, with charges above the allowance. Wire transfers and some services carry fees. As of 10 June 2026. Verify the current schedule of fees with Bank of America. |
| FX fees | International wires and foreign currency payments can carry fees that vary by route and currency. Unclear at a single headline rate, so verify with Brex. | International wire transfers and foreign currency payments carry fees that vary by route and currency. Unclear at a single headline rate, so verify with Bank of America. |
| Minimum deposit | No account minimum and no account opening fee. As of 1 June 2026. Verify with Brex. | A small opening deposit applies to open a business checking account. As of 10 June 2026. Verify the current amount with Bank of America. |
| Multi currency | The account is United States dollar based. International United States dollar payments are supported, and some currency features carry fees. As of 1 June 2026. Verify with Brex. | Accounts are United States dollar based. International wires are supported, and foreign currency services are available mainly for larger commercial clients. As of 10 June 2026. Verify with Bank of America. |
| Integrations | Accounting integrations including QuickBooks, Xero, and NetSuite, an API, corporate cards, bill pay, and expense and travel management. Verify current integrations with Brex. | Online and mobile banking, accounting integrations including QuickBooks, cards, payroll and merchant services, and Preferred Rewards for Business. Verify current integrations with Bank of America. |
| Eligibility | Businesses incorporated in the United States with an Employer Identification Number, such as an LLC, S corporation, C corporation, or limited partnership. Sole proprietorships are not eligible, and Brex is aimed at funded startups and scaling companies. As of 1 June 2026. Verify eligibility with Brex. | Businesses registered in the United States, including sole proprietors, partnerships, LLCs, and corporations, with United States based owners and a United States address. As of 10 June 2026. Verify eligibility with Bank of America. |
| Broadly available in | The United States. The business must be a United States incorporated entity. As of 1 June 2026. | The United States, with a nationwide branch network. As of 10 June 2026. |
Use the table to weigh the differences. Brex and Bank of America Business tend to differ most on account type and currency support, so match those to how your business moves money, then confirm the latest fees and eligibility with each provider.
Open a business account
Both providers accept business customers in their supported markets. Fees and eligibility shown as of 1 June 2026 for Brex and 10 June 2026 for Bank of America Business. Confirm current terms with the provider before applying.
Visit Brex → Visit Bank of America Business →Questions about Brex and Bank of America Business
Which is better for my business, Brex or Bank of America Business?
It depends on your needs. The table on this page compares Brex and Bank of America Business on account type, fees, currency support, eligibility and availability using each provider's published terms. Weigh those against how your business operates, then confirm current terms with each provider. This is information, not advice.
Can I open both Brex and Bank of America Business?
Often yes, subject to each provider's eligibility rules. Some businesses keep more than one account, for example one for everyday banking and another for currency conversion or spend management. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded. Brex figures are shown as of 1 June 2026 and Bank of America Business figures as of 10 June 2026. Fees and eligibility change, so confirm current terms with each provider before you apply.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 18 September 2025. Confirm current terms with each provider before applying.