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Brex is canceling customer accounts
- ccleve 4y agoYup, I just got my letter. Brex is obviously not interested in serving startups. If there's one thing that a startup needs in a bank or cash management account, it's stability. Only a month ago Brex sent a letter saying that they were changing our routing number / account number for inbound transfers, because, it seems, they changed the bank they were working with. This was a giant pain because we needed to notify all of our customers that our payment info had changed. It's embarrassing. Same thing happened with Azlo a few years ago. They were great, until they changed the underlying bank, and then they went out of business. I'm done with internet "banks" until I see a few years of stability. Going back to a traditional bank. Traditional banks are terrible, their fees are unreasonable, but at least they won't keep jerking me around.
- siruncledrew 4y ago100%. It feels like a bait and switch. They say “we created brex because it’s hard to get banking as a startup”, and then what do you know… now they don’t want to bank startups and are giving them the boot. It’s just annoying as hell. A bunch of promises but then the opposite actions.
- ghufran_syed 4y agoI’ve been with mercury for 3 years now, I would recommend them
- yawnxyz 4y agoUgh got our email too. What are people using for dynamic credit cards for Saas?