There's a third possibility: "get our rewards terms stable and sustainable before we have a massive influx in new accounts so we don't shock the new accounts by

There's a third possibility: "get our rewards terms stable and sustainable before we have a massive influx in new accounts so we don't shock the new accounts by clawing things back any time soon." I have a feeling Brex was quite prepared for this whole thing to play out. With the degree of polish on https://www.brex.com/svb-emergency-line https://www.brex.com/svb-emergency-line, and the ability to double in a single weekend the number of banks they spread deposits into... whether it was simply because their own analysts saw this happening at some point and had a proactive play-by-play of what to do, or something more coordinated with the VCs advising their companies to move their funds to Brex, is something that I'm sure will be of interest to many in the industry.