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Frequently Asked Questions
Flex is a financial technology company that aims to build a finance super-app to consolidate all the financial services and workflows required to effectively build, manage, and protect business owners’ finances in one platform.
Flex’s core components are:
- Flex Banking
- Flex Commercial Credit Card
- Flex Treasury Management
The Flex Commercial Credit Card or Flex Card is a corporate card that comes with 0% interest for 60 days on every single purchase. With Flex, businesses can get unlimited employee physical and virtual cards with category and spending limits to manage business expenses in real-time. Unlike other corporate cards, Flex has no monthly or annual maintenance fees and no late fee charges. Flex offers credit limits that grow as a business grows.
Flex Cards are available to businesses operating within the United States (except CA, NV, SD, ND, and VT) and Puerto Rico.
Flex Banking enables businesses to create multiple free accounts under one entity for increased agility.
Flex Banking gives businesses up to 4% yield on idle cash. There are no annual, monthly, or late fees and wire transfer, ACH, and insufficient fund fees are a thing of the past. Flex’s debit cards offer 1% cashback on most transactions.
The Flex Banking Debit Card is issued by Thread Bank, member FDIC.
Flex’s Treasury management, through partner ADM, enables businesses to diversify cash across multiple banks and eliminate bank-run risk. Flex customers can access up to $75M in FDIC insurance through Flex Treasury Management. With Flex Treasury, funds are spread across up to 400 FDIC-insured banks to maximize FDIC insurance.
At Flex we understand that cash flow is one of the biggest problems facing businesses today. With that in mind, we created a corporate card with extended payment terms. You have at least 60 days to pay at 0% interest on every transaction you make on the Flex card.
How does it work?
Payments are due twice per month, on the 15th and the last day of the month, for the two-week period 60 days ago.
Example:
- Purchases made from 04/01 to 04/15 are due on 06/15
- Purchases made from 04/16 to 04/30 are due on 06/30
- Purchases made from 05/01 to 05/15 are due on 07/15
- Purchases made from 05/16 to 05/31 are due on 07/31
Nothing! Flex is a no-charge product.