Flex is free to set up and use.
Streamline cash flow with net-60 on all purchases made by your business. 0% interest applies if the full balance is paid within the 60-day grace period. Interest applies when the full balance is not paid within the 60-day grace period. Full details are provided in your Flex Commercial Cardholder Agreement.
Flex customers earn up to 2.99% APY** interest on your cash on hand, so you can more easily meet your profit objectives. See your Flex Deposit Account Terms and Conditions for details.
Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program here and a list of program banks here.
Flex generates revenue primarily through your use of the Flex Card. Each time you make a purchase, merchants pay a small interchange fee. This fee is distributed among Visa (our card network partner), the merchant’s bank, and Flex.
For businesses seeking enhanced features and advanced financial tools, Flex Elite offers an optional premium subscription designed to elevate your experience.
Yes. Flex offers unlimited employee cards to banking customers. Once issued, you can set spend limits, control access, and implement approval workflows — right from your Flex app.
