Pay your rent, bills, and everyday expenses while earning DeFi yield
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Stablecoins are siloed from everyday expenses because merchants expect legacy rails. Workarounds are slow and fee-heavy.
Brookwell is a modern cash account that just works.
Seamless conversion between stablecoins and fiat. Pay rent, bills, and mortgages directly. FDIC coverage for eligible deposits. Onboard from 150+ countries, subject to eligibility, jurisdictional, and compliance requirements.
ALT Brookwell.com
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Brookwell accounts are unaffected by the exploit involving several neobanks.
Our users' checking account balances are secured at Erebor Bank, NA, Member FDIC and protected with FDIC insurance.
Yield account balances will be privately insured against hacks (coming soon).
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Brookwell retweeted
In light of recent controversy about how some neobanks hold customer funds, I'd like to explain what makes @brookwellapp accounts fundamentally different from existing products.
Brookwell gives you two accounts - an FDIC insured fiat account*, and a self-custodial stablecoin account.
No compromises, you get the best of both worlds.
Checking Account
- FDIC insurance on eligible deposits up to $50M per user*
- 1.00% APY**
- Your own account and routing numbers for ACH / SWIFT / Wires
- 24/7 stablecoin transfers
- Deposits are never custodied by Brookwell, deposits held at Erebor Bank N.A, Member FDIC.
→ No compromises = earn yield on your deposits AND stay protected with FDIC.
Yield Account
- Funds are held in a self-custodial SAFE wallet owned by your Privy EOA
- Up to 5.5% APY** via @CapApp
→ No compromises = self custodial, your funds are never mixed with other user wallets, AND high yield
KYC from 150+ supported countries - not just for Americans.
If this is your first time learning about Brookwell or you have any questions, feel free to comment or DM me!
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Brookwell is integrating @CapApp via @Blend_Money.
Brookwell users now have access to Cap's covered-credit yield in their stablecoin savings accounts.
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Why Cap out of the hundreds of possible yield sources?
Unlike standard DeFi lending, Cap facilitates covered credit with vetted, whitelisted institutional borrowers and underwriters.
This creates a lender-protection model designed to keep user funds fully collateralized.
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Loans are underwritten one by one against overcollateralized backing through a financial guarantee marketplace.
If a borrower defaults, the underwriter’s backing is designed to protect lenders.
We see @CapApp as a partner whose covered-credit yield delivers modern yield.
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With Brookwell, moving between stablecoins and cash is seamless by design.
The moment eligible stablecoin deposits hit your account, they are automatically converted into a USD balance, so you can put your funds to work right away.
Shifting between on- and off-chain is designed to be fast and frictionless. No Brookwell fees, network fees (gas) may apply.
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Brookwell’s money management setup gives you business grade controls over your personal funds.
Organize every financial goal and spend category with accounts made for how you actually move money.
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Access expanded FDIC insurance coverage through Erebor Bank, N.A., Member FDIC. Erebor Bank’s sweep program distributes eligible balances across multiple FDIC-insured banks, extending coverage far beyond the standard $250,000 limit. Coverage scales dynamically as your funds are allocated across participating banks, subject to applicable requirements.
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Each Brookwell checking account is equipped with an account number and routing number, giving you a convenient way to pay rent, bills, and loans directly from your account.
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Experience borderless access to U.S.-based financial services through Brookwell. Onboard from 150+ supported countries with built-in verification and no U.S. residency requirements. Brookwell brings access to U.S.-based financial services to users around the world.
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Legacy rails have been a massive pain point for interoperability between TradFi and DeFi. We’ve built out a new system that brings together stablecoin flexibility and traditional banking services. Through Brookwell, you’ll be able to:
• Seamlessly on & off-ramp stablecoins
• Auto-pay your rent, bills, mortgages, and leverage ACH and wire transfers
• Hold eligible fiat deposits with FDIC insurance through Erebor Bank, NA, Member FDIC, subject to applicable limits and conditions
• Onboard from 150+ countries, subject to eligibility and compliance requirements
Waitlist is open at Brookwell.com
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We're excited to announce our partnership with @Ereborbank!
Banking services available through Brookwell are provided by Erebor Bank, NA, Member FDIC. We're grateful to work with a partner committed to building compliant, forward-looking financial infrastructure.
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Stablecoins are siloed from everyday expenses because merchants expect legacy rails. Workarounds are slow and fee-heavy.
Brookwell is a modern cash account that just works.
Seamless conversion between stablecoins and fiat. Pay rent, bills, and mortgages directly. FDIC coverage for eligible deposits. Onboard from 150+ countries, subject to eligibility, jurisdictional, and compliance requirements.
ALT Brookwell.com
188
130
563
126,719
