Last updated: Nov 7, 2023
Read through Arc's general disclosures.
Arc is a financial technology company, not a bank or an investment advisor.
Arc partners with Stripe Payments Company for money transmission services and account services with funds held at Goldman Sachs Bank USA, Member FDIC, and Evolve Bank & Trust, Member FDIC. “Vault” accounts are financial accounts provided by Stripe Payments Company with funds held at Goldman Sachs Bank USA, Member FDIC; "Operating" and "Reserve" accounts are financial accounts provided by Stripe Payments Company with funds held at Evolve Bank & Trust. Arc cards are issued by Celtic Bank and serviced by Stripe, Inc. and its affiliate Stripe Servicing, Inc.
Advisory services are offered through Atomic Invest LLC, an SEC-registered investment advisor. Brokerage services are provided by Pershing Advisor Solutions LLC, a business of BNY Mellon, N.A. Pershing LLC, an affiliate of Pershing Advisor Solutions LLC, provides clearing, brokerage custody and other services in connection with their engagement with Atomic Invest. Atomic Invest manages investments on behalf of customers. "Treasury" accounts are investment accounts managed by Atomic Invest and held by Pershing LLC, the qualified custodian and clearing firm.
For investment accounts managed by Atomic Invest LLC (“Treasury” accounts):
For bank deposit sweep products offered through BNY Mellon Pershing, a client is responsible for monitoring the total amount of deposits held with any one bank, directly or through an intermediary, in order to determine the extent of deposit insurance coverage available on their deposits. Neither BNY Mellon Securities Corporation, the Introducing Financial Institution (“IFI”) nor the IFI’s clearing agent, Pershing, LLC (Pershing), is responsible for any insured or uninsured portion of the products accounts or any other deposits held outside the products.
For financial accounts provided by Stripe (“Vault,” “Operating,” and “Reserve” accounts):
Stripe Treasury accounts are eligible for FDIC pass-through deposit insurance if they meet certain requirements. The accounts are eligible only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. The FDIC insurance applies up to 250,000 USD per depositor, per financial institution, for deposits held in the same type of account. Neither Stripe nor Arc is an FDIC-insured institution. The FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution.
Yield paid by Arc related to cash balances held in Stripe accounts is subject to change over time without notice based on prevailing market conditions. Today's yield rates reflect the Annual Percentage Yield (APY) paid by Arc to customers, where payments are completed on a monthly basis according to daily cash balances held over the prior calendar month.
¹ Up to $5,500,000 FDIC insurance eligibility reflects combination of up to $5,000,000 FDIC insurance eligibility available through bank deposit sweep products offered by Atomic Invest LLC (“Atomic”), through a clearing relationship with Pershing LLC, up to $250,000 FDIC insurance eligibility available through accounts provided by Stripe Payments Company with funds held at Goldman Sachs Bank USA, and up to $250,000 FDIC insurance eligibility available through accounts provided by Stripe Payments Company with funds held at Evolve Bank & Trust.
² Reflects APY net of fees on T-Bills based on market rates as of the most recent business day. See Pricing page for additional detail on yield options and associated pricing across Arc’s accounts. See Investment Options page for breakdown of investment options, gross market yields, and associated pricing on Treasury account.
³ Financial partners for Arc’s accounts include Goldman Sachs Bank USA, Member FDIC (“Vault” Account), Atomic Invest, LLC (“Treasury Account,” through Atomic’s engagement with Pershing Advisor Solutions, LLC), and Evolve Bank & Trust (“Operating” and “Reserve” accounts). Atomic Invest LLC, through a clearing relationship with Pershing LLC, offers bank deposit sweeps accessible on Arc's platform, with funds held across dozens of FDIC member banks.
⁴ Represents pass through of third-party fees.
⁵ Arc Global Treasury is only available to qualifying companies in select jurisdictions. Local restrictions and minimum requirements apply. U.K. applicants must qualify as high net worth companies—bodies corporate with either (i) 20+ members and at least £500,000 in called-up share capital or net assets; or (ii) £5 million in called-up share capital or net assets. Non-qualifying applicants should not apply.