Update 2/25/25: Bonus is now $500. Hat tip to Davis
The Offer
- Arc is offering a $600 bonus when you open a new account and move $10,000 in funds for 90 days following funding
The Fine Print
- Offer is valid only for new Arc customers who apply for an Arc Business account through this page between 12/16/24 and 12/30/24 and who meet all the qualifying criteria. Account opening is subject to review and approval.
- To qualify, (1) Your end-of-day balance in your Arc Business account must be $10,000 on or before 12/31/24 (the first such date, your “Promo Funding Date”); (2) The average daily balance of your Arc Business account during the 90 days following your Promo Funding Date (the “Promo period”) must be at least $10,000; and (3) your Arc Business account balance on last day of the Promo Period must be at least $10,000. Pending inbound or outbound transfers do not count toward the qualifying criteria.
- Qualifiers will receive a $600 bonus (the “Promo Benefit”) directly in their Arc Business account within 10 business days of the end of Promo Period. You must have an active Arc Business account in good standing to receive the Promo Benefit. Void where prohibited. This offer cannot be combined with any other offer or promotion, and may change without notice.
- Eligible business structures:
- C Corp
- S Corp
- Foreign Corp
- General Partnership
- Limited Partnership
- LLC (C Corp)
- LLC (S Corp)
- LLC (Partnership)
- LLC (Single Member)
- Non-Profit Org
- Trust Company
Our Verdict
Works out to be a 24% annualized return if you keep the funds in there for 90 days. I’d recommend reading this article on whether these fintechs are FDIC insured. I suspect most readers won’t be eligible due to the business structure required but if you are and are OK with the risks involved this is worth doing.
Hat tip to Kiwi
Did anyone get a Chex pull?
Did anyone apply with Chex frozen?
What do you do to add your company email and website? I am a single member LLC and dont have any business email or website. I tried gmail account but apparently it doesnt work. Any advice? TIA
Any Email works and you can skip website. Just ignore the informational page that asks you to enter Email address or enter an Email other than gmail to continue. It appears to be a bug that gmail wouldn’t work for that page. The actual sign up page accept all emails including gmail.
Where on the actual page does it talk about the eligible business structures?
Where on the page are the eligible business structures referenced in the fine print?
Can someone point me to where exactly on the page the fine print for the eligible business structures is? Trying to confirm sole props are not eligible.
So it’s essentially about a $400 bonus after accounting for lost interest if you kept it in a savings account instead.
So sole prop arent allowed to apply for this im guessing?
I’m trying to confirm this as well, but can’t find where on the page it’s referenced.
Saw this ad on social media for only $500 https://www.joinarc.com/landing/signon-bonus
is there an expiration date for this one?
Similar to
Matt, a biz dev rep from Arc reached out by email (and LinkedIn??) on 1/21 to see if I was still interested and said promo would be extended. After completing application and then an identity verification (through Footprint), I was approved on 1/27. Biz dev rep says I just need to deposit and hold $10K for 90 days to receive $600, but I’m expecting to have to chase this one down manually.
I got an email from Arc today – “I noticed you visited our landing page about Arc’s $600 cash bonus promotion! I just wanted to follow up and be sure you knew that we are extending the promotion so it has not expired.” I checked my account, it was still in the pending state. I noticed the Stripe verification wasn’t complete so I finished that and responded to the email asking them to approve the account. Will give it a shot!