General Disclosures

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): 
Arc is not an investment advisor. Arc has an engagement with Atomic Invest, an SEC-registered investment adviser, to bring companies the opportunity to open an investment advisory account. Investment advisory services are provided by Atomic Invest. Companies, such as Arc, which are engaged by Atomic Invest receive compensation of 0% to 0.85% annualized, payable monthly, based upon assets under management for each referred client who establishes an account with Atomic invest (i.e., exact payment will differ by Company). Arc is not a client of Atomic Invest, but Arc’s relationship with Atomic Invest gives Arc an incentive to refer companies to Atomic Invest instead of another investment adviser. This conflict of interest affects Arc’s ability to provide companies with unbiased, objective information about the services of Atomic Invest. This could mean that the services of another investment adviser with whom Arc is not engaged could be more appropriate than Atomic Invest. Neither Atomic Invest nor Atomic Brokerage, LLC (FINRA registered broker-dealer affiliate of Atomic Invest and member of SIPC), nor any of their other affiliates are a bank. Investments in securities are not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing involves risk, including the possible loss of principal. Before investing, companies should consider their investment objectives and the fees and expenses charged by Atomic Invest, Atomic Brokerage, and any fees imposed by the investments themselves (e.g., ETFs, mutual funds). Advisory services through Atomic Invest are designed to assist clients in achieving a favorable outcome in their investment portfolio. They are not intended to provide tax advice or financial planning with respect to every aspect of a client’s financial situation and do not include investments that clients may hold outside of Atomic Invest. Custodial and clearing services are provided to Atomic Invest and Atomic Brokerage by Pershing LLC. Unless otherwise stated, any investment performance metrics referenced (e.g., "APY", "yield", "rate") related to Atomic Invest services reflect Annual Percentage Yield (APY), are hypothetical or estimated outcomes based on historical performance, and are subject to change over time based on market conditions, which will vary. For more details about Atomic Invest and/or Atomic Brokerage, please see the Form CRS, Form ADV Part 2A, the Privacy Policy, and other disclosures.

Atomic Invest, through a clearing relationship with Pershing LLC (“Pershing”) offers a cash sweep program. Funds in transit to or from Program Banks are generally not FDIC-insured.  The Sweep Program is administered by Pershing, LLC. Deposits at each Program Bank are insured by the FDIC up to $250,000 for each insurable capacity. Based on eligibility criteria, the two FDIC-insured programs (“Bank Deposit Programs”) offered are 1) Dreyfus Insured Deposits (DIDI) and 2) Liquid Insured Deposits. Funds deposited into each sweep program, in aggregate, are eligible for up to $2,500,000 of FDIC insurance.  The sweep programs can be configured so that once the funds reach one or more Program Banks (up to $250,000 for each insurable capacity at up to ten Program Banks), then the next Bank Deposit Program will be initiated.  Although certain types of accounts, such as trust accounts may be eligible for additional FDIC insurance based on the number of beneficiaries, funds will be allocated to each Program Bank in such a way that provides up to $250,000 of FDIC insurance for individual accounts and $250,000 of FDIC insurance for trust and other corporate account types, in each case per Program Bank.  If clients elect to exclude one or more Program Banks from receiving deposits, the amount of FDIC insurance available through the Atomic Invest account may be lower. Clients are responsible for monitoring their total assets at each Program Bank, including existing deposits held at Program Banks outside of the Atomic Invest account, to ensure FDIC insurance limits are not exceeded, which could result in some funds being uninsured. For more information on FDIC insurance please visit www.FDIC.gov. Deposits held in Program Banks are not protected by SIPC. For more information see Pershing’s Terms and Conditions and the Atomic Invest Form ADV Part 2A.

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 $250,000 FDIC insurance eligibility available through accounts provided by Stripe Payments Company with funds held at Goldman Sachs Bank USA, up to $250,000 FDIC insurance eligibility available through accounts provided by Stripe Payments Company with funds held at Evolve Bank & Trust, and up to $5,000,000 FDIC insurance eligibility available through a cash sweep program offered by Atomic Invest, through a clearing relationship with Pershing LLC (“Pershing”). Funds in transit to or from Program Banks are generally not FDIC-insured.  The Sweep Program is administered by Pershing, LLC. Deposits at each Program Bank are insured by the FDIC up to $250,000 for each insurable capacity. Based on eligibility criteria, the two FDIC-insured programs (“Bank Deposit Programs”) offered are 1) Dreyfus Insured Deposits (DIDI) and 2) Liquid Insured Deposits. Funds deposited into each sweep program, in aggregate, are eligible for up to $2,500,000 of FDIC insurance.  The sweep programs can be configured so that once the funds reach one or more Program Banks (up to $250,000 for each insurable capacity at up to ten Program Banks), then the next Bank Deposit Program will be initiated.  Although certain types of accounts, such as trust accounts may be eligible for additional FDIC insurance based on the number of beneficiaries, funds will be allocated to each Program Bank in such a way that provides up to $250,000 of FDIC insurance for individual accounts and $250,000 of FDIC insurance for trust and other corporate account types, in each case per Program Bank.  If clients elect to exclude one or more Program Banks from receiving deposits, the amount of FDIC insurance available through the Atomic Invest account may be lower. Clients are responsible for monitoring their total assets at each Program Bank, including existing deposits held at Program Banks outside of the Atomic Invest account, to ensure FDIC insurance limits are not exceeded, which could result in some funds being uninsured. For more information on FDIC insurance please visit www.FDIC.gov. Deposits held in Program Banks are not protected by SIPC. For more information see Pershing’s Terms and Conditions and the Atomic Invest Form ADV Part 2A.

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.

Represents pass through of third-party fees.

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.