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