Open accounts in minutes, manage everyday banking needs without fees, safeguard cash, maximize yield, and access capital—all in one platform in partnership with trusted banks. [Arc is a technology company, not a bank: arc.tech/general-disclosures]
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Such a great launch! Wish you all the best in future.
super interesting - seems like a mercury competitor at first, these guys are doing everything right though. love how the maker is in the comments genuinely listening to people's opinions and feedback, and how that seems to drive their product development (you can tell this was built with real people / use cases in mind)
covers the basics + lets startups gain peace of mind knowing they can trust the platform + the right combo of financial products that fit a lot of common use cases
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Cool product!!
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Love the concept of the platform. There seems to be a clear demand for this product. However, given everything Founders experienced with SVB & FRB, what do you do to protect deposits beyond the $250K limit seen with the FDIC?
@dominique_giancani Today there are no fees for banking operations (ACH/wire, account opening, min. balance, etc.). On the Treasury (brokerage) account, there is only a monthly volume-based fee beginning at 0.02%, which includes the fees charged by our partners.
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Super interesting product that's worth checking out, especially in light of all the recent craziness around banking in startup land. I love the design as well and how clean everything looks. I wish more banks/fintech companies would prioritize modern UX/UI the way Arc does.
@wookiee Fully agree - UX/UI is increasingly important in banking, especially with startups that are used to a consumer-grade experience with the rest of their tech stack. cc: @bobbynovoa
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