After configuring your loan, you will see three options for loan disbursement.
Note: A loan disbursement must be taken entirely in one method—either by USD into your bank or stablecoin (USDC into a crypto wallet). Splitting a single loan disbursement between these two options is not allowed.
When determining your disbursement method, consider how you plan to use the funds. For instance, if you frequently operate in the cryptocurrency ecosystem, receiving stablecoins via a crypto wallet might be the most efficient choice. Conversely, direct disbursement into a bank account is ideal for immediate use in traditional financial activities.
It is important to ensure that your chosen disbursement method is compatible with the receiving entity. For example, for crypto wallets, check their compatibility with stablecoins for seamless transactions.
1. Crypto Wallet
We support USDC payouts on the Ethereum network
Disbursal via stablecoins is the fastest method to receiving your funds and usually arrives within an hour during business hours (9AM-5PM ET), and within 12 hours during non-business hours. Ensure that your crypto wallet is compatible with stablecoins to avoid transaction issues.
2. Bank account - Wire
You can only select wire transfers for disbursements greater than $1,000,000
Wire transfers are typically received same day, unless it is after bank hours in which case it is received next day.
Personal loans require disbursal to personal bank accounts. If you would like a loan disbursed into a business bank account, you will have to borrow using a business entity. Arch can facilitate this, please refer to our help center article on how to onboard your business entity. Note: For single member LLCs, we can disburse to personal bank accounts.
3. Bank account - ACH via Plaid
ACH payments usually arrive the same day when you connect up your bank account via plaid, but can take up to 3 business days to be completed. ACH payments usually do not incur a fee.