Safeguard your cash.
Rest easy knowing your funds are eligible for multi-million-dollar FDIC insurance. Enjoy the convenience of working directly with our bank, a bank you know and trust. Also, when your deposit is placed using ICS, it can be used to support your community, helping to fund loans for businesses and families, and your funds stay in your community without being shipped out of state.
Enjoy Peace of Mind
Relax knowing that your funds are eligible for multi-million-dollar FDIC insurance, protection that’s backed by the full faith and credit of the United States government. No one has ever lost a penny of FDIC-insured deposits.
Support Your Community
Feel good knowing that the full amount of your funds placed through ICS and CDARS, both can stay local to support lending opportunities that build a stronger community.1
Earn Interest
Put cash balances to work in demand deposit accounts and money market deposit accounts with ICS and in CDs with CDARS.
Access Funds
With ICS, maintain access to your funds placed in demand deposit accounts or money market demand accounts. With CDARS, select from multiple term options to meet your liquidity needs.
Save Time
Work directly with us―a bank you know and trust―to access multi-million-dollar FDIC insurance and say ‘goodbye’ to tracking collateral on an ongoing basis, managing multiple bank relationships, manually consolidating bank statements, and other time-consuming workarounds.
Maintain Flexibility
Enjoy access to funds placed into demand deposit accounts and money market deposit accounts.
Getting started is easy:
- Designate an account.
Identify a checking account or other transaction account to use with ICS. You may select an existing account or open a new one. - Complete the paperwork.
Sign the applicable Deposit Placement Agreement and a custodial agreement. - Make your deposit.
When placing funds through ICS, you work directly with just our bank. We do all the legwork. At your direction or based on triggering events outlined in the applicable Deposit Placement Agreement, funds will be sent from your transaction account at our bank to deposit accounts at other FDIC-insured institutions in increments below the FDIC insurance maximum of $250,000. This way both principal and interest are eligible for FDIC insurance.
Ready to learn more? Our Treasury Management Officers can help.
Start HereWhen deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS, our bank can use the full amount of a deposit placed through ICS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.