Cash Management
for HOAs
It's easy with solutions from IntraFi®
Looking to Keep Reserves Secure and Meet Cash Flow Needs?
With IntraFi®, homeowner associations can earn returns and keep cash reserves safe all through a single bank relationship. Work directly with just one IntraFi® network bank, of your choosing, to access millions in FDIC insurance. Using ICS® and CDARS®, your large deposit is divided and placed into deposit accounts at participating banks in amounts under $250,000, making the deposits eligible for FDIC insurance. Select from various liquidity options and keep principal and interest safe even amid market volatility.
A list identifying IntraFi network banks may be found here. IntraFi is not an FDIC-insured bank, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.
Ask your bank if it offers ICS and CDARS or find one that can place your funds through the service.
Thousands of financial institutions nationwide have partnered with IntraFi
A full list of IntraFi network banks can be found at www.intrafi.com/network-banks. Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA 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 an IntraFi service satisfies any restrictions on its deposits.