Keep large cash balances safe at banks nationwide
It's easy with ICS
Get liquidity, safety & convenience with ICS
Work directly with just one IntraFi® network bank, of your choosing, to access millions in aggregate FDIC insurance at network banks. Using ICS®, IntraFi Cash Service®, 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.
Note: 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.
Ask your bank if it offers ICS 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 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. 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. IntraFi, the IntraFi logo, ICS, and IntraFi Cash Service are registered service marks of IntraFi LLC.