Keep Taxpayer Dollars Safe and Local
Safe, simple cash solutions from IntraFi®
Thousands of public entities have placed
billions of dollars through IntraFi's services.
Ask your bank if it offers ICS and CDARS or find one that does.
Work directly with just one IntraFi® network bank, 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. The full amount of your funds can be used to support local lending.1
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 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.
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[1] When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use IntraFi services, your bank can use the full amount of a deposit placed through IntraFi services for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, your 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.
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, ICS, and CDARS are registered service marks, and IntraFi Cash Service and the IntraFi hexagon are service marks, of IntraFi Network LLC.