IntraFi Network Deposits

How Does ICS Work

We, like other institutions that offer IntraFi Network Deposits, are members of a special network. When we place your deposit through IntraFi Network Deposits, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The amounts are then placed into deposit accounts at multiple FDIC-insured banks. As a result, you can access FDIC coverage from many institutions while working directly just with us.

Why Choose Insured Cash Sweep?

With the Insured Cash Sweep®, or ICS®, service, you can place your funds into checking accounts and

Rest assured knowing your ICS funds are eligible for multi-million-dollar FDIC insurance that’s backed by the full faith and credit of the U.S. government
Enjoy the ease of working through a single bank relationship and receiving just one regular statement
Maintain access to your funds placed into checking accounts
Eliminate ongoing collateral tracking and the need to footnote uninsured deposits in financial statements
Support your community by keeping the full amount of your deposit local to support local lending¹

What Else Do You Need to Know?

You receive a regular monthly statement showing your ICS balances and other key information. And you can check your ICS balances and track other important information of interest to you online*, 24/7. As always, your confidential information remains protected.

IntraFi Network Banks

*Depositor Control Panel is managed through IntraFi. Not Gulf Coast Bank & Trust. Message and data rates may apply. Please check with your service provider for specific fees and service charges.

¹When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use IntraFiNetwork Deposits, our bank can use the full amount of a deposit placed through IntraFiNetwork Deposits 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.

Placement of funds through IntraFiNetwork Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFiNetwork Deposits satisfies those restrictions. IntraFi; the IntraFilogo; Bank Safe, Bank Smart; Insured Cash Sweep; and ICS are registered service marks, and Network Deposits is a service mark, of IntraFiNetwork LLC.