IntraFi Cash Service® (ICS®)

Enjoy safety, convenience, and returns on your large cash balances with ICS and learn how it supports your deposit placement and liquidity strategies.

IntraFi Cash Service®

Work directly with Legend Bank to access millions in aggregate FDIC insurance across network banks. With ICS and CDARS, you can:

  • Rest assured. Know that deposits well into the millions are eligible for aggregate FDIC insurance protection across network banks. Market volatility will not negatively impact principal because deposit accounts are not subject to floating net asset values.
  • Earn interest. Put cash balances to work. Interest may compare favorably to Treasuries.
  • Keep it simple. Avoid opening multiple accounts with multiple institutions to protect your funds. Forgo the need to use repo sweeps, track collateral on an ongoing basis, and manually consolidate statements and disbursements from multiple banks.
  • Manage liquidity. Enjoy access to funds placed into demand and money market deposit accounts. Select from multiple terms for CD placements to meet your liquidity needs.

Find a full list of IntraFi network banks here. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply.

How does ICS work?

ICS, the IntraFi Cash Service, is a trusted, tested product used by thousands of businesses, government entities, and institutional investors across the nation for cash management needs. Watch the video to see how it works.

Deposit placement through ICS and CDARS is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through ICS and CDARS 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-iInsured banks in IntraFi’s network that hold deposits placed using ICS and CDARS 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 ICS and CDARS satisfies any restrictions on its deposits. ICS, IntraFi Cash Service, and CDARS are registered service marks of IntraFi LLC.

Meet Our Team

Gina Arriola

Treasury Management Sales, SVP

Shea Rutherford

Treasury Management Officer

With ICS, the IntraFi Cash Service, you can enjoy the safety and simplicity that comes with access to millions of dollars in aggregate FDIC insurance across network banks. You can choose to place your funds in demand deposit accounts, money market deposit accounts, or both.

A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. 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.

The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at each FDIC-insured depository institution. Banks that offer IntraFi’s services are members of IntraFi’s network of financial institutions. When your funds are placed through the services, they are divided into amounts under the standard FDIC maximum of $250,000 and placed with other network members—each an FDIC-insured institution. Your deposits are placed in a manner that makes them eligible for FDIC insurance at each member bank. By working directly with one network member, you can access insurance through many.

Funds placed through ICS are deposited only at FDIC-insured institutions. We act as custodian for your deposits placed, and the Bank of New York Mellon acts as sub-custodian.

Through ICS, funds are placed in deposit accounts in amounts less than the FDIC insurance maximum at members of IntraFi’s network of financial institutions, and those network members provide you with access to the additional FDIC insurance coverage. Working directly with just one bank, you can access coverage through many FDIC-insured institutions.

Your confidential information remains protected, and your relationship remains between you and us.

Let’s Connect

What services are you interested in?

Deposit placement through IntraFi services 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. 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, IntraFi Cash Service, and the IntraFi logo are registered trademarks of IntraFi LLC.