Explaining ICS and CDARS

May 24, 2023

With deposit and bank safety in the news, offering ICS and CDARS can provide your customers with valuable peace of mind that grows their loyalty to your bank. In this webinar, we'll discuss

Why ICS and CDARS are excellent solutions for securing large deposits through a single bank
How the services work
Tips on how to talk to customers about the benefits of the services, the simple sign-up process, and the customer experience
Available tools, support, and resources to make it easy to market ICS and CDARS

Brought to you by IntraFi®, a company chosen by over 3,000 financial institutions, this webinar is for banks of all sizes. The webinar is also recommended as a refresher for banks that already offer the company's services.

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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.