ICS and CDARS deposit solutions are now known as IntraFi Network Deposits. As IntraFi Network’s innovative balance-sheet-management solution, IntraFi Network Deposits empowers institutions to increase profitability, grow franchise value, manage liquidity more easily, and serve customers better. Thousands of financial institutions across the nation, including a majority of all U.S. banks, have thoroughly tested and embraced IntraFi Network Deposits.
To support your bank’s efforts to grow franchise value, increase profitability, and manage its balance sheet, use IntraFi Network Deposits to provide customers with easy access to multi-million-dollar FDIC insurance for funds placed into demand deposit accounts, money market deposit accounts, or CDs. And, your bank can keep or sell the amount of the deposits.
"With great success, we are selling IntraFi Network Deposits to our large-deposit clients as a retention vehicle, as well as using [IntraFi Network Deposits] to lower cost of funds and attract new deposit business."
ꟷ John Calpey Executive Vice President and Chief Operating Officer, One Florida National Bank, FL
"Our public funds customers appreciate knowing that when they place their funds through ICS, those funds are eligible for FDIC protection beyond $250,000 and earn interest. That benefits them, as well as local taxpayers, as our bank can make those funds available for investment within the community."
ꟷ Mario Martinez, President, Catskill Hudson Bank
Use of IntraFi Network Deposits is subject to the terms, conditions, and disclosures set forth in the applicable program agreements, including the IntraFi Participating Institution Agreement. Limits apply, and customer eligibility criteria may apply. Network Deposits is a service mark, and IntraFi, the IntraFi logo, CDARS, ICS, IND, and Insured Overnight Funding are registered service marks, of IntraFi Network LLC.
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Promontory Interfinancial Network is now IntraFi Network. Having built the largest bank network of its kind, IntraFi Network is a trusted ally to banks that never competes for their customers and that helps financial institutions to attract and maintain valuable customer relationships, grow reciprocal deposits, manage liquidity, generate fee income, diversify funding, and reduce collateralization. Banks use IntraFi Network solutions to offer customers access to millions in FDIC insurance on funds placed into demand deposit accounts, money market deposit accounts, and CDs. IntraFi Network's services include IntraFi Network Deposits (formerly ICS, CDARS, and IND deposit solutions) and IntraFi Funding (formerly ICS, CDARS, Insured Overnight Funding, and IND funding solutions).
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