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CDARS® & ICS®, the IntraFi Cash ServiceSM




With the CDARS service, you can access multi-million-dollar FDIC protection by working directly with just our bank.

  • Rest assured. Know that deposits well into the millions are eligible for FDIC insurance protection at participating network banks.
  • Earn interest. Put cash balances to work in CDs.
  • 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. Select from multiple terms to meet your liquidity needs.
  • Support your community. Feel good knowing that the full amount of funds placed through CDARS can stay local to support lending opportunities that build a stronger community.1



ICS, the IntraFi Cash Service

ICS, the IntraFi Cash Service, is a smart, convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility.

With the ICS service, you can:

  • Rest assured. Make even large deposits eligible for protection at participating network banks backed by the full faith and credit of the federal government.
  • Earn interest. Put excess cash balances to work by placing funds into demand deposit accounts, money market deposit accounts, or both.
  • Save time. Work directly with just our bank—a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Receive just one monthly statement from us summarizing your account activity and balances. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.
  • Access funds. Make unlimited withdrawals of funds placed into demand deposit accounts or up to six program withdrawals per month of funds placed into money market deposit accounts. Funds can be placed in one or both types of deposit accounts to best match your cash management and liquidity needs.

Bank Safe, Bank Smart®.

How do CDARS and ICS Work?

Frequently Asked Questions


CDARS is one of the safest, smartest vehicles for investors looking to protect their large-dollar deposits while earning CD-level returns. CDs placed through CDARS offer:

  • access to multi-million-dollar FDIC insurance at participating network banks;
  • the ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements;
  • relief from ongoing collateralization—because CDARS deposits are eligible for FDIC protection, you can eliminate ongoing collateral tracking;
  • a finite maturity date (in contrast to auction-rate or some adjustable-rate securities); and
  • the ability to have the amount of your deposit available to support lending initiatives that strengthen the local community.1
How can deposits greater than the standard FDIC insurance maximum ($250,000) be insured by the FDIC?

The standard FDIC insurance maximum is $250,000 per insured capacity, per bank. To protect a larger deposit, you could run around to multiple institutions to deposit your funds, or you could require a bank to collateralize your deposit and track changing collateral values on an ongoing basis. Alternatively, you can have us place your large-dollar deposit using CDARS. Your deposit is divided into smaller amounts and placed with other participating network banks, each an FDIC-insured institution. By working directly with us, you can access coverage from many institutions while receiving a single regular statement.

Who has custody of my funds?

Funds placed through CDARS are deposited only into FDIC-insured banks. We act as custodian for your CDARS deposits, and the subcustodian for CDARS deposits is the Bank of New York Mellon (BNY Mellon).

Unique to CDARS, you as a depositor can obtain a confirmation of records maintained by BNY Mellon as subcustodian to reconcile those records with the statements received from us. At any time, as often as desired, you as a depositor can obtain a certified statement from BNY Mellon that confirms the exact amount of your CDs, including principal balance and accrued interest, for each FDIC-insured institution that issues a CD through CDARS.

You can submit a request for the certified statement, along with BNY Mellon’s processing fee, through us. BNY Mellon will send the certified statement directly to you or to another party designated by you, such as an auditor.

How can my funds be used locally if my CDs are issued by financial institutions across the country?

When we exchange deposits with other institutions that use CDARS on a dollar-for-dollar basis, the same amount of funds placed through the network returns to us. As a result, the total amount of your original deposit can remain with our bank and be used for local lending. (CDARS reciprocal transactions only.)1

Is my account information safe?

You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.

What happens if a CDARS institution that holds my deposit fails?

If a participating network bank closes, the bank’s CDs issued using CDARS in most cases have been transferred to a healthy institution— often the FDIC’s preferred method for handling bank failures. In cases where the FDIC has been unable to find a healthy institution willing to accept such a transfer, it has arranged for the payment of the insured principal and accrued interest to the depositors. This payment has usually occurred within a matter of days.

Where can I find out more information about CDARS and ICS?

Visit the IntraFi website to learn about the advantages of this deposit program.

Contact a Relationship Banker at 888-923-5664 or visit one of our convenient locations to Learn More or Apply.

Important Disclaimer Information:

1 When deposited funds are exchanged on a dollar-for-dollar basis with other banks that use CDARS, our bank can use the full amount of a deposit placed through CDARS 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 banks. Under these circumstances, deposited funds would not be available for local lending.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at The depositor may exclude banks from eligibility to receive its funds. IntraFi, Bank Safe, Bank Smart, ICS and CDARS are registered service marks of IntraFi Network LLC.

All trademarks and registered marks are the properties of their respective owners.