We understand the importance of keeping your money safe
Our deposit insurance solutions provide peace of mind that your excess funds are protected.
Convenient ways to secure your funds
ICS, the IntraFi Cash Service
ICS is offered through IntraFi®, allowing clients to access millions of dollars in aggregate FDIC insurance coverage across network banks, for funds placed into demand deposit accounts at Destination Institutions that participate in the IntraFi network. Upon enrolling into ICS, business clients continue to retain their Bank relationship with their Private Client Group (“PCG”) as a single point of contact to meet their financial needs.1
Safety
Funds placed through ICS are eligible to access millions of dollars in aggregate FDIC insurance coverage across network banks at Destination Institutions that participate in the IntraFi network.
Flexibility
Enjoy same-day access to your funds, subject to Program Withdrawal limitations.2
Statements
Receive monthly bank statements displaying allocated deposits at Destination Institutions participating in the IntraFi network that are eligible FDIC members.
Convenience
Deposits to your Bank account linked to ICS above a specified target amount are automatically allocated to Destination Institutions participating in the IntraFi network.
Transparency
Check your ICS account balances, upcoming allocations and track other important information through a specifically designed Depositor Control Panel.
How it works
We, like other institutions that offer ICS, are members of the IntraFi network. When we place your deposit through ICS, 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.
- ICS offers access to FDIC insurance coverage by automatically breaking up balances into insurable amounts and allocating each increment across participating IntraFi member banks.
- Your funds may be swept each business day based on an established target balance amount in your linked account.
CDARS, the Certificate of Deposit Account Registry Service
CDARS is brought to you by IntraFi, the largest provider of deposit placement serves providing access to FDIC insurance, combining the institutional strength of Wall Street with the community presence of Main Street. With IntraFi's services, you can access millions of dollars in aggregate FDIC insurance coverage across network banks.1
Peace of mind
With CDARS, you can access millions in aggregate FDIC insurance across network banks—all through a single bank relationship with us, a bank you know and trust.
Earn interest at a competitive interest rate.
Funds placed through CDARS may earn returns that compare favorably to Treasuries and government money market mutual funds and avoid the risks associated with prime money market mutual funds.
Time savings and ease
Work directly with us and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements.
Transparency
Stay confidently in control with statements that show balances, interest, and other important details associated with your certificate of deposit accounts.
Connect with us
Our commercial banking experts are here to help you find the right solutions for your business. Let’s talk about how Flagstar can support your goals.
1A 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.
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. IntraFi, ICS, IntraFi Cash Service, CDARS, and Certificate of Deposit Account Registry Service are registered trademarks of IntraFi LLC.
2When a Program Withdrawal is initiated for funds placed through ICS or CDARS, the bank will advance funds to you in anticipation of settlement of the Program Withdrawal.