Large Deposit Insurance CDARS & ICS
Place of funds through CDARS or ICS is subject to the terms, conditions, and disclosures in the program agreements, including the applicable Deposit Placement Agreement ("DPA"). Limits apply and customers eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in money market deposit accounts. Funds are placed at destination institutions in amounts that do not exceed the FDIC standard maximum deposit insurance amount ("SMDIA") at any one destination institution. Using multiple destination institutions provides access to aggregate insurance amount across institutions that are multiples of the SMDIA (E.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurances (if the relationship institution is not an insured depository institution). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of it's funds, the depositor is responsible for determining whether it's use of CDARS or ICS satisfies those restrictions. A list identifying IntraFi Network insurance depository institutions at which funds may be placed through CDARS or ICS may be founds at https://www.intrfi.com/network-banks. As provided in the DPA, the depositor may exclude particular insured depository institutions from eligibility to receive the depositor's funds.
IntraFi, CDARS and ICS are registered service marks of the IntraFi Network LLC.