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Insured Cash Sweep (ICS)

Many large deposits. One trusted relationship.

Enjoy safety and simplicity through a single bank relationship. Insured by the Federal Deposit Insurance Corporation (FDIC), an Insured Cash Sweep (ICS)1 is a service that provides an efficient and secure way for businesses to:

  • Access multi-million-dollar FDIC protection on large deposits.
  • Potentially earn interest.
  • Enjoy flexibility.

All of this can be done through a single bank relationship—better yet, a family-owned and operated bank you already know and trust.


Treasury Management Team

Pictured from left: Jasmine Malouf, Treasury Management Sales/Project Manager; Julia Barger, Treasury Management Sales Associate; Cindy Mowery, Director of Treasury Management Sales; Scott Hansen, Treasury Management Relationship Advisor; Lindsey Miltner, Treasury Management Sales Consultant 

Who uses ICS Services?

 ICS services may be right for your business if you want to retain large-dollar relationships, increase asset liquidity, replace other costly funding options, or lower the risk of collateral-value deterioration. It is also an excellent program for businesses who want to work with a bank that they trust while still receiving the benefits of working alongside a network of FDIC-protected financial institutions.

Frequently Asked Questions

1Security National Bank, Member FDIC. Deposit placement of funds through the ICS service is subject to the terms, conditions, fees, and disclosures in applicable agreements, including the Deposit Placement Agreement (“DPA”). For business accounts only. Limits apply, and customer eligibility criteria may apply. The ICS savings option limits program withdrawals to six per month. Although deposited funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). 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 the placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restrictions. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks of IntraFi Network LLC. 

2When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Promontory Network, a bank can use the full amount of a deposit placed through ICS for local lending, satisfying some depositors' local investment goals or mandates. Alternatively, with a depositors' consent, and if authorized under state law, a bank may choose to receive fee income instead of deposits from the banks. Under these circumstances, deposited funds would not be available for local lending.

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