IntraFi Cash Services

Summary of ICS® and CDARS®

IntraFi Cash Service, or ICS®, and CDARS® enable our institution to offer customers access to multi-million-dollar FDIC insurance through a single relationship.

ICS®

Customers’ funds can be placed into demand deposit accounts, money market deposit accounts, or both.

  • Deposits are allocated to banks that participate in the program (up to $250,000 per bank)
  • Daily access to funds
  • Customers’ relationship institution owns and maintains relationship
  • Customers may exclude banks from receiving their funds

CDARS®

Customers’ funds can be placed into certificates of deposits.
  • Deposits are allocated to banks that participate in the program (up to $250,000 per bank)
  • Standard CD terms are 3 month, 6 month, 12 month, 24 month and 36 month
  • Customers’ relationship institution owns and maintains the relationship
  • Customers may exclude banks from receiving their funds

How Does It Work?

Institutions that offer ICS® and CDARS® are members of IntraFi’s network of banks
  • Our customers’ large deposits are divided into amounts under the standard FDIC insurance maximum and are placed in deposit accounts at network banks
  • Our customers’ funds can be placed into demand deposit accounts, money market deposit accounts, using ICS, and CDs using CDARS
  • Our institution sets the rate our customers receive
  • Our customers communicate only with our institution and receive one consolidated statement per option
  • Our customers’ information remains confidential

Customer deposits funds at network relationship bank

Bank 1, <$250,000 in principal and interest. Bank 2, <$250,000 in principal and interest. Bank 3, <$250,000 in principal and interest.



The company behind ICS® and CDARS®


  • Founded in 2002
  • More than 3,000 U.S. financial institutions have chosen to be members of IntraFi’s network
  • Invented reciprocal deposits
  • #1 provider of FDIC-insured deposit services
  • >$500bn deposits currently placed using our services (as of June 22)
  • BNY Mellon handles custody, settlement, record keeping, and issuance
Use of CDARS or ICS is subject to the terms, conditions, and disclosures in the applicable program agreements, including the IntraFi Participating Institution Agreement. Limits apply and customer eligibility criteria may apply. A list identifying IntraFi network banks may be found at https://www.intrafi.com/network-banks. As provided in the applicable Deposit Placement Agreement, the depositor may exclude particular insured depository institutions from eligibility to receive the depositor’s funds. IntraFi, ICS, CDARS, and the IntraFi logo are registered service marks, and the IntraFi hexagon is a service mark, of IntraFi Network LLC.