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Submitted URL: https://bankingoncommunities.com/
Effective URL: https://www.intrafi.com/ics-cdars/cdba
Submission: On June 30 via api from US — Scanned from DE

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A list identifying IntraFi network banks can be found at
www.IntraFi.com/network-banks.

Deposit placement through an IntraFi service is subject to the terms,
conditions, and disclosures in applicable agreements. IntraFi is not an
FDIC-insured bank, and deposit insurance covers the failure of an insured bank.
Deposits placed through CDARS and ICS are placed at FDIC-insured banks in
IntraFi’s network and are eligible for FDIC deposit insurance coverage at
network banks. 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.
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