IntraFI® ICS

Safe, Simple Cash Management

Work directly with American Community Bank and enjoy the safety that comes with access to millions in aggregate FDIC insurance across IntraFI’s network of banks. It Pays to Be Safe® with ICS.

Features

  • Rest Assured. Rest assured knowing that your funds are eligible for millions in aggregate FDIC insurance protection across network banks— protection that’s backed by the full faith and credit of the federal government. And ICS is not subject to floating net asset values, so you can feel secure knowing that market volatility will not negatively affect your principal.
  • Earn Interest. Put your funds to work. Interest rates may compare favorably to Treasuries and government money market mutual funds.
  • Enjoy Flexible Liquidity Options. With ICS, maintain access to your funds placed in demand deposit accounts or money market deposit accounts.
  • Time Savings and Transparent Reporting. Forego the need to manage multiple bank relationships. See account balances and accrued interest, 24/7, with an online dashboard. Also, see online which banks hold your funds, and receive regular statements with detailed reporting provided by American Community Bank.
  • Support Your Community. Feel good knowing that the full amount of your funds placed through ICS can stay local to support lending opportunities that build a stronger community.1

How Does ICS Work?
Institutions, like ours, that offer ICS are members of the IntraFi network. When we place your funds through the ICS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in demand deposit accounts or money market deposit accounts at multiple network banks. As a result, you can access coverage from many institutions while working directly with just one. 

 

 
[1] When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS, American Community 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 depositor's consent, American Community Bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
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, the IntraFi logo, ICS, and It Pays to Be Safe are registered trademarks of IntraFi LLC.