![]() ![]() ![]() IntraFi Cash Service and the IntraFi hexagon are service marks, and IntraFi, ICS, and CDARS are registered service marks, of IntraFi Network LLC. This account allows clients who maintain balances greater than the FDIC insurable limits to maintain their funds within First National Bank while funds are then. The depositor may exclude banks from eligibility to receive its funds. Receive balance information in your monthly comprehensive statement. Build reserves you can quickly access for expenses or investments. Regions Treasury Management offers the following Sweep Services 1 to help you maximize investment earnings, minimize idle balances, and reduce interest expense so you can improve cash flow management. Rest easy, knowing you’re saving automatically. We take funds in excess of the standard FDIC maximum, divide them into smaller amounts, and automatically deposit them with participating U.S. A list identifying IntraFi network banks appears at. Features and Benefits Avoid withdrawal limitations common in savings accounts, while you earn interest. Insured Cash Sweep ® (ICS ® ) Simplify the management of your organization’s large cash balances with Insured Cash Sweep ® (ICS ® ). Insured Cash Sweep® (ICS) Secure large deposits in FDIC-insured, interest-earning accounts while still maintaining access to your funds. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. With the Insured Cash Sweep service, we have access to a unique network, and can place your funds in to demand deposit accounts, money market accounts or both. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). ![]() Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. For purposes of FDIC Part 360, the term sweep account is an account held pursuant to a contract between an insured depository institution and its customer involving the pre-arranged, automated transfer of funds from a deposit account to either another account or investment vehicle located within the depository institution (internal sweep accou. ![]()
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