IntraFi® Network℠
Safeguard deposits over $250,000 with IntraFi® NetworkSM
Access multi-million dollar FDIC insurance and earn interest, all through a single relationship with TFNB Your Bank For Life. IntraFi® NetworkSM is the smart, secure, and convenient way to safeguard your large deposits.
Earn Interest
Put excess cash balances to work by placing funds into demand deposit accounts and/or CDs (through IntraFi® NetworkSM ) at rates to which you agree with us.
Access funds
Make unlimited program withdrawals per month from IntraFi® NetworkSM funds placed into demand deposit accounts. With IntraFi® NetworkSM , select from multiple term options to meet your liquidity needs.
Community investment
Feel good knowing that the full amount of funds placed through IntraFi® NetworkSM can support local lending opportunities that build a stronger community.
Save time
Access multi-million-dollar FDIC insurance, and say ‘goodbye’ to tracking collateral on an ongoing basis, managing multiple bank relationships, manually consolidating bank statements, and other time-consuming workarounds.
Peace of mind
Make funds eligible for protection beyond $250,000 that is backed by the full faith and credit of the federal government.
Exceptional TFNB service
At TFNB Your Bank For Life, we treat our customers like family. Work with the local community bank you trust. We manage the relationship with other IntraFi® NetworkSM accredited banks for you.
How does IntraFi® NetworkSM work?
Institutions that offer IntraFi® Network Deposits℠ (formerly known as ICS and CDARS deposit products) are members of the IntraFi® Network℠. When you place a large deposit with our bank using IntraFi® Network℠, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed into demand deposit accounts at other IntraFi® Network℠ banks when using IntraFi® Network Deposits℠. By working directly with our bank, you can access FDIC coverage from many and enjoy the convenience of receiving just one monthly statement per service utilized. And, as always, your confidential information is protected.
When you're ready to take advantage of IntraFi® Network Deposits℠, here's what happens:
Demand or Saving Option (formerly known as ICS® and CDARS® deposit products)
- You sign an IntraFi® Network Deposits℠ Placement Agreement and a custodial agreement with our bank.
- You identify an existing transaction account (or set up a new one) to be used with IntraFi® Network Deposits℠ option.
- Your funds are placed into deposit accounts with other members of the IntraFi® Network℠
- You can check balances and see where your funds are at all times using an online tool specially developed for Insured IntraFi® Network Deposits℠.
Ready to take advantage fo IntraFi® Network Deposits℠? Here's what happens:
Demand or Saving Option (formerly known as ICS® and CDARS® deposit products)
- You sign an IntraFi® Network Deposits℠ Placement Agreement and a custodial agreement, then deposit money with our bank
- Your funds are placed using the IntraFi® Network℠ service.
- Your IntraFi® Network Deposits℠ are issued by other members in the IntraFi® Network℠.
- You receive confirmation of your IntraFi® Network Deposits℠ from our bank.
- Your receive consolidated interest payments and statements through us.
Frequently Asked Questions
What can IntraFi® Network℠ do for me?
IntraFi® Network℠ offer a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility.
With the IntraFi® Network℠ services, you can:
- Rest assured. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government.
- Earn interest. Put excess cash balances to work by placing funds into demand deposit accounts using the IntraFi® Network Deposits℠ demand option, money market deposit accounts using the IntraFi® Network Deposits℠ savings option, and/or interest-bearing certificates of deposit (IntraFi® Network Deposits℠). Earn one rate on your IntraFi® Network Deposits℠.
- Save time. Work directly with just our bank—a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Receive just one monthly statement for each service from us summarizing your account activity and balances. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.1
How can deposits greater than the standard FDIC insurance maximum be eligible for insurance by the FDIC?
The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at an FDIC-insured depository institution. Institutions, like ours, that offer IntraFi® Network Deposits℠ are members of a special Network. When we place your deposit through the IntraFi® Network℠ service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and is placed in demand deposit accounts (using the IntraFi® Network Deposits℠ demand option), money market deposit accounts (using the IntraFi® Network Deposits℠ savings option), at multiple banks. As a result, you can access coverage from many institutions while working directly with just one.
How often can I access my funds?
You can make unlimited program withdrawals using the IntraFi® Network Deposits℠ demand option and up to six program withdrawals per month using the IntraFi® Network Deposits℠ savings option. With IntraFi® Network Deposits℠, select from a range of maturities (4 weeks, 13 weeks, 26 weeks, 52 weeks, 2 years, 3 years, and 5 years).
Who has custody of my funds?
Funds placed through IntraFi® Network℠ are deposited only in FDIC-insured banks. We act as custodian for your IntraFi® Network Deposits℠, and the sub-custodian for IntraFi® Network Deposits℠ is the Bank of New York Mellon (BNY Mellon), the largest custodian in the world.
Who provides the additional FDIC insurance when my funds are placed using IntraFi® Network℠?
Through IntraFi® Network℠, funds are placed with other Network members, and those Network members provide you with access to the additional FDIC insurance coverage. Working directly with just our bank, you can access coverage through many.
Is my account information safe?
Talk with a professional about
IntraFi® Network℠
Fill out the form below and we’ll have a member of our team reach out to answer any questions.
[1] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the IntraFi® Network℠, we can use the full amount of a deposit placed through IntraFi® Network℠ for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent to certain types of IntraFi® Network℠ transactions, our bank may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.
Placement of funds through the IntraFi® Network Deposits℠ service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Unlimited program withdrawals are available with IntraFi® Network℠ only when using the IntraFi® Network Deposits℠ demand option. Although 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 IntraFi® Network℠ settlement for a deposit or after IntraFi® Network℠ 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 placement of its funds, the depositor is responsible for determining whether its use of IntraFi® Network℠ satisfies those restrictions. IntraFi® Network Deposits℠ are registered service marks of Promontory Interfinancial Network, LLC.
