ICS® and CDARS® Accounts
Protect your association with multimillion-dollar FDIC coverage.
Contact usAccess multimillion-dollar FDIC insurance coverage at participating network banks with ICS and CDARS.
ICS (IntraFi Cash Service℠) and CDARS (Certificate of Deposit Account Registry Service®) are the simple, secure way to protect your association’s large deposits while working directly with us. With ICS and CDARS, your homeowners association (HOA) can enjoy the safety and simplicity that comes with access to aggregate multimillion-dollar FDIC insurance through IntraFi’s network of banks. Your funds can be placed into either CDs using CDARS, or demand deposit accounts and money market deposit accounts using ICS.1
Manage your ICS and CDARS accounts online.
The Depositor Control Panel is a secure website designed to help you manage your ICS and CDARS accounts. With this online dashboard, you can view your account balances and accrued interest anytime, anywhere.
You can request access by filling out the form and we'll follow up with you. Already have access? Sign in now.
Why choose ICS and CDARS?
Explore the key benefits of ICS and CDARS banking.
Peace of mind
Breathe easier knowing your funds are eligible for multimillion-dollar FDIC insurance backed by the United States government.
Flexibility
Access funds in demand deposit and money market accounts with ICS, or choose CD terms to fit your liquidity needs with CDARS.
Time savings
Say goodbye to managing multiple banking relationships, statements, and other time-consuming workarounds.
Rewarding returns
Put your deposits to work and earn interest at a competitive rate set by Popular Association Banking.
Transparent reporting
View balances and interest 24/7 with an online dashboard, plus receive detailed statements regularly.
Community support
Funds placed through ICS and CDARS support lending opportunities that build a stronger community.2
Frequently asked questions about ICS and CDARS accounts.
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ICS stands for IntraFi Cash Service®. Your funds are placed in demand deposit accounts or money market deposit accounts across IntraFi network banks.
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CDARS stands for Certificate of Deposit Account Registry Service®. Your deposits are placed in CDs across IntraFi network banks.
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ICS and CDARS are financial services that give you access to millions in aggregate FDIC insurance across IntraFi network banks. Institutions, like ours, that offer ICS and CDARS are members of the IntraFi network.
When we place your funds through the ICS or CDARS 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 (using ICS), or in CDs (using CDARS), at multiple network banks.
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The main difference between CDARS and ICS is the type of account in which your funds are placed. With ICS, your funds are placed in demand deposit accounts, money market deposit accounts, or both. With CDARS, your funds are placed in CD accounts.
Under CDARS®, your money is locked in until the end of a set term. ICS®, however, allows you to move your money in and out as dictated by your needs and desires.
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Yes, you’ll receive regular statements with detailed reporting provided by us. You can also check account balances and accrued interest for ICS and CDARS, 24/7, with an online dashboard.
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Yes, you have liquidity options available with demand deposit accounts and money market deposit accounts, and the multiple term options offered with CD placements.
You can set rules that determine when your funds will be transferred using ICS into deposit accounts at other IntraFi network banks or returned to your relationship bank. These transfers occur automatically and seamlessly. With CDARS, you can choose from a range of maturities to meet your cash management needs.
We have the association bank account you need.
Many HOAs maintain multiple accounts to meet different financial needs. Whatever your purpose, we have the right solution.
Get an interest-earning checking account for HOAs and community associations.
Lock in your funds with competitive rates and flexible terms tailored for HOAs.3
Earn more on your HOA’s reserves while maintaining access to your funds.4
1 Deposit placement through CDARS® or ICS® is subject to the terms, conditions, and disclosures in applicable agreements. 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). 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. A list identifying IntraFi network banks appears at IntraFi.com. The depositor may exclude banks from eligibility to receive its funds.
2 When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS® or CDARS® our bank can use the full amount of a deposit placed through ICS® or CDARS® for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, our 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.
3 A penalty will be imposed for early withdrawal. Fees may reduce earnings on the account.
4 For money market accounts, you are permitted to make up to six transfers and withdrawals or any combination thereof per statement cycle (or similar period) by means of a preauthorized or automatic transfer, withdrawal by check, draft, debit card, or transfer or withdrawal by online bill pay or by phone. These limitations are applied according to the date when the transaction is posted to the account and not the date when the check is written or the transfer is authorized. The limits do not apply to withdrawals made at a banking center, by ATM, or by mail. If these limits are exceeded, we may, at our option, impose excess transaction fees.
IntraFi, ICS®, CDARS® and Certificate of Deposit Account Registry Service are registered service marks, and IntraFi Network Deposits is a service mark of IntraFi Network LLC.