IntraFi® Network Deposits℠
Access Multi-Million-Dollar FDIC Insurance Coverage with IntraFi® Network Deposits℠.
Protect your business with greater FDIC deposit insurance coverage and gain peace of mind.
IntraFi® Network Deposits℠, formerly known as ICS® and CDARS®, is the simple, secure way to protect your association’s large deposits under one roof. Plus, with demand deposit account (DDA), money market deposit account (MMDA) and certificate of deposit (CD) options, you’ll earn interest while keeping your funds both liquid and secured.1
How it works.
Make a deposit.
Deposits placed through IntraFi® Network Deposits℠ are divided into amounts under the standard FDIC insurance maximum of $250,000.
Diversify your money.
The amounts are then placed in demand deposit accounts using the demand option, money market deposit accounts using the savings option, or in CDs using the CD option.
Protect your funds.
Your association's funds are eligible for FDIC insurance while on deposit at FDIC-insured depository institutions.
With IntraFi® Network Deposits℠ you won’t need a plan B.
Breathe easier knowing your funds are eligible for multi-million-dollar FDIC insurance1 backed by the United States government with IntraFi® Network Deposits.℠ Gain peace of mind with the smart, secure, convenient way to safeguard your large deposits.
Enjoy the flexibility to manage your cash flow based on your association’s individual liquidity needs. Plus, your accounts are managed by Popular Association Banking so you’ll enjoy the ease and convenience of working directly with one bank.
Earn a rewarding
Put excess cash to good use and earn interest at a rate set by Popular Association Banking, and avoid the risks associated with prime money market mutual funds (MMMFs).
Take comfort in knowing your deposits can be used to help fund lending opportunities in your local community and underserved neighborhoods.2
Why choose Popular Association Banking?
We have earned our reputation by meeting the special, and often complex needs of our community association clients.
We are devoted exclusively to managing financial requests from associations, and have extensive hands-on experience.
We believe a superior customer experience begins with a shared set of values that must shine through at every point of contact.
Additional Products & Services
We make the process easy with a minimal amount of hassle, paperwork, and a quick turn around time.
We have deposit accounts specifically geared towards community associations. Get the most for your money.
Our automated lockbox service raises the standards and puts every aspect of the lockbox process in your control.
Our online banking service offers robust information reporting and payments modules.
1 Placement of funds through IntraFi® Network Deposits℠ is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in MMDAs. 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 settlement for a deposit or after 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 Deposits℠ satisfies those restrictions. Network Deposits is a service mark, and IntraFi, ICS and CDARS are registered service marks, of IntraFi Network LLC.
2 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Network, the full amount of the deposit placed through CDARS can be used for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, a Network member may choose to receive fee income instead of deposits from other banks. Under these circumstances, deposited funds would not be available for local lending.