How IntraFi works
IntraFi is a trusted network of over 3,000 U.S. financial institutions. Funds are placed in:
- Demand deposit and money market accounts with the network’s IntraFi Cash Service (ICS®)
- CDs with IntraFi’s certificate of deposit account registry service (CDARS®)
Choose the option that fits your liquidity needs.
Why Accordia Bank uses IntraFi
Expanded FDIC insurance
Deposits of $1 million or more qualify for FDIC insurance coverage. Funds placed through ICS or CDARS are divided into amounts below the FDIC insurance limit and deposited at participating banks.
Put excess cash to work
Earn interest on your funds while fully protected.
Streamline cash management
Avoid juggling multiple accounts at different institutions. With IntraFi, receive one statement per service.
Support your community
Your deposits support small business lending, housing initiatives, and local infrastructure projects in the communities Accordia Bank serves.
Frequently asked questions
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What is IntraFi?
IntraFi is a U.S. financial company that operates a nationwide deposit network connecting thousands of financial institutions.
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Who uses IntraFi’s services?
More than 3,000 U.S. financial institutions participate in the IntraFi network.
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Is IntraFi an FDIC-insured bank?
No. IntraFi is not an FDIC-insured bank. FDIC insurance applies to deposits placed at FDIC-insured banks in the network.
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How does IntraFi support communities?
Deposits placed through the network help fund small business lending, infrastructure projects, municipal services, education, and housing initiatives.
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Disclosures
If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through ICS or CDARS, or a particular ICS or CDARS transaction, satisfies those restrictions.
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.
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 https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.
