Using IntraFi SweepSM, brokerage firms, fintechs, and wealth management advisors can provide clients with a superior investment alternative—access to multi-million-dollar FDIC insurance via a multibank deposit sweep product.
Used by tens of millions of customers, the service helps financial institutions to attract and place hundreds of billions of dollars with banks. IntraFi Sweep leverages patented technology and is known as a “buttoned-up,” full-service offering.
Essential cash management from the largest provider of insured deposit sweeps
Brokerage Firms & Wealth Management Advisors
Grow profitability with scalability and control margins earned from the service. Tier rates offered to various client segments. Brokerage firms and advisors can also use IntraFi Sweep to fund an affiliated bank, if applicable.
Use IntraFi Sweep to grow without being limited by partner institution size. With IntraFi Sweep, fintechs can offer customers safety and daily liquidity.
Enjoy daily liquidity and the peace of mind of working with the financial firm you know and trust to protect your cash deposits at FDIC-insured IntraFi® network banks.
Banks can acquire large blocks of funding that is reported as deposits, not borrowings. No collateralization required.
How Financial Institutions Use IntraFi Sweep
Customized approach, streamlined implementation, and ongoing support
The IntraFi team works closely with your firm to create a customized multibank program, sized to meet your firm’s needs with the ability to expand over time. Implementation is streamlined and efficient. Your firm has ongoing access to a dedicated IntraFi support team — a team known for its technological expertise and high-touch customer service.
Provider of Insured Deposit Sweeps
IntraFi offers the largest insured deposit capacities, with the greatest reliability, and provides tested, trusted services centered on technology.
When deposited funds are exchanged on a dollar-for-dollar basis with other banks in IntraFi's network of financial institutions, your bank can use the full amount of a deposit placed through ICS and CDARS for local lending, satisfying some depositors’ local investment goals or mandates.
Deposit placement through IntraFi’s deposit placement services is subject to the terms, conditions, and disclosures in the program agreements. Limits apply and customer eligibility criteria may apply. ICS program withdrawals may be limited to six per month for money market deposit accounts. Deposits are placed at destination institutions in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination institution. Using multiple destination institutions provides access to aggregate insurance amounts across institutions that are multiples of the SMDIA. Although deposits are placed at destination institutions in amounts that do not exceed the SMDIA at any one destination institution, a depositor’s balances at the relationship institution that places the deposits 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 an insured depository institution). 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 deposits of its funds, the depositor is responsible for determining whether deposit placement through IntraFi’s services satisfies those restrictions. A list identifying IntraFi network banks may be found at https://www.intrafi.com/network-banks. The depositor may exclude particular insured depository institutions from eligibility to receive the depositor’s funds.