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Expand Funding Options for a Unique Line of Business

A $6 billion bank needed $500 million to help fund tax-refund anticipation loans in Q1, and the bank needed lump-sum amounts quickly at certain points during the month.

Potential Solutions

  • FHLB overnight advances

  • Deposit listing services

  • IntraFi FundingSM (formerly ICS®)

Benefits to Bank

  • Can customize a plan to receive funding blocks on a determined or more flexible schedule

  • Can purchase funding that counts as deposits, not borrowings (enhances loan-to-deposit ratio)

  • Is available without collateralization or stock purchase requirements

  • Is quicker and more cost efficient compared to deposit listing services

Bank’s Chosen Path

  • Chose IntraFi FundingSM (formerly ICS®)​ for a customized funding plan that the bank used to create a ramp-up schedule and a ramp-down schedule to meet its short-term funding needs

  • Used brokered CDs to supplement its funding needs