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Grow your reciprocal deposits.

Trusted, time-tested solutions from the inventor of reciprocal deposits.

Reciprocal deposits have historically been a cost-effective way for banks to build a stable balance sheet and acquire more funds to lend. IntraFi's reciprocal solutions enjoy broad usage by bank customers who place billions of dollars through the services each week.

Most reciprocal deposits are core deposits.

Most reciprocal deposits are treated as core, nonbrokered deposits up to the lesser of $5 billion or 20% of liabilities for a well-capitalized bank. Since they tend to be lower-cost deposits that come in large increments (six, seven, eight, or even nine figures at a time) from local customers, reciprocal deposits are an attractive, option for banks looking to grow franchise value.

Reciprocal deposits compare favorably to alternatives.

  IntraFi's Reciprocal Deposit Solutions Collateralized Deposits Listing Service Deposits Wholesale Funding Purchases
Most are not brokered  
Local, stable, and don’t “chase” rates2    
Help build loyal customer relationships    
Are uniformly free of ongoing collateralization requirements3    
Provide balance sheet flexibility4      
Consistently enhance franchise value      

Reciprocal deposits tend to be more stable than other choices, including collateralized deposits, listing service deposits, and wholesale funding purchases. Reciprocal deposits can also help banks increase profitability (and lead to enhanced ROA and ROE) by offering greater balance sheet flexibility, reducing collateralization and tracking costs, and spreading customer acquisition and maintenance costs over a larger deposit base.

What bank leaders say.

In stark contrast to listing service deposits, reciprocal deposits help a bank build franchise value. Quite simply, reciprocal deposits tend to be large, lower-cost, in-market deposits and, as such, offer greater potential for opportunity and efficiency. For this reason, many banks are replacing at least a portion of their listing service deposits with reciprocal deposits.

Jim Di Misa

Former EVP and COO, Community Bank of the Chesapeake

Reciprocal deposits are popular because they tend to be associated with multi-million-dollar depositors, enabling banks to attract deposits in large chunks with lower acquisition and maintenance costs as costs tend to be spread over much larger deposit amounts. Moreover, they tend to come from local customers at rates that are more in line with local pricing norms. They also tend to come from customers who are more likely to be interested in a broader, more long-term relationship that may include mortgages, credit cards, and other profit-generating services.

Mark Thompson

President, CenterState Bank

We signed up for ICS for three key reasons. First and foremost, it fills a need of our customers by providing them with flexible funds that are eligible for FDIC insurance. Second, it lets us keep those funds on our balance sheet, which gives us the dollars to lend into our communities. Finally, we have been long-time users of other [aspects of the product]. We and our customers have come to trust the quality and professionalism of [IntraFi].

James O. Donnelly

Executive Vice President Bangor Savings Bank, ME

Learn More

IntraFi operates the nation’s largest reciprocal deposit network. Learn why reciprocal deposits are a game changer for banks and local communities or contact us and how your bank can get started with ICS® and CDARS®.  


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[1] Includes wholesale funding sources, such as FHLB advances, traditional brokered CDs, and correspondent banks. Does not include wholesale funds purchased through a deposit network.
[2] A bank receives reciprocal deposits in return for deposits that it places, most of which are locally sourced.
[3] Noncollateralized deposits reduce collateral tracking and free up bank capital for more productive uses.
[4] In times of high liquidity, a bank using reciprocal deposits can easily switch to IntraFi's One WaySM option to take deposit amounts off balance sheet while earning fee income.

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 The depositor may exclude particular insured depository institutions from eligibility to receive the depositor’s funds.