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Deposit Insurance Up to $100 Million

Concerned about FDIC insurance limits and want to maximize your coverage? We’re here to help.

Deposit Insurance Up to $100 Million


Our team will work with you to ensure your accounts are styled appropriately. Plus, with IntraFi’s Cash Management Services℠, through Insured Cash Sweeps or (ICS®) and Certificate of Deposit Account Registry Service (CDARS®),  we can provide access to millions in FDIC insurance for cash deposits above the standard FDIC maximum coverage of $250,000.

Enjoy the VeraBank relationship you know and trust, with deposit insurance up to $100,000,000.

Contact our team at or 903-657-8525 to learn more or enroll.


How it Works

With ICS® and CDARS® services, you can enjoy the safety and simplicity that comes with access to multi-million-dollar FDIC insurance through a single bank relationship. You can choose the service or combination of services that can offer the returns and access right for you. 

Funds above the FDIC threshold are divided into smaller amounts under the standard $250,000 maximum. The funds are placed in demand deposit accounts and money market accounts with ICS® and in CDs with CDARS®. Participating customers can access coverage from multiple institutions through a single relationship with VeraBank.

  • With ICS®, make unlimited withdrawals from funds placed in demand deposit accounts or up to six program withdrawals per month from funds placed into money market deposit accounts.
  • With CDARS®, select from multiple CD term options to meet your liquidity needs.
  • A monthly statement will be sent from VeraBank for each ICS® and CDARS® service.  


About FDIC Insurance

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system. To accomplish this mission, the FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.

FDIC insurance is backed by the full faith and credit of the United States government. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. Since the FDIC was established in 1933, no depositor has lost one penny of FDIC-insured accounts.



There may be a fee assessed on all interest-bearing deposits.

Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS savings option, program withdrawals are limited to six per month. 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 ICS or CDARS settlement for a deposit or after ICS or CDARS 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 ICS or CDARS satisfies those restrictions. ICS, Insured Cash Sweep, and CDARS are registered service marks of IntraFi Network.


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