Access FDIC insurance for large deposits at network banks through ICS®.

Insure balances into the multi millions through aggregate FDIC insurance, across network banks, for free. For accounts that exceed the $250,000 FDIC limit, Primis offers ICS, IntraFi Cash Service®, and CDARS®, Certificate of Deposit Account Registry Service®.

A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC insurance coverage to apply.

Business Money Market Account Hero
Smiling businessman using laptop in the office image

Access to Greater Coverage Means More Protection.

Protecting your funds is more important than ever. The FDIC protects deposits up to $250,000 per depositor per insured bank for each account ownership category.

If your balance at Primis exceeds $250,000, and all deposits are within the same account ownership category, we can help secure millions of dollars in aggregate in FDIC protection across network banks.

Interested?  Please review the following information and contact your local banker directly or fill out the form below for additional information.

Tip: The FDIC’s Electric Deposit Insurance Estimator (EDIE) is a digital tool that helps you know how the insure rules and limits apply to you and your accounts.

How does it work?

Primis is a member of the IntraFi Network, which offer ICS and CDARS, meaning that when you make a large deposit with us, we can have your funds placed into accounts (with a maximum balance of $250,000) at other network institutions. When using ICS, your funds will be divided up and placed in multiple money market deposit accounts at other FDIC-insured institutions, keeping your confidential information protected. For CDARS, those funds will be deposited into CDs at network institutions instead.

WHY ICS and CDARS?

  • PEACE OF MIND

    Nobody has ever lost a penny of FDIC-insured deposits, make sure your funds beyond $250,000 are protected too.

  • EARN INTEREST

    Excess cash balances can be put to work, earning you returns, in money market deposit accounts (through ICS) and CDs (through CDARS).

  • SAVE TIME

    Work with us directly. The same Primis staff that knows your name will help you to access multi-million-dollar aggregate FDIC insurance across network banks. No need to memorize dozens of online banking logins.

  • ACCESS FUNDS

    You can make up to six withdrawals per month from ICS funds placed into outside money market deposit accounts. For CDARS, select from a range of CD term options to meet your liquidity needs.

Want more information?

To learn more about these services, please fill out the form below and a dedicated Primis rep will reach out soon:

Deposit placement through an IntraFi service is subject to the terms, conditions, and disclosures in applicable agreements. Deposits that are placed through an IntraFi service at FDIC-insured banks in IntraFi’s network are eligible for FDIC deposit insurance coverage at the network banks. The depositor may exclude banks from eligibility to receive its funds. To meet conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA before settlement for deposits or after settlement for withdrawals. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through an IntraFi service satisfies any restrictions on its deposits. IntraFi, ICS, IntraFi Cash Service, CDARS, and Certificate of Deposit Account Registry Service are registered trademarks of IntraFi LLC.