Overview
Access to multi-bank FDIC insurance coverage through one bank
ICS®, the IntraFi Cash Service®, is a deposit placement service offered by Chain Bridge Bank, N.A. The Bank, acting as custodian, places client funds in deposit accounts at other FDIC-insured banks in IntraFi’s network, in amounts under the standard maximum deposit insurance amount (“SMDIA”) of $250,000 per depositor, per insured bank, for each account ownership category. Deposits placed through ICS at FDIC-insured network banks are eligible for FDIC deposit insurance coverage at those banks, subject to the conditions for “pass‑through” coverage and the terms of the ICS agreements.
Depositors who are required to hold balances above $250,000 in insured deposits use ICS through a single bank relationship. Whether placement through ICS fits a particular need is worth a conversation with a relationship officer. Chain Bridge Bank, N.A. is an FDIC‑insured bank under Certificate #58595 and serves deposit clients nationwide.
A list identifying IntraFi network banks can be found at www.IntraFi.com/network-banks. Certain conditions must be satisfied for “pass‑through” FDIC deposit insurance coverage to apply. To meet these conditions, deposit accounts are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass‑through coverage.
A placement service, not a separate account type. ICS works with a new or existing Chain Bridge Bank, N.A. checking or other transaction account. Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements; the required disclosure appears at the bottom of this page. Chain Bridge Bank. Member FDIC.
How ICS works
How the Bank places your funds
Step 1
Speak with a relationship officer
Placement begins with a conversation. A relationship officer determines with you whether ICS fits and links ICS with a Chain Bridge Bank, N.A. transaction account.
Step 2
Set a threshold balance
Choose the balance to keep in your Chain Bridge account for day‑to‑day needs. Funds above the threshold are placed through ICS; transactions for deposits will settle the next business day.
Step 3
Funds are placed at network banks
The Bank, as custodian, places funds in deposit accounts at FDIC‑insured banks across IntraFi’s network, in amounts under the $250,000 SMDIA at any one bank. You may exclude any bank from receiving your funds.
Step 4
Follow your funds in one place
A monthly statement from Chain Bridge lists your ICS balances and each bank holding your funds. The Depositor Control Panel (DCP), an online reporting site, shows placement information at any time.
Setting up a new account? Wire and ACH instructions are on the Routing Number page.
Placement options
Demand and savings placement
ICS demand option
Funds are placed in demand deposit accounts at network banks. Used with a checking or other transaction account for balances that move.
ICS savings option
Funds are placed in money market deposit accounts at network banks. Used for reserve balances held for longer periods.
Businesses and organizations
For organizations with an existing coverage requirement
Some organizations are required to hold balances above the SMDIA in insured deposits. Where such a requirement already applies, a relationship officer coordinates ICS placement alongside the Bank’s digital treasury management services. Commercial deposit accounts can be opened remotely for organizations anywhere in the United States.
For entities that collateralize deposits or that report uninsured deposits in financial statements, placement through ICS may reduce those tracking and reporting obligations. Whether it does depends on the organization’s own legal, regulatory, and accounting requirements. The depositor must determine whether placement through ICS satisfies any restrictions on its deposits.
Related: Treasury Management · Business Deposit Accounts
Personal
For individuals, families, and fiduciaries
Some individuals and fiduciaries are required to keep balances above $250,000 in insured deposits. Where that requirement applies, a relationship officer can discuss whether placement through ICS fits. Personal accounts may be opened online from any U.S. state, and the officers who open an account also service it; none are paid on commission.
Related: Personal Deposit Accounts · Digital Banking
Frequently asked questions
ICS questions
How can deposits above $250,000 be eligible for FDIC insurance?
The FDIC insures deposits up to $250,000 per depositor, per insured bank, for each account ownership category. When Chain Bridge Bank, N.A. places funds through ICS, the funds are divided into amounts under that maximum and deposited at multiple FDIC‑insured banks in IntraFi’s network. Deposits are eligible for FDIC insurance at each network bank, subject to the FDIC’s conditions for “pass‑through” insurance coverage.
Who uses ICS?
Depositors who are already subject to a requirement to hold balances above $250,000 in insured deposits. A relationship officer determines with each client whether placement through ICS fits.
Is IntraFi a bank?
No. IntraFi LLC operates the deposit placement network and related services. IntraFi is not an FDIC‑insured bank, and deposit insurance covers the failure of an insured bank. Funds placed through ICS are held in deposit accounts at FDIC‑insured banks in IntraFi’s network.
Who holds my funds, and who knows my identity?
Chain Bridge Bank, N.A. acts as custodian for funds placed through ICS. Once your funds are placed through ICS, network banks hold your funds. At each bank, deposit accounts are titled in the name of a sub‑custodian, and account records are maintained in accordance with FDIC regulations for pass‑through insurance coverage. FDIC‑insured network banks that receive your funds are not informed of your identity; your relationship remains with Chain Bridge.
Can my balance at Chain Bridge exceed $250,000 during the process?
Yes. Balances at the Bank may exceed the SMDIA before settlement for deposits or after settlement for withdrawals, and standard FDIC limits apply to those balances while they remain at the Bank. The required disclosure below describes this; the depositor must make any arrangements needed to protect such balances consistent with applicable law.
How does ICS differ from a money market mutual fund or a brokerage sweep?
Funds placed through ICS are bank deposits at FDIC‑insured institutions. They are not securities and not an investment product. Money market mutual funds and deposit sweep programs are governed by different rules and offer different protections. The Bank does not provide investment advice; review program terms and consult your own adviser.
Can I exclude particular banks from holding my funds?
Yes. You may exclude any bank in the network from eligibility to receive your funds through the DCP. A list identifying IntraFi network banks appears at intrafi.com/network-banks.
Required disclosure
Deposit placement through ICS
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 the 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. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. IntraFi is not an FDIC‑insured bank, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass‑through” FDIC deposit insurance coverage to apply. IntraFi, ICS, and IntraFi Cash Service are registered service marks of IntraFi LLC.
Get started
Speak with our team
To discuss whether placement through ICS fits, contact our team. Calls are answered by Bank staff in McLean, Virginia, Monday through Friday, 9:00 a.m. to 5:00 p.m. Eastern Time.
Our team
Your ICS team
Existing and prospective clients may contact a member of the team directly to discuss placement through ICS.
Senior Vice President
National Banking Manager
Executive Vice President
Chief Commercial Banking Officer
This page is provided for informational purposes only and is not investment, legal, tax, or accounting advice.
Last reviewed July 15, 2026
