Ics sweep account7/13/2023 ICS is a service mark, and Insured Cash Sweep is a registered service mark, of Promontory Interfinancial Network, LLCM. When using the ICS savings option, program withdrawals are limited to six per month. The Insured Cash Sweep (ICS) service gives individuals, non-profits, and businesses access to multi-million-dollar FDIC protection on deposits over 250,000 with no monthly fees. Limits and customer eligibility criteria apply. With ICS you can secure large deposits while maintaining access to your funds and earning interest on funds placed into demand deposit accounts and/or money. Insured Cash Sweep The FDIC insures up to 250,000 of a customer’s deposit accounts at an FDIC-insured depository institution. View the video and learn about the advantages of an ICS account powered by Amerant Bank. Get the benefit and security of FDIC insurance for deposits over 250,000. Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Amerant Bank has partnered with IntraFi to provide Insured Cash Sweep accounts to our customers. To learn more about Insured Cash Sweep, contact your local Hills Bank location, call toll free at 1-80 (1-800-HILLSBK), or use the chat button on the lower-right-hand side of this page to connect with a banker during our business hours. See where your funds are at any time online.Unlimited program withdrawals: Make an unlimited number of program deposits and withdrawals.Earn interest by putting excess cash balances to work in money market deposit accounts Insured Cash Sweep® (ICS) Secure large deposits in FDIC-insured, interest-earning accounts while still maintaining access to your funds.Enjoy peace of mind knowing your ICS funds are under FDIC protection.not a money market mutual fund, and it is not an automatic sweep facility. By working directly with Hills Bank, you can access insurance through many FDIC-insured institutions and ensure your funds are protected. Program (ICS Program) for fee-based investment accounts held at Ingalls. This makes your deposit eligible for FDIC insurance at each member bank. Change the Service Charge Routine from Non-Sweep to Sweep. Here's how it works: Once your total ICS funds are deposited, they are divided into amounts under the standard FDIC maximum and placed with other ICS Network members – each an FDIC-insured institution. Change the Sweep Fund Code to the value entered in the ICS Option (dda 4356). The FDIC insures up to $250,000 of a customer’s deposit accounts at an FDIC-insured depository institution. The Insured Cash Sweep (ICS) service gives individuals, non-profits, and businesses access to multi-million-dollar FDIC protection on deposits over $250,000 with no monthly fees.
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