Insured Cash Sweep (ICS)

ICS®, the Insured Cash Sweep® service, is a smart, secure, and convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy liquidity.
With the ICS service, you can:
Rest assured. Even large balances can be eligible for protection that's backed by FDIC insurance.

Earn interest. Place excess checking account funds in your ICS account.
Enjoy liquidity. Make unlimited program withdrawals.
Save Time: Work directly with just our bank - a bank you know and trust. Forego opening accounts at other financial institutions to be insured under the FDIC. 

That’s smart.

How ICS Works


  • How can deposits greater than the standard FDIC insurance maximum be eligible for insurance by the FDIC?

    The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at an FDIC-insured depository institution. Your ICS funds are divided into amounts under the standard FDIC maximum and placed with other ICS Network members—each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. By working directly with our bank, you can access insurance through many. 

  • How often can I access my funds? 

    You can make unlimited program withdrawals.

  • Are there any fees for using ICS? 

    There is a monthly service charge of $50.00.  This charge is waived when you select the ICS Option of $75,000 target balance.

  • Who has custody of my funds? 

    Funds placed through ICS are deposited only in FDIC-insured banks. We act as custodian for your ICS deposits. 
  • Who provides the additional FDIC insurance when my funds are placed using ICS

    Through ICS, funds are placed with other ICS Network members, and those Network members provide you with access to the additional FDIC insurance coverage. Working directly with just our bank, you can access coverage through many.
  • Is my account information safe?

    You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.
To learn more, visit your nearest JBT branch or contact

Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. Unlimited program withdrawals are available with ICS only when using the ICS demand option. 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 settlement for a deposit or after ICS 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 satisfies those restrictions. ICS and Insured Cash Sweep are registered service marks of IntraFi Network LLC (formerly Promontory Interfinancial Network, LLC).