IntraFi Deposit Placement Services

Access millions of dollars in aggregate FDIC insurance across network banks, at your fingertips

Bank of Houston offers deposit solutions that provide peace of mind for our clients. ICS® and CDARS®, available through Bank of Houston, provide  individuals, non-profits, and businesses access to multi-million-dollar aggregate FDIC insurance across network banks on deposits while working directly with us. And, you pay no monthly fees.
NOTE: A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply.

HOW IT WORKS:

Institutions, like ours, that offer ICS are members of the IntraFi network. When we place your funds through the ICS service, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in demand deposit accounts or money market deposit accounts at multiple network banks. As a result, you can access coverage from many institutions while working directly with just one.

With ICS, your funds are placed into money market accounts, whereas with CDARS, your funds are placed into CDs. This allows you to choose which is the right product for you.

PRODUCT FEATURES and BENEFITS

  • Enjoy peace of mind knowing your ICS and CDARS funds are eligible for access to FDIC protection
  • Save time working directly with your local banker
  • Earn favorable returns – ICS is valuable for shorter term liquid deposits while CDARS give you the benefits of longer term maturities
  • View your ICS or CDARS deposits online at anytime and enjoy the convenience of receiving a single statement for your ICS or CDARS accounts
  • Support investment in your local community [1]

For more information on the IntraFi Network Deposits program, please visit www.intrafinetworkdeposits.com or call your local banker at (713) 497-1515 or (254) 445-2213 to get started today!

[1] When deposited funds are exchanged on a dollar-for-dollar basis with other IntraFi network institutions, our bank can use the full amount of a deposit placed through ICS and CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor’s consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.

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, and CDARS, are registered trademarks of IntraFi LLC.