Multi-Million Dollar FDIC Coverage

Protection beyond $250,000
Deposit solutions beyond FDIC limits

ICS®, the IntraFi Cash Service & CDARS®, the Certificate of Deposit Account Registry Service®

Your funds can be eligible for multi-million-dollar FDIC insurance at IntraFi network banks beyond the standard $250,000 coverage - through ICS and CDARS. 

ConnectOne Bank (CNOB) is an active member of the IntraFi® network. When we place your funds through the ICS® or CDARS® service, your balances are divided into increments below $250,000.00. The funds are then placed in demand deposit accounts or money market deposit accounts (using ICS®), or in Certificates of Deposits (using CDARS®), at multiple banks in the IntraFi network. This enables these institutions to provide you access to FDIC coverage for your entire deposit, all managed through your ConnectOne Bank relationship. 

Connect with your local banker or contact us to enroll.

Click here for Depositor Control Panel

Login to IntraFi's Depositor Control Panel to view your real-time
balances and the banks where your funds are currently distributed.


Watch the video below for a brief recap on how IntraFi® ICS® and CDARS® work.


Frequently Asked Questions

ICS®, the IntraFi Cash Service

  • There are two options in ICS: With the demand option, your funds are placed into demand deposit accounts at network banks; with the savings option, your funds are placed into money market deposit accounts at network banks

CDARS®, Certificate of Deposit Account Registry Service

  • Available Terms:
    • 4 weeks
    • 13 weeks
    • 26 weeks
    • 52 weeks
    • 2 years
    • 3 years

This service is available to consumers and businesses and municipalities.

You pay no fees to place your funds using ICS or CDARS.

You will receive a single monthly statement from ConnectOne Bank listing each bank holding your funds and the respective balances. 

You will also have access to the Depositor Control Panel where you can log-in anytime to see your deposit balances and what banks hold them. To learn how to get started or to access the portal, here is some helpful information from IntraFi. You can also invite others to view and manage your account. Click here to learn how. 


Download the PDFs here. 

You can exclude any bank from eligibility to receive your deposits placed using CDARS or ICS. 

If you place deposits using IntraFi’s ICS or CDARS service through other institutions, so
long as you use the same tax identification number when placing the deposits, your funds will
not be placed at in increments over $250,000 at any one bank.

Once a ConnectOne deposit account is created and the application is completed, the ICS or CDARS account will be established within 1 business day.

Three documents are required for ICS and CDARS. Our team can walk you through exactly how to execute each:

  • Deposit Placement Agreement
  • Custodial Agreement
  • ICS account Setup Form (not necessary for CDARS)

Connect with your local banker or contact us to enroll.

Do you already have a ConnectOne Bank account?

  • Yes

Great! We're going to walk you through the application. Connect with your local banker or contact us so we can get you the appropriate information. 

  • No

No problem! You need to open a ConnectOne Bank account to take advantage of this service. Visit our rates page to see which ConnectOne account is right for you. It should take about 5-10 minutes to open your account. Afterwards, connect with your local banker or contact us so we can help you continue the process with the appropriate information.


While you cannot pick the destination banks that hold you funds, you can exclude banks from eligibility to receive your deposits using ICS or CDARS.

As an active member of the IntraFi network, ConnectOne can place a customer’s large deposit at other IntraFi network banks, at each in an amount less than the standard maximum deposit insurance amount of $250,000 thereby making the large deposit eligible for FDIC insurance.

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How can we help you?

Contact a ConnectOne Bank representative to learn more.

Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at The depositor may exclude banks from eligibility to receive its funds. IntraFi, ICS, and CDARS are registered service marks of IntraFi Network LLC.

All trademarks and registered marks are the properties of their respective owners.

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At ConnectOne Bank, we understand that little things matter and focus on those things when providing personal and business banking solutions for our clients.