Extended FDIC Coverage
Deposit solutions beyond FDIC limits and protection beyond $250,000.
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ICS®, the IntraFi Cash Service & CDARS®, the Certificate of Deposit Account Registry Service®.
Your funds can be eligible for extended 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 the 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.
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Log In to Depositor Conrol Panel
IntraFi's Depositor Control Panel let's you view your real-time balances and the banks where your funds are currently distributed.
1 No monthly maintenance fee. No fees for cash processing/deposits. No incoming wire fees. No monthly minimum balance requirement. No fees if the number of transactions is 500 or less per statement cycle. If that limit is exceeded, a $25.00 fee will be charged per statement cycle. Please contact your local banker for a complete list of service charges. Additional fees apply for Positive Pay and wire transfers. The Small Business Checking Account is not eligible for Remote Deposit Capture Scanner or other cash management solutions such as ACH Origination, lockbox. or Sweep accounts. Minimum to open a Small Business Checking account is Sl00.00.
2 All businesses must enroll in Positive Pay when opening any business checking and/or business money market checking account. Positive Pay is a service enabled in Business Online Banking that can prevent check and ACH fraud on your account. The monthly fee for Positive Pay is S25 per account. Once your account is successfully opened, a ConnectOne Bank representative will contact you to set up Positive Pay for your account. You may elect not to enroll in Positive Pay and will be required to sign a Positive Pay Opt-Out Agreement
3 Zelle@ and the Zelle® related marks are wholly owned by Early warning Services. LLC and are used herein under license. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution's online or mobile banking experience. Transactions between enrolled users typically occur in minutes. Your business must have an existing relationship of 30 calendar days or longer with ConnectOne Bank to enroll in Zelle for Small Business.
4 Fees and features of Autobooks subject to change based on terms and condition of the service. Autobooks Service agreement is presented at enrollment and is available on request by contacting Autobooks support. To use Auto books through ConnectOne Bank. you must have an active business checking account to be enrolled in Business Online Banking, and accept the Autobooks Terms and Conditions upon enrollment. ConnectOne Bank's privacy and security policies do not apply to 1he Autobooks website or platform.
Have More Questions?
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.
While you cannot pick the destination banks that hold your funds, you can exclude banks from eligibility to receive your deposits using ICS or CDARS.
If you already have a ConnectOne Bank account, 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.
If you don't already have a ConnectOne Bank account, you need to open one 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.
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