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Personal Finance

What is ICS IntraFi Cash Service?

Quick Answer

ICS (IntraFi Cash Service) is a deposit-placement network run by IntraFi (formerly Promontory) that splits a large deposit across member banks in $250K-or-less slices, giving FDIC coverage up to ~$150M while you keep one relationship with your bank.

How ICS distributes a 5 million dollar deposit across multiple banks.
Warren Team
Updated April 26, 2026
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Important Disclaimer:

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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