Business team managing their deposit funding.

Deposit Insurance Solutions

ICS^® and CDARS^® IntraFi^® Services

Signature Bank’s partnership with IntraFi enables us to offer IntraFi Cash Service^®, ICS, and Certificate of Deposit Account Registry Service, CDARS, to our clients. These unique services provide access to millions in aggregate FDIC insurance coverage for funds placed across network banks in demand deposit accounts, money market deposit accounts, or CDs. ICS and CDARS are available to individuals, businesses, non-profit organizations, and government entities.

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. To meet the 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.

Signature Bank collaborates with you to determine the most suitable option that aligns with your needs. Acting as your custodian, we manage all necessary documentation and fund placement, ensuring a seamless experience.

ICS, the IntraFi Cash Service Demand Deposit Accounts (DDA)

Your funds are placed in interest-bearing DDAs at network banks. Move money manually between your existing Signature Bank accounts and have funds placed through ICS using Online Banking or set up automatic transfers from your Signature Bank checking account to ICS. You can make unlimited withdrawals of funds placed through ICS on DDAs.

ICS DDA

Access to Safety and Simplicity at Signature Bank

Signature Bank’s partnership with IntraFi enables us to offer ICS, the IntraFi Cash Service, to our clients. This unique service provides access to millions in aggregate FDIC insurance coverage for funds placed across network banks in demand deposit accounts. Funds placed through ICS into demand deposit accounts are placed in interest-bearing accounts and are available to individuals, businesses, non-profit organizations, and government entities.

Acting as your custodian, we manage all necessary documentation and fund placement through the IntraFi network, ensuring a seamless experience.

How It Works
Interest Rate	Signature Bank sets the applicable interest rate
Withdrawal Limits	There are unlimited withdrawals per month for funds placed through ICS into demand deposit accounts
Placement	Funds can be transferred to and from the account in the following ways: Automatic Option: Automatic sweep arrangements can be established between a designated Signature Bank checking account and your ICS account. One-Way Sweep: When the collected balance in your designated Signature Bank checking account exceeds a preestablished target balance, funds can be swept automatically at the end of each business day to your ICS account. To move funds back to your Signature Bank checking account, you must manually complete an internal transfer in Online Banking. Two-Way Sweep: When the collected balance in your designated Signature Bank checking account exceeds a preestablished target balance, funds can be swept automatically at the end of each business day to your ICS account. Funds will automatically sweep back to your Signature Bank checking if the balance falls below your preestablished target balance. Manual Option: Your existing Signature Bank Online Banking funds can be placed through ICS so you can make manual transfers to and from your existing Signature Bank checking and through ICS using the transfer function.
Communication	Only with Signature Bank and a monthly statement for each ICS account
Timeline	Each business day, funds placed through ICS are divided into amounts under the FDIC insurance maximum and are placed with other network member banks
End of Year Reporting	Year-end 1099 tax form provided

Next Steps

Complete the Deposit Placement Agreement (DPA), Custodial Agreement, and any other required forms.
- As part of the DPA, at your discretion, certain banks may be excluded from receiving your funds during the placement process.
If an automatic sweep arrangement is not selected, transfer the desired amount through ICS. Funds will then be placed into the IntraFi network.

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 IntraFi Cash Service are registered trademarks of IntraFi LLC.

ICS, the IntraFi Cash Service Money Market Deposit Accounts (MMDA)

Through ICS, we can place your funds in ICS MMDAs at network banks. Move money manually between your existing Signature Bank and ICS MMDA accounts through Online Banking. You can make six withdrawals per month from funds placed through ICS in money market deposit accounts.

ICS MMDA

Access to Safety and Simplicity at Signature Bank

Signature Bank’s partnership with IntraFi enables us to offer ICS, the IntraFi Cash Service, to our clients. This unique service provides access to millions in aggregate FDIC insurance coverage for funds placed across network banks in money market deposit accounts. Funds placed through ICS into money market deposit accounts are placed in interest-bearing accounts and are available to individuals, businesses, non-profit organizations, and government entities.

Acting as your custodian, we manage all necessary documentation and fund placement through the IntraFi network, ensuring a seamless experience.

How It Works
Interest Rate	Signature Bank sets the applicable interest rate
Withdrawal Limits	There is a six-withdrawal limitation per month for funds placed through ICS into money market deposit accounts
Placement	Your ICS placements can be added to your existing Signature Bank Online Banking profile so you can make manual transfers to and from your existing Signature Bank and ICS using the transfer function
Communication	Only with Signature Bank regarding your ICS placements and a monthly statement
Timeline	Each business day, funds placed through ICS are divided into amounts under the FDIC insurance maximum and are placed with other network member banks
End of Year Reporting	Year-end 1099 tax form provided

Next Steps

Complete the Deposit Placement Agreement (DPA), Custodial Agreement, and any other required forms.
- You may exclude certain banks from receiving your funds during the placement process by adding them to an Exclusions List.
Transfer the desired amount to be placed through ICS into money market deposit accounts at network banks.

Certificate of Deposit Account Registry Service, CDARS

Your funds are placed into CDs at network banks. Standard CD terms are 4-week, 13-week, 26-week, 52-week, 2-year, and 3-year. Early withdrawal penalties apply. You will receive one consolidated statement of all CDARS placements.

CDARS

Access to Safety and Simplicity at Signature Bank

Signature Bank’s partnership with IntraFi enables us to offer Certificate of Deposit Account Registry Service, CDARS, to our clients. This unique service provides access to millions in aggregate FDIC insurance coverage for funds placed across network banks in Certificates of Deposit (CD). CDARS is available to individuals, businesses, non-profit organizations, and government entities.

Signature Bank collaborates with you to determine the most suitable CD amount, term, and rate that aligns with your needs. Acting as your custodian, we manage all necessary documentation and fund placement, ensuring a seamless experience.

How It Works
Terms	4-week, 13-week, 26-week, 52-week, 2-year, and 3-year
Interest Rate	Signature Bank sets the interest rates on each CD based on term
Placement	Deposits are allocated to banks that participate in the IntraFi network, up to $250,000 per bank Early withdrawal penalties apply
Communication	Only with Signature Bank and receive one consolidated statement of all CDARS placements
Cutoff Times/Timeline	Tuesday by 5:00 PM ET: Documentation completed and funds available. Wednesday: Transactions placed on this day only. Thursday: CDs officially opened once placements are solidified. Friday: Clients receive statements confirming CD placements, member banks, and amount Statements are sent monthly, thereafter
End of Year Reporting	Year-end 1099 tax form provided

Next Steps

Finalize the CD amount, term, and rate that best aligns with your needs.
Complete the Deposit Placement Agreement (DPA) and a Custodial Agreement.
- As part of the DPA, at your discretion, certain banks may be excluded from receiving your funds during the placement process.
Deposit the funds you wish to be placed through CDARS in your Signature Bank checking or savings account, prior to the scheduled placement day. Funds will then be placed through CDARS into the CD.

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, CDARS, and Certificate of Deposit Account Registry Service are registered trademarks of IntraFi LLC.

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, IntraFi Cash Service, CDARS, and Certificate of Deposit Account Registry Service are registered trademarks of IntraFi LLC.

Deposit Insurance Solutions

ICS, the IntraFi Cash Service Demand Deposit Accounts (DDA)

ICS, the IntraFi Cash Service Money Market Deposit Accounts (MMDA)

Certificate of Deposit Account Registry Service, CDARS

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