Advancing Communities Together
Deposit Program
Keep Your Deposits Secure and Support Communities in Need
A Mission-Critical Initiative
The ACTSM Deposit Program enables customers to deposit funds into mission-driven banks — like ours — using the
IntraFi Cash serviceSM, or ICS®. By having deposits placed in the ACT Deposit Program, a depositor can support growth in the communities of multiple community banks while working directly with just one.
Your deposits enable banks to extend vital loans into our community. These loans drive crucial initiatives, such as facilitating affordable housing, supporting small businesses, generating employment opportunities, and expanding neighborhood facilities that deliver essential services to low-income families.
Community development financial institution (CDFI) banks and minority depository institution (MDI) banks face continual challenges to attract sufficient funding.
The creation of the Emergency Capital Investment Program (ECIP) helped accelerate growth for some CDFI and MDI banks, however, there is still a greater need to grow deposits for all.
The ACT Deposit Program was
developed by the Community Development Bankers Association (CDBA), National Bankers Association (NBA) and IntraFi.
Program Overview
The ACT Deposit Program enables customers to deposit funds into demand deposit accounts at mission-driven banks using ICS.
ICS is a smart, convenient way to safeguard your large deposits. With ICS, you work with just one bank to access millions in FDIC insurance from participating network banks.
- When your organization places funds, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and placed in deposit accounts at other FDIC-insured banks that participate in the IntraFinetwork.
- The ACT Deposit Program banks (CDFI and MDI banks) make up a subnetwork of the IntraFi network. Your deposit is prioritized for placement in the subnetwork. A portion of your deposit may be allocated to IntraFi network banks that are not Program Banks.
- You can receive one monthly statement detailing all your placements, and, as always, your confidential information remains protected.
Program Benefits
Access FDIC insurance at IntraFi network banks and benefit many socially motivated Program Banks while working directly with just one.
Help support many
underserved communities
Advance your socially
responsible investing goals
Earn interest at the
ACT Deposit Program rates
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