Keeping Millions Fully FDIC-Insured at One Bank: How ICS and CDARS Reciprocal Deposits Work
FDIC insurance covers $250,000 per depositor, per bank, per ownership category — so an $800,000 business account leaves $550,000 uninsured. Reciprocal deposit networks like IntraFi's ICS and CDARS split a large balance into under-limit chunks across thousands of member banks while you keep one relationship and one statement. Here are the mechanics, the costs, ICS vs. CDARS, the overlap trap that quietly leaves money uninsured, and the bookkeeping that proves your coverage.
