Who Can Use IntraFi Network Deposits?
Individuals with large deposits, businesses of all sizes, non-profits, government and municipal entities can all use IntraFi. Ask one of our Branch Managers, or your Cash Management or Government Banking Officer for more information.
The Benefits of the IntraFi Network through TruNorth Bank
- Safe. Unlock full FDIC insurance coverage for your checking, savings, money market, and certificates of deposit (CDs)—up to $285 million per relationship—through the IntraFi network.
- Simple. Unlock the benefits of a broad network of FDIC-insured institutions—while TruNorth Bank remains your single, trusted point of contact. Plus, you’ll earn a competitive rate of interest set by TruNorth Bank.
- Convenient. Unlock a streamlined experience—you won’t have to maintain more than one banking relationship and you can continue to use your existing bank accounts as you always have. Plus, you’ll always know where your funds are, with easy access through our digital banking platforms.
How it Works
When you enroll in IntraFi through TruNorth Bank, your applicable deposits are divided into smaller amounts that are under FDIC coverage limits and placed in multiple, participating banks in amounts below FDIC limits. However, even though your funds are placed at other institutions, TruNorth Bank remains your point of contact, providing a single statement and digital access to your accounts through Online Banking and our Mobile Banking app—providing you a single view of your full deposit relationship.
Make the Most of Your Coverage
Our entire team is here to help you review your accounts, explore your options, and recommend a combination of ownership categories to ensure your deposits can maximize FDIC insurance coverage based on your financial needs and goals.
Through TruNorth Bank, you will continue to have the convenience of 24/7 online access to your full account information. To learn more, contact a local Branch Manager or your Cash Management or Government Banking Officer.
