Ads
related to: intrafi banking
Search results
Results From The WOW.Com Content Network
Bank of New York Mellon (BNY Mellon) provides issuance, custody, settlement, and recordkeeping services for IntraFi. [ 3 ] [ 4 ] IntraFi has been ranked by the Washington Post as a top workplace in 2018, 2021, 2023 [ 5 ] [ 6 ] and in American Banker's list of Best Places to Work in Fintech 2018, 2021-2024, including first place in 2018 and 2021.
With IntraFi deposits, the customer’s local bank sets the interest rate that will be paid on the entire deposit amount, and the customer gets one consolidated statement from that bank. The FDIC has confirmed that deposits placed through deposit placement service offered by the IntraFi Network are eligible for “pass-through” FDIC insurance ...
For example, the online-only bank UFB Direct uses the IntraFi network to help its customers insure deposits up to $225 million. You can find out if your bank offers IntraFi Network services by ...
In 2021, the service was reconfigured with several others offered by IntraFi Network into IntraFi Network Deposits and IntraFi Funding. Financial institutions that offer the service can place the deposits received from their customers into interest-bearing savings accounts at other FDIC-insured banks in the Network.
For the most part, these limits are $250,000 per bank, per depositor. If you want to invest more than $250,000 , break it up between several banks or look for a financial situation that ...
The Insured Network Deposits (IND) service was a deposit sweep service for broker-dealers and other custodians of funds.In 2021, the service was reconfigured with several other services offered by IntraFi Network (formerly Promontory Interfinancial Network) into IntraFi Network Deposits, and IntraFi Funding.