Shore United Bank can find a safe home for your surplus funds.
Insured Cash Sweep® gives businesses or organizations with larger cash holdings a convenient way to protect their money.
Although you deal exclusively with us, we distribute deposits above the FDIC maximum of $250,000 per account to other participating financial institutions. At that point, all your funds are insured and you maintain direct access to them through your Shore United Bank accounts.
- ICS is administered by the IntraFi Network, a trusted partner of more than 3,000 financial institutions in the U.S
- Your business or organization has peace of mind knowing all funds are federally insured
- You save time and support the local economy by having your entire banking relationship at Shore United Bank
- You maintain easy, convenient access to all your funds
ICS Users Include:
- Nonprofits
- Municipalities
- Public and private schools
- Other large-dollar depositors
