Create a New Income Stream
Intrasweep's Demand Deposit MarketplaceSM enables your bank to create a new income stream by becoming a "Sending Bank." Your bank can solve its excess liquidity costs by sending its excess deposits to other network banks and earn fees.
Benefits to Your Bank
- Earn fee income and improve profitability by sending excess deposits to other banks
- Reduce your bank’s exposure to deposit insurance premiums
- Improve return on capital
- Diversify income sources
- Reduce or eliminate the entire repo process and collateralization
How It Works
- Your customers deposit funds as usual at your bank
- On a nightly basis, your bank determines if it has excess deposits that it would like off its balance sheet
- Deposits in an amount of your choosing are swept to FDIC-insured accounts at other network banks
- Your bank sets the interest rate your customers will receive for their deposits
- Your bank receives income based on the deposits you send to the program