Demand Deposit MarketplaceSM

Cash Sweep Plus Expanded FDIC Protection

Offered exclusively through Intrasweep, Demand Deposit Marketplace takes cash sweeps a quantum leap forward through patented* and patent-pending technologies. Your bank can fully manage its liquidity needs by sending excess deposits to other network banks, receiving reciprocal deposits when and to the extent needed, or receiving additional deposits—all from the same program.

Send or Receive Deposits—Or Both

  • Become a "Sending Bank" and create a new income stream for your bank by sending excess liquidity to other network banks for a fee
  • Become a "Reciprocal Bank" to offset the funds you send to other network banks to expand the FDIC protection for your customers
  • Become a "Receiving Bank" and receive additional deposits from other banks as needed to fund loan demand

Your bank has the ability to control its participation in the Demand Deposit Marketplace network and change its role as necessary. Your bank's control over its liquidity and deposits can be taken to the next level with this new cash sweep.

Benefits to Your Bank

  • Provide expanded FDIC protection and 100% liquidity to all customers, including municipalities, corporate/commercial, and non-profit customers, as well as high-net-worth households
  • Pay interest on excess business checking balances through a fully compliant sweep
  • Reduce your bank’s administrative burdens through automatic transfers
  • Profitably supplement your repo program, or even replace it
    • Eliminate the need to deal with burdensome new FDIC sweep program rules
  • Expand existing customers' relationships by consolidating their multiple banking relationships into single accounts with your bank
  • Fund local loan demand and contribute to your community’s growth

Benefits to Your Customers

  • Receive expanded FDIC protection on their deposits, regardless of their category of legal ownership
  • Enjoy 100% liquidity. Funds are accessible through a money market deposit account—they are never locked up in certificates of deposit
  • Earn interest on their idle balances in business checking accounts
  • Work with their trusted bank and staff instead of managing multiple banking relationships
  • Opt-out of banks where they do not want their monies to be deposited (or where your bank does not want their monies deposited)
 
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* U.S. Patent No. 7,536,350, Systems and Methods for Providing Enhanced Account Management Services for Multiple Banks.