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Insured Cash Sweep

Insured Cash Sweep (ICS) service is a smart, secure and convenient way for bank customers to access multi million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility. ICS deposits are sent to ICS Network banks.

With ICS accounts you can:

  • Enjoy Peace of Mind. Make even large deposits eligible for protection that’s backed by the full faith and credit of the federal government through a single bank relationship.
  • Earn Interest. Put excess cash balances to work by placing funds into demand deposit accounts using the ICS demand option or into money market deposit accounts using the ICS savings option.
  • Save Time. Work directly with just our bank – a bank you know and trust. Forego opening accounts under different insurable capacities or managing multiple bank relationships. Receive just one monthly statement from us summarizing your account activity and balances. And, if you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.
  • Access Funds. Make up to six program withdrawals per month using the ICS savings option.
  • Real Time Access. Enjoy 24/7 online access to account information. View your balances, transactions, interest and other important details associated with your deposit accounts online.
  • Support Your Community. Feel good knowing that the full amount of your funds placed through ICS stay local to support lending opportunities that build a stronger community.

ICS Account Frequently Asked Questions:

What is an ICS deposit?

Through an ICS, you can earn interest on funds placed into demand deposit accounts, money market deposit accounts, or both, and rest assured knowing that your ICS funds are eligible for multi-million dollar FDIC insurance.

How does banking with ICS work?

When your bank places funds for you using ICS, your deposit is sent from your transaction account at First National Community Bank into deposit accounts at other ICS Network banks in amounts below the standard FDIC insured maximum of $250,000. This makes your funds eligible for FDIC insurance protection. As a result, you can access FDIC insured coverage from many institutions while working directly with First National Community Bank.

How do I keep track of my ICS account balance?

With an ICS account, you will receive regular monthly statements from First National Community Bank for each option showing your ICS deposit balances and other key information.

Additionally, you can check your ICS statement and track important information of interest to you online anytime through a specially designed Depositor Control Panel.

Is my information secure with an ICS?

Your confidential financial information remains protected with an Insured Cash Sweep and backed by FDIC insurance.

How do I begin using the ICS service with First National Community Bank?

To get started with your ICS account, you’ll first need to visit any First National Community Bank branch location and sign an ICS Deposit Placement Agreement and a custodial agreement with First National Community Bank. For a list of locations, visit:

After this, you will identify a checking account or other transaction. You may select an existing account or set up a new one to be used with each ICS option you choose.

Then, you will place funds through the Insured Cash Sweep by working directly with First National Community Bank. We will do the legwork without charging customers any fees. Funds will be sent between your account(s) at First National Community Bank and other ICS Network Institutions.*

If you have any questions about FDIC insurance and its coverage, please visit:

*Based on triggering events as set forth in the ICS Deposit Placement Agreement you enter into with our bank. Deposit placement is through Certificate of Deposit Account Registry Service® (CDARS) or ICS and is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi banks appears at The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.

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