High-Balance Deposit Protection for Frisco & North Texas
First Lonestar Bank offers access to FDIC insurance for accounts above the FDIC insurance limit ($250,000) through CDARS and ICS.
What is IntraFi?
IntraFi (formerly known as ICS and CDARS) is a secure financial service that allows businesses, non-profits, and public entities to protect large deposits—often totaling millions of dollars—with full FDIC insurance. When you place a large deposit with First Lonestar Bank, we use the IntraFi network to automatically spread your funds across other high-quality banks in increments under the $250,000 FDIC limit. This ensures your entire balance is protected, while you continue to work exclusively with your local Frisco banker and receive a single monthly statement.
The Security of a National Network with a Local Handshake
As your business grows, your cash reserves grow with it. Once you cross that $250,000 threshold, standard bank insurance doesn't cover the rest. In the past, business owners had to open accounts at multiple banks to stay protected. IntraFi changes that.
- Sleep Better at Night: Every penny of your hard-earned capital is covered by the full faith and credit of the U.S. government. Whether you have $500,000 or $50 million, we make sure it’s safe.
- One Relationship, Total Protection: You don’t have to manage ten different logins or chase down ten different tax forms. You deal only with us. We handle the "behind-the-scenes" work of moving the funds through the network.
- Support Your Local Community: Even though your funds are protected through a national network, the full value of your deposit can remain available for First Lonestar Bank to use for local lending right here in North Texas.
How IntraFi Works: One to Many
We believe your banking should be human-first, which means we do the heavy lifting, so you don't have to.
- The Deposit: You place your funds with First Lonestar Bank.
- The Split: Our secure system identifies the amount over the $250,000 limit and "places" those funds into other banks within the IntraFi network in small, protected increments.
- The Coverage: Because each increment is below the limit at each receiving bank, your entire balance is now 100% FDIC insured.
- The Result: You see your total balance on one statement and manage everything through your First Lonestar Bank digital banking portal.
Common Questions About High-Balance Protection
What is IntraFi?
IntraFi is a secure service that allows you to protect large cash deposits—often into the millions—with full FDIC insurance through a single bank relationship. At First Lonestar Bank, we use the IntraFi network to automatically divide your high-balance deposit into amounts under $250,000 and place them with other banks in the network. This ensures your entire balance is 100% protected by the FDIC while you continue to manage everything through your local Frisco team.
How does IntraFi benefit my business?
IntraFi gives your business total peace of mind by securing your large reserves without the hassle of managing multiple bank accounts. Instead of opening accounts at several different institutions to stay under the FDIC limit, you get the protection of a national network with the convenience of one statement and one point of contact. It saves you significant administrative time and ensures your hard-earned capital is always "working harder" in a safe, insured environment.
What kinds of deposit products are included?
IntraFi covers both liquid money market accounts and longer-term Certificates of Deposit (CDs). Whether you need the "Demand Option" (formerly known as ICS) for funds you might need to access quickly, or the "CD Option" (formerly CDARS) to lock in a rate for a set period, we can tailor the protection to match your business's cash flow needs.
Do I work directly with First Lonestar Bank?
Yes, you work exclusively with your local First Lonestar Bank team for all transactions, support, and reporting. Even though your funds are technically placed across a network of other banks for insurance purposes, you never have to contact them or manage multiple logins. We handle all the background coordination so you can enjoy the personal service of a North Texas community bank with the security of a nationwide network.
Does IntraFi affect liquidity?
No, using the IntraFi "Demand" option allows you to maintain full liquidity and access your funds just like a standard savings or money market account. You can withdraw your money whenever your business needs it for payroll, taxes, or expansion. If you choose the "CD" option, your funds will be held for a specific term, but we will help you choose the right mix of products to ensure you always have the cash you need when you need it.
Ready to protect your business reserves?
Contact First Lonestar Bank to get started! We are ready to help you secure your deposits today.
Call an FLB Associate or visit our branch in Frisco, TX!
CDARS
- With the CDARS® service, you can access multi-million-dollar FDIC protection by working directly with just our bank.
- Rest assured. Know that deposits well into the millions are eligible for FDIC insurance protection.
- Earn interest. Put cash balances to work in CDs.
- Keep it simple. Avoid opening multiple accounts with multiple institutions to protect your funds. Forgo the need to use repo sweeps, track collateral on an ongoing basis, and manually consolidate statements and disbursements from multiple banks.1
- Manage liquidity. Select from multiple terms to meet your liquidity needs.
- Support your community. Feel good knowing that the full amount of funds placed through CDARS can stay local to support lending opportunities that build a stronger community.2
1. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor's funds through ICS or CDARS, or a particular ICS or CDARS transaction, satisfies those restrictions.
2. When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use CDARS, our bank can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors' local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
Deposit placement through CDARS or ICS is subject to applicable agreements' terms, conditions, and disclosures. 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 network banks appears at https://www.intrafi.com/network-banks. 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.
Contact First Lonestar Bank to get started!
Call an FLB Associate or visit our branch in Frisco, Texas, today!
INSURED CASH SWEEP
ICS®, the IntraFi Cash ServiceSM, is a smart, convenient way for bank customers to access multi-million-dollar FDIC protection on large deposits, earn a return, and enjoy flexibility.
With the ICS service, you can:
- Rest assured. Make even large deposits eligible for protection that's backed by the full faith and credit of the federal government.
- Earn interest. Put excess cash balances to work by placing funds into demand deposit accounts, money market deposit accounts, or both.
- 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. If you are accustomed to collateralization, reduce the need to track collateral on an ongoing basis.
- Access funds. You can make unlimited withdrawals of funds placed into money market deposit accounts or up to six program withdrawals per month of funds placed into demand deposit accounts. Funds can be placed in one or both types of deposit accounts to best match your cash management and liquidity needs.
Deposit placement through CDARS or ICS is subject to applicable agreements' terms, conditions, and disclosures. 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 network banks appears at https://www.intrafi.com/network-banks. 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.
Contact First Lonestar Bank to get started!
Call an FLB Associate or visit our branch in Frisco, Texas, today!
