What Does the New Reciprocal Deposit Legislation in the Housing Act Mean for U.S. Banks?

The inventor of reciprocal deposits, IntraFi® is a trusted partner chosen by more than 3,000 financial institutions nationwide to help its network participants build stronger customer relationships, fund more loans, earn fee income, and seamlessly manage liquidity. IntraFi began with a simple premise: a network of banks could benefit all. That premise became our purpose and has helped drive us for more than 20 years. The IntraFi network (the largest of its kind) gives member banks access to tens of billions of dollars in funding, the highest per-depositor and per-bank capacity for deposits, and the peace of mind of being able to place large-dollar deposits. IntraFi’s solutions include ABA Endorsed solutions, ICS®, the IntraFi Cash Service®; CDARS®, the Certificate of Deposit Account Registry Service®; and IntraFi SweepSM. IntraFi also offers IntraFi Yankee Sweep® and IntraFi RepoSM.