How does banking with ICS work?
When you bank places funds for you using ICS, your deposit is sent from your transaction account at Twin Cedars 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 Twin Cedars Bank.
