If you have an ICS account through us, you can track your ICS finances with monthly statements or online banking. We provide all the critical information you need, including deposit balances, in one convenient location.
Insured Cash Sweeping simplifies banking by consolidating deposits into one statement, eliminating the need to monitor multiple accounts across different banks. This unified statement also offers transparency by detailing the banks where funds are deposited. We offer safety-conscious customers access to multi-million-dollar FDIC insurance.
An Insured Cash Sweep (ICS) account gives you an innovative, secure and convenient way to access FDIC protection on your large deposits. This banking option works by sending deposits to other ICS Network banks in amounts less than $250,000, the FDIC-insured maximum. By splitting your deposits automatically, this banking option makes you eligible for FDIC protection without the need to monitor accounts across multiple banks.
This business banking account provides several benefits, including:
At Presence Bank, we’re committed to your business success, including helping you manage your money more effectively. We offer extensive cash management services that allow you to do everything from paying recurring bills to outfitting your business with point-of-sale systems.
Your business matters to you, and it matters to us, too. As a local community bank, we care about your success and strongly emphasize partnering with you to achieve your business financial goals. Our bank began in 1919, and we use our extensive industry expertise to benefit you by educating you about your financial options. We also provide safety for business banking as a state-chartered FDIC bank.
Presence Bank exists to help you thrive. We’re passionate about building relationships with you that carry you from the day you first open your doors through every coming milestone. Work with a bank that cares about your financial success.
Learn more about this banking option with these commonly asked questions.
If you have an ICS account through us, you can track your ICS finances with monthly statements or online banking. We provide all the critical information you need, including deposit balances, in one convenient location.
Yes, you will still have access to your business funds, even if they get swept to another bank. You have the freedom to take out or invest funds as you conduct business.
