Additional Services

Advancing Communities Together (ACT) Deposit Program

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Protect Your High-Level Accounts While Supporting Your Community

Safe. Simple. Socially Responsible.

Your deposits over $250,000 can be eligible for FDIC insurance through one bank relationship with Sunrise Banks by enrolling in the ACTSM Deposit Program (an IntraFi Insured Cash Service or ICS®).

How does ACT work?

Similar to our ICS service, when we place your deposit through the IntraFi network, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 behind the scenes. The amounts are then placed into deposit accounts at multiple FDIC- insured IntraFi network banks while maintaining a single way to view and manage your funds—through your existing relationship with Sunrise Banks.

Learn more about the ACT Deposit Program and participating banks at IntraFi.

What makes ACT different?

When you participate in the ACT deposit program, your money stays within a subset of IntraFi network banks that are certified community development financial institution (CDFIs) and minority depository institutions (MDI) banks.

Deposits made into the ACT Deposit Program can provide CDFI banks like Sunrise Banks, and MDI banks with the funding to make loans.

Loans made by CDFI institutions like ours may include areas of focus like affordable housing, financing small businesses, creating jobs, and expanding neighborhood facilities that provide much-needed services for families with low and moderate incomes.

Through the ACT Deposit Program, you can:

  • Advance your socially responsible investing goals

  • Enjoy daily liquidity

  • Earn interest at the ACT Deposit Program interest rates

  • Access reports, available online 24/7, showing balances, transactions, interest, and other important details associated with your accounts

  • Save time with the ease of one bank relationship and one bank statement

Ready to Get Started?

Contact our Treasury Management team. Off Site Link

  1. Deposit placement through CDARS or ICS 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 network banks appears at https://www.intrafi.com/network-banks Off Site Link. The depositor may exclude banks from eligibility to receive its funds. IntraFi is a registered service mark, and Advancing Communities Together and ACT are service marks, of IntraFi LLC.