If you are a depositor of public funds and want to use the ICS service...

The law of your state must permit the use of services such as ICS for deposits of public funds. Search for your state below to see if ICS is enabled for public finds. Select a state to see the state-specific law enabling ICS for deposits (where applicable) and a list of banks that offers ICS.

Infographic: ICS Usage by State

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Montana VT NH MA RI CT NJ DE MD HI DC
yellow ICS demand & savings options enabled for public funds
green Only ICS savings option enabled for public funds
grey ICS not yet enabled for public funds

For specific regulations in states where Insured Cash Sweep service is not yet authorized for deposit of public funds, please contact us at (866) 776-6426.
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 funds through Insured Cash Sweep, or a specific Insured Cash Sweep transaction, satisfies those restrictions.
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