IDC Deposits

  • idcd

Supporting Community Banks for Over a Decade

IDC Deposits was founded in May 2000 in Miami, Florida to create a system through which investors could make large deposits into a network of participating FDIC-insured banks, with just a single transaction while obtaining full FDIC insurance on the entire deposit. This network is now known as IDC’s Deposit Network®.

Today, IDC works with hundreds of banks and manages more than a half a billion dollars in assets.  We have achieved this by structuring our programs to provide benefits to both investors and financial institutions – for investors there are different deposit products, and for banks IDC provides funding solutions and the opportunity to generate fee income by offering our products to their customers.

Through our Internet-accessible transaction structure, IDC solves the logistical and administrative challenges associated with depositing large sums of money in multiple banks. This structure maintains full FDIC insurance on all deposits while offering a high degree of liquidity for investors.  All of our programs are supported by a legal opinion directly from the FDIC indicting that our structure provides the safety of FDIC insurance since there is a “pass through” of FDIC insurance to investors when they use IDC’s Deposit Network®.  IDC provides safety and liquidity through simple products and services that meet the needs of banks and investors.