FDIC-Insured - Backed by the full faith and credit of the U.S. Government.
  1. Home
  2. Business
  3. Payments & Processing
  4. Insured Cash Sweep (ICS)

Insured Cash Sweep (ICS)

When you have a large amount of cash to invest, but you want the peace of mind you get with FDIC insurance, an Insured Cash Sweep is a perfect solution. Your large investment is broken into amounts under the FDIC limit and placed into multiple banks. You sign one agreement with First United and we take care of the rest. You can still easily access your money, or possibly leave it alone to accrue interest.

  • Multi-million dollar FDIC insurance
  • Maintain fast access to your cash
  • Earn competitive market interest on select accounts

I had seen a story on the news about people stealing and manipulating checks from the post office. After sending a whole batch of checks from my business account, I accessed First United Bank & Trust’s Positive Pay service and avoided check fraud of over $12,000, right from my phone. Thank goodness for Positive Pay!

Dr. Ken R. Buczynski, MD
Wellspring Family Medicine, PC