With ICS You Can...



Have Peace of Mind

Relax knowing that your funds are covered by FDIC insurance - protection that's backed by the full faith and credit of the United States government.

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Save Time

By working directly with us  you won't have to worry about managing multiple bank relationships and moving money around to ensure coverage.

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Earn Interest

Maintain access to your funds placed into demand deposit accounts and keep earning interest on your balance.

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Support Growth

Your funds stay in the community to fund loans for businesses and families - building a stronger community1.

How does ICS work?


Osgood Bank is a members of the IntraFi network. When we place your deposit through ICS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The amounts are then placed into deposit accounts at multiple FDIC-insured banks. As a result, you can access FDIC coverage from many institutions while working directly just with us.


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Your principal and interest are eligible for FDIC insurance, you can access key details about your accounts online, 24/7,

and, as always, know that your confidential information is protected.

Getting Started Is Easy!


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Designate An Account

Identify a checking account or other transaction account to use with ICS. You may select an existing account or open a new one with us.

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Complete The Paperwork

Nothing is official until you sign the dotted line. We'll need you to sign the applicable agreements. 

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Make Your Deposit


When placing funds through ICS, you work directly with Osgood Bank. We do all the legwork. At your direction, funds will be sent from your transaction account at our bank to deposit accounts at other FDIC-insured institutions. 

Get Answers To Common ICS FAQs

How Does ICS Work?

Let’s say you have a one-million-dollar sum to deposit. You may not want to risk losing money in the stock market, but you also want to earn interest. With ICS, you can deposit the entire sum with your primary bank, such as Osgood, a bank you already know and trust. Your deposit is divided into amounts up to $250,000 (the standard FDIC maximum) and transfer these smaller deposits to ICS Network banks (who are all FDIC-insured)

Why Does ICS Work?

The FDIC will insure up to $250,000 of an individual’s deposit accounts at an FDIC-insured financial institution. There is no limit on the amount of money you can receive FDIC protection on; the limit is per bank, not per person. So, you could manually open deposit accounts at different banks in order to obtain FDIC insurance on a total larger sum. The benefit of enrolling in ICS is that we will do that for you, saving you time and hassle. Instead of receiving multiple monthly statements, you’ll just get one, and you can check your balance online through your primary institution at any time. All the while, you get to work with the same bankers you already have a relationship with.

Can I Access ICS Accounts Online?

Yes, the Deposit Control Panel (DCP) is a secure website specifically created to help you manage your ICS account(s). Although we do the legwork for you, we want to ensure you maintain control. 

Using the DCP, you can:

  • Check your balance. Review your balance at each Destination Institution, including principal and accrued interest.

  • View where your funds could be placed. View the list of institutions where your funds could be placed. This list does not include institutions you have previously excluded.

  • Review and manage daily  proposed fund placements. You may review any placements on the Proposed Placement List. Depositor Placement Review (DPR) is available each business day from 3:00 to 3:15 pm EST.

  • Track monthly program withdrawals and view your transaction history. View the list of transactions for your account, including deposits, withdrawals, and capitalizations over the last 45 days. Balance and interest rate history for the past 45 days are also available.

 As always, you can always contact us with any questions.

How Do I Setup My Accounts Online?

The DCP is available at https://www.depositorcontrol.com/login

If you are creating a new DCP account, click "GET STARTED."

Next, enter the applicable information to verify your account including:

  • any transaction account number associated with your IntraFi Network Deposits account(s),

  • last four digits of your tax ID/SSN, and

  • email address associated with your account.

Please create a new username and password, then click "VERIFY AND CREATE MY ACCOUNT."

You will receive an email from no-reply@depositorcontrol.com to verify your account. If you do not receive the email, check your spam folder. Once you click the verification link in the email, it will take you back to the login screen to enter your username and password. 

[1] Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restrictions. IntraFi and ICS are registered service marks of IntraFi Network LLC.