The sources of funds are clients of brokerages, clearing firms, RIAs, trust platforms and other financial intermediaries. Investor cash balances from deposits, trade settlement, and interest accrual, are “swept” daily into multiple FDIC insured banks in increments of up to $250,000 per tax ID per bank, enabling clients to receive high levels of FDIC insurance while providing network banks with a consistent source of funding through all market cycles.
StoneCastle enables your bank to be a part of one of the largest and dependable funding networks in the country, which may be a solution for:
Bruce Hinkle
Vice President, Bank Sales
brucehinkle@stonecastle.com
Tel: 347-887-0364