What if my balance at an assigned program bank exceeds the FDIC insurance coverage limit?

If you exceed the FDIC coverage limit at a bank assigned to hold your deposits, you can opt out of that bank via the tools in the Client Portal:

  1. Log in to Client Portal.
  2. Click the User menu (head and shoulders icon in the top right corner)
  3. Click on Settings
  4. Click on Account Settings find the Account Configuration section
  5. Click Insured Bank Deposit Sweep Program.
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What is the Insured Bank Deposit Sweep Program and how does it work?
What is the risk, if any, in joining the Insured Bank Deposit Sweep Program?
How do I restrict deposits with an Insured Bank Deposit Sweep Program participant?