Deposits in the Ramp Business Account are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law. This insurance coverage is provided through First Internet Bank of Indiana, a Member FDIC institution, and enhanced by the ICS (Insured Cash Sweep) service provided by IntraFi Network LLC. The ICS service places deposits into FDIC-insured bank accounts across a network of banks, allowing for multimillion-dollar FDIC insurance coverage. To qualify for pass-through FDIC deposit insurance coverage, deposit accounts at FDIC-insured banks in IntraFi’s network must be titled and maintained according to FDIC regulations.
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