Enhanced FDIC insurance via automated sweeps
Help customers access expanded FDIC insurance coverage through a single integration, without managing the sweep network yourself.
Turn excess deposits into expanded coverage
Expanded FDIC coverage
Offer customers access to millions in FDIC insurance coverage through participating institutions in the IntraFi network.
Single integration
Deposit sweep capabilities operate through the same infrastructure that powers your Cross River account program. No separate bank network integrations required.
Managed operations
Cross River handles deposit placement workflows, reporting, and execution so your team can stay focused on the customer experience.
Real-time placement visibility
Track deposit distributions across the IntraFi network through API endpoints. Customers see balances and institution placements on demand.
Maintained liquidity access
Full balance remains available for withdrawal. Swept funds don't restrict access, and customers transact as if deposits were in one account.
Daily automated settlement
Cross River and IntraFi exchange records and settle funds daily via wire transfer, maintaining accurate balances without manual intervention.
“Integrating an automated sweep feature from IntraFi directly into our offerings via APIs underscores the distinct value of our capability, enabling our clients to better serve their customers with greater peace of mind.”
Spotlight:
X Money
Cross River powers X Money as X becomes the first social media platform in the U.S. to embed FDIC-insured, interest-bearing accounts, a Visa debt card, and broader payment capabilities directly into its platform.
