Here’s a quick look at how the Demand Deposit MarketplaceSM program works:

Reich & Tang enters into agreements with FDIC-insured banks to source deposits from our clients’ customers.

  • We enter into agreements with many banks to receive deposits from our client’s customers.
  • We interface with our clients on a daily basis to track cash balance changes at the individual client account level.
  • We assign the cash balance of specific customers of our clients to specific FDIC-insured banks in increments of less than $250,000 – ensuring that an individual customer does not exceed the maximum allowable FDIC insurance per bank.

Cash balances from your customers’ accounts are swept daily into our program, where we use an innovative modeling technology to allocate the deposits among one or more program banks.

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CUSTOMER ACCOUNT

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DEMAND DEPOSIT MARKETPLACE

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ALLOCATION PROCESS

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FDIC-INSURED BANKS

$250,000 per bank up to $25 million per customer

No one bank receives more than $250,000** to ensure that your customers’ cash is fully protected at all times.

Each customer’s cash balance (whether savings or temporary liquidity pending investment opportunities) is accessible at any time and is FDIC-insured up to the total cash balances or the program maximum, whichever is less.

** In instances where customers’ cash balances exceed the program maximum, the amount exceeding the maximum may not be insured, and allocation to certain program banks may exceed $250,000.

Learn more about the Reich & Tang deposit, liquidity and funding solutions.

03 Process