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Insured Bank Deposit Sweep Program

The Insured Bank Deposit Sweep Program allows eligible IB clients to obtain up to $2,500,000 ($5,000,000 for joint accounts) of FDIC insurance in addition to existing $250,000 SIPC coverage for total coverage of $2,750,000 ($5,250,000 for joint accounts).

Who is eligible for the Insured Bank Deposit Sweep Program?

You can access this page if you are a(n):

• Individual account without a designated transfer-on-death beneficiary
• Joint account
• IRA (excluding Interactive Advisors IRAs)
• Organizational account

To enroll in the Insured Bank Deposit Sweep Program

1. Click Settings > Account Settings and locate the configuration section.

2. Click the icon.



The Insured Bank Deposit Sweep Program page appears.

3. Click the toggle button to Yes and click Continue.
4. Read and sign the clearing agreement to authorize the program.

5. Click Continue to save your preference, then click OK to return to the Account Settings page.

To Change or Opt Out of the Insured Bank Deposit Sweep Program

1. Click Settings > Account Settings and locate the configuration section.
2. Click the icon.
3. Uncheck any of the banks participating in the Insured Bank Deposit Sweep Program to discontinue using them. Click Save.



4. Click Opt Out to exit the program.