The FDIC insures up to $250,000 of a customer’s deposit accounts in a given insurable capacity at an FDIC-insured depository institution. Your ICS funds are divided into amounts under the standard FDIC maximum and placed with other ICS Network members—each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. By working directly with our bank, you can access insurance through many. You do not pay a fee to use this service, and you receive just one consolidated, monthly account statement from us. (You can also see, online, where your funds are at all times.)

You can make unlimited program withdrawals using the ICS demand option and up to six program withdrawals per month using the ICS savings option.

Funds placed through ICS are deposited only in FDIC-insured banks. We act as custodian for your ICS deposits, and the sub-custodian for ICS deposits is BNY Mellon.

Through ICS, funds are placed with other ICS Network members, and those Network members provide you with access to the additional FDIC insurance coverage. Working directly with just our bank, you can access coverage through many.

You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.

The standard FDIC insurance maximum is $250,000 per insured capacity, per bank. To protect a larger deposit, you could run around to multiple institutions to deposit your funds, or you could require a bank to collateralize your deposit and track changing collateral values on an ongoing basis. Alternatively, you can place your large-dollar deposit with us, a member of the CDARS Network. Your deposit is divided into smaller amounts and placed with other CDARS Network members, each an FDIC-insured institution. Then, those member institutions issue CDs in amounts under $250,000, so that your deposit is eligible for FDIC insurance at each member bank. By working directly with us, you can access coverage from many (and receive just one regular statement).

Funds placed through CDARS are deposited only into FDIC-insured banks. We act as custodian for your CDARS deposits, and the subcustodian for CDARS deposits is the Bank of New York Mellon (BNY Mellon). 

Unique to CDARS, you as a depositor can obtain a confirmation of records maintained by BNY Mellon as subcustodian to reconcile those records with the statements received from us. At any time, as often as desired, you as a depositor can obtain a certified statement from BNY Mellon that confirms the exact amount of your CDs, including principal balance and accrued interest, for each FDIC-insured institution that issues a CD through CDARS. 

You can submit a request for the certified statement, along with BNY Mellon’s processing fee, through us. BNY Mellon will send the certified statement directly to you or to another party designated by you, such as an auditor.

When we exchange deposits with other CDARS Network members on a dollar-for-dollar basis, the same amount of funds placed through the Network returns to us. As a result, the total amount of your original deposit can remain with our bank and be used for local lending. (CDARS Reciprocal transactions only.) ²

You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.

Most of the banks that have failed in the United States in recent years were not CDARS Network members or did not hold any CDARS deposits when they failed. When a Network member has failed, the bank’s CDs issued using CDARS in most cases have been transferred to a healthy institution—the FDIC’s preferred method for handling bank failures. In cases where the FDIC has been unable to find a healthy institution willing to accept such a transfer, it has arranged for the payment of the insured principal and accrued interest to the depositors. This payment has usually occurred within a matter of days.

Send a professional invoice and get paid — all in the same place.

Customized invoice includes branding
Create a professional‑looking invoice with your business logo and colors in just a few minutes. Your financial institution’s logo is included at the bottom for added credibility.

Wide range of digital payment options
Let customers easily pay you online with any major credit card (including American Express®), debit card, or via ACH electronic bank transfer.

All payments deposited into checking
Get paid directly into your checking account within two business days — no need to transfer your money from external payment acceptance apps.

Easy invoice automation and tracking
Always know exactly who’s paid and who’s due. Set up recurring invoices so you can automate your process and automatically add late fees for past due invoices.

View Autobooks Invoicing

Share a secure payment link by text, or place it on a web page.

Secure payment form accessed via a unique URL
When you enroll, you’re assigned your own unique URL to a secure payment form. This link can be shared by text (SMS) and email, or added to any web page or social media profile.

Detailed payment/donation history readily available
Payments are listed chronologically, with the most recent at the top. Filter the list to find specific payments. Generate a spreadsheet if you need it, and export with one click.

Pay now language can be adjusted for nonprofits
If you run a church or nonprofit, there’s no need to alienate members — quickly update verbiage to take donations or contributions instead.

All payments deposited into checking
Get paid directly into your checking account within two business days — no need to transfer your money from external payment acceptance apps.

Take customer payments on the spot or over the phone.

Payment form doubles as an in‑app terminal
When you’re ready to take a digital payment, just access your payment form inside online or mobile banking, and enter the payment details yourself.

Free standalone mobile app available for Apple or Android
Download the free Autobooks app, via the App Store or Google Play, and access your unique payment form anytime you need to collect a payment.

Transparent processing fees in comparison to non‑bank apps
When you’re a small business, you need to know exactly what you’re paying. Our rates are comparable to popular payment apps, but there are never any hidden fees.

All payments deposited into checking
Get paid directly into your checking account within two business days — no need to transfer your money from external payment acceptance apps.

Display your unique QR code to make it easier for customers to pay.

Reusable QR code is ready to download
Access a reusable QR code inside online or mobile banking. Download and store in your device for easy retrieval, or just print it and display in a prominent location.

Ideal for busy events
QR codes are ideal for in-person events where you plan to meet with multiple customers or donors — farmers’ markets, fundraisers, you name it.

For paper and static invoices
If you send PDF invoices and other billing communications to customers, don’t forget your Autobooks QR code. It doesn’t make a difference if it’s a paper or email invoice.

Add on full financial management functionality when you’re ready.

Real‑world accounting tools prioritize simplicity
Keep track of your business directly inside online banking and mobile banking. Stop having to rely on pen and paper, spreadsheets, or overly complex accounting software.

Automated reporting to keep everything up to date
When you get paid or pay a bill, let Autobooks update your business reports automatically. Also get profit and loss reporting that tracks your income and expenses, balance sheet, and more.

Cash flow management to track incoming and outgoing
Track your account balance right alongside your incoming and outgoing payment information. Includes scheduled payments, coming due, and past due payments.

Business bill pay to keep expenses top of mind
All bills managed in one place: create, track, and schedule. Users can create a list of vendors, then simply set up and schedule payments and track who they’ve paid and who’s coming up.