---
title: What are ICS accounts?
description: Our shadow accounts are Insured Cash Sweep (ICS) accounts, provided by the IntraFi network. This is for high-balance deposit account to provide supplemental depository insurance above the FDIC limit o
---

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# What are ICS accounts?

Our shadow accounts are **Insured Cash Sweep (ICS)** accounts, provided by the IntraFi network. This is for high-balance deposit account to provide supplemental depository insurance above the FDIC limit of $250,000.

Consumer and Businesses can have an ICS account. Customers setup here at Panacea, have a primary account (standard 8 digital account #) and an ICS Shadow account (account number is 99+\[account number\]). $250,000 lives in the primary account, and all balances above this are swept to the shadow account nightly. 

From a user's standpoint, they can transact on the entire balance in the Primary+ICS accounts, so are not limited to the balance of the Primary account alone ($250,000).

#### **User View (Dashboard)**

**![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-03-26%20at%202-27-58%E2%80%AFPM-png.png?width=688&height=323&name=Screenshot%202025-03-26%20at%202-27-58%E2%80%AFPM-png.png)**

#### **Transactability:**

When making internal transfers, the user will be able to see the available balance on the principal account + the sweep balance. 

![](https://help.panaceafinancial.com/hs-fs/hubfs/Screenshot%202025-03-26%20at%202-39-49%E2%80%AFPM-png.png?width=489&height=429&name=Screenshot%202025-03-26%20at%202-39-49%E2%80%AFPM-png.png)

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