Depository Institutions

Depository Institutions


FICA Funding

FICA Funding is designed to provide banks a stable, cost-efficient alternative to expensive traditional branch deposits or other funding sources. Through the FICA Funding Network, StoneCastle enables any bank, regardless of size or geography, to gain access to institutional depositors who control more than $3 trillion of cash.

1. Easy to use

StoneCastle opens a single standard business money market or savings account.

2. Flexible

Banks can request funds or return funds as needed - same day with no fees charged. Our team of professionals will tailor a deposit solution that fits each bank’s needs.

3. Safe

StoneCastle’s funds come from thousands of diversified AML/BSA pre-screened corporate, municipal and institutional depositors.

Other Funding Solutions

Institutional Cash Account (ICA®)

Institutional Cash Account (ICA®) provides banks access to large-dollar deposits from institutions located throughout the U.S. that have significant cash holdings. We have relationships with more than 1,700 Fortune 500 corporations, university endowments, foundations, and public funds that continually seek ways to diversify their treasury cash balances. Ideal for banks that are larger than $25 billion in total assets.

Bulk Insured Deposit Services (BIDS)

Bulk Insured Deposit Services (BIDS) provides banks with term funding (typically 1-7 years) from non-depository administrators, such as employee benefit and health plans. The BIDS program aggregates funds from thousands or even hundreds of thousands of underlying benefit plan holders.
BIDS Fact Sheet

Liquidity Solutions

FICA For Banks

The FICA For Banks program provides an outlet for excess liquidity. By moving excess deposits in the program, participating banks can serve and retain deposit customers that would otherwise burden the bank’s balance sheet and concentration limits. The customer relationship remains with the bank, while deposits placed into the program avoid capital charges. Banks in the program earn fee income on the balances, while the bank’s customers benefit from 100% FDIC insurance up to $25 million per tax ID.
FICA for Banks Fact Sheet