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STATEMENT REGARDING THE SAFETY OF INSURED DEPOSITS Read More >

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Kevin Bannerton
Partner, Head of Product
3 University Plaza, Suite 605
Hackensack, NJ 07601

media@totalbanksolutions.com

1-866-237-2752
info@rnt.com
1370 Broadway, 17th Floor
New York, NY 10018

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© 2023 Total Financial Solutions, LLC | Privacy Policy

Copyright © 2022 Total Financial Solutions, LLC (d/b/a Total Bank Solutions®). All rights reserved. Total Financial Solutions, LLC and/or its affiliates (“TBS”, “us” or “we”) provide administrative and/or recordkeeping services with respect to the Total Bank Solutions® Insured Deposit Program (“IDP”), as well as other products and services, including the TBS Bank Monitor® service and the Securities Based Loan program. All of our services are provided subject to the terms and conditions of the written agreements entered into by us with respect thereto, and we provide no representations or warranties, express or implied, except as expressly set forth in those agreements. We are not a depository, bank or credit union and the sweep and other programs we administer are NOT, themselves, FDIC-insured products. Rather, under the sweep and other programs we administer, a participating institution can sweep its (and/or its customers’) funds to and/or from deposit accounts at receiving banks or institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) for up to the current standard maximum deposit insurance amount (“SMDIA”) of $250,000 per eligible depositor, per receiving institution, for each ownership capacity or category, including any other balances the depositor may hold at that receiving institution directly or indirectly through other intermediaries, including broker-dealers. FDIC and NCUSIF insurance coverage is only available to protect a depositor against the failure of a participating FDIC- or NCUSIF-insured bank or other institution (and not to protect against the failure of TBS or other party). Click here for a list of the banks and savings associations with which we have a business relationship for the placement of deposits under the sweep and other programs we administer, and into which a participating institution may place deposits (subject to the terms of those programs and any opt-outs by the participating institution and/or their customers). Participating institutions’ customers should contact their participating institution to receive the list of banks and other institutions into which the customers’ funds may be placed pursuant to the particular program offered to them by their participating institution. The services we provide with respect to the sweep and other programs administered by us are primarily designed to provide administrative convenience for our financial institution clients to offer expanded FDIC insurance on customer funds. The services we provide are not designed to provide customers with investment enhancements, or higher rates of returns or profits on their funds. Total Bank Solutions® and TBS Bank Monitor® are registered marks of Total Financial Solutions, LLC.