FDIC Insured Sweep Program

An FDIC insured deposit sweep program tailored to meet your needs

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FDIC Insured Sweep Program

An FDIC insured deposit sweep program tailored to meet your needs

Contact us

Dedicated Team

Dedicated FDIC insured sweep operations and development teams with the expertise to design and build out a customized insured deposit program that meets your needs.

Operational Ease

UMB handles operational tasks, making it easy for your firm to participate.

Proven Platform

UMB’s proprietary FDIC Sweep Program launched in 2007 and serves over 5 million investor accounts and growing.

UMB's FDIC sweep program

Our proprietary technology, supported by a dedicated team and resources, offers both financial intermediaries and banks the flexibility to develop and tailor a FDIC insured sweep program to meet your needs. With UMB, you benefit from a scalable platform that is designed with operational efficiency in mind.

How can an FDIC insured sweep program help you?

Insured sweep program for financial intermediaries:
With the UMB platform, financial intermediaries can offer their clients a liquid alternative to money market funds with expanded FDIC insurance coverage by automatically sweeping uninvested cash balances into interest-bearing accounts at one or more participating program banks.

Insured sweep program for banks:
Our easy-to-manage program provides community and regional banks and G-SIB's with a cost-effective and stable source of uncollateralized wholesale funding in amounts ranging between $5 million and several billion. Your bank determines the funding levels that best suit your specific balance sheet strategy.

Connect with the UMB FDIC insured sweep program experts today.

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Questions about FDIC sweep programs? UMB Has Answers.

Institutional & Fintech Banking Solutions

Our large-scale banking solutions include deposit services for checking, saving, and investment accounts, and they support electronic payments, as well as check or card transactions. This includes insured deposit accounts with expanded FDIC insurance and more.

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Institutional Banking

UMB Institutional Banking combines all our institutionally focused capabilities into one cohesive unit. We provide solutions for the entire institutional marketplace.

Discover why UMB for your institution