Personal Banking
Reich and Tang
Personal Banking
Reich and Tang

Expanded FDIC Deposit Insurance Coverage through SpiritBank’s Demand Deposit Marketplace Account

SpiritBank participates in a program with other community banks where deposits within the Demand Deposit Marketplace Account in excess of the $250,000 FDIC insurance limit, are automatically allocated to other FDIC-insured banks in the program. This fully automated deposit allocation process enables you to receive millions of dollars in FDIC insurance while having access to all of your cash on a daily basis.


Receive millions of dollars in FDIC insurance protection through a single account – with up to $50 million in FDIC insurance.


Enjoy daily access to your funds with no transaction limits. Use debit cards, checks, ATM’s and wire transfers to access your cash when needed. Funds are always accessible and there are no penalties for withdrawals.


Consolidate multiple bank relationships into one convenient account to cut down on paperwork and the coordination of multiple monthly statements and confirmations.

Learn more about our Business Reich & Tang option here.

Funds participating in the Demand Deposit Marketplace Business Account are deposited into deposit accounts at participating banks, which are insured by the Federal Deposit Insurance  Corporation (FDIC) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through intermediaries, including broker-dealers. The total amount of FDIC insurance for your account depends on the number of banks in the program. If the balance in your account is greater than the FDIC insurance offered through the program, any excess funds will not be insured. The Demand Deposit Marketplace Business account is administered by Reich & Tang, one of the nation’s largest firms dedicated solely to deposit, liquidity, and cash management solutions.

Please read the Program Terms and Conditions carefully before depositing money into the program and for other important customer disclosures and information. To assure your FDIC coverage, please regularly review banks in which your funds have been deposited, and notify your bank immediately if you do not want to allocate funds to a particular bank or banks.