How the Holdings 3M Insurance Sweep Program Works
Keeping your business’s cash safe shouldn’t be complicated-or capped at $250,000. That’s why Holdings† partners exclusively with i3 Bank to offer a Business Account with expanded FDIC insurance, protecting your funds up to $3 million§. This means your deposits are shielded from risk, while you enjoy the flexibility, control, and peace of mind you deserve.
What Is an FDIC Sweep Program?
An FDIC sweep program is a cash management tool that automatically spreads your deposits across a network of FDIC-insured banks. This allows you to access coverage far beyond the standard $250,000 limit per depositor, per bank, per ownership category. With Holdings, your business isn’t forced to open multiple accounts at different institutions or juggle complex transfers-our sweep program with i3 Bank does the heavy lifting for you.
How it works:
When you deposit funds into your Holdings Business Account, those funds are “swept” daily into multiple partner banks, each member FDIC.
The sweep network ensures your balances remain protected-even as your business grows and your cash needs change.
You always have a single dashboard to view, manage, and move your money, even though it’s distributed for maximum protection.
Why Expanded FDIC Coverage Matters for SMBs
Traditional banks often leave businesses exposed. The standard FDIC insurance cap of $250,000 can be a real pain point for SMBs with higher balances-especially when you’re managing payroll, paying vendors, or saving for growth. Here’s why Holdings’ expanded coverage is a game-changer:
Up to $3M insurance: Your deposits are protected well beyond the usual limit, so you can keep more working capital in one place without stress.
Zero fees*, no minimums: Holdings doesn’t nickel and dime you with hidden fees or minimum balance requirements. Every dollar works harder for you.
Integrated financial tools: Banking, accounting, and bookkeeping all live in one platform-no more juggling separate software or reconciling accounts by hand.
Peace of mind: With up to $3 million in FDIC insurance, you can focus on growing your business, not worrying about bank failure or insolvency.
How Holdings’ Expanded FDIC Coverage Works
Let’s break down exactly how Holdings and i3 Bank keep your business funds protected:
Deposit funds into your Holdings Business Account.
Whether it’s revenue from your point of sale, wire transfer, or direct deposit, your money lands in your account and is ready to work for you.
Funds are swept daily into multiple partner banks.
Each partner bank is a member of the Federal Deposit Insurance Corporation (FDIC), so your deposits are insured up to the program limit.
The sweep program automatically manages the distribution, so you don’t have to worry about manually moving money or tracking balances across institutions.
Coverage scales up to $3 million.
As your business grows and your balances increase, the sweep network adjusts automatically to ensure you’re always protected.
You can view and manage all your funds in one place, right from the Holdings dashboard.
Instant access and control.
Even though your funds are distributed for safety, you can view, transfer, and manage them instantly from your Holdings dashboard.
Need to pay invoices, run payroll, or transfer funds? It’s all at your fingertips.
Real-World Example: How Holdings Protects a Growing Business
Imagine you’re running a fast-growing digital marketing agency. You just landed a big contract, and your client paid a $500,000 deposit via wire transfer. With a traditional bank, only $250,000 of that would be insured-leaving the rest at risk in the event of bank failure.
With Holdings:
Your $500,000 is automatically distributed across partner banks, each with its own FDIC insurance.
If your balance grows to $2.5 million over the next year, you’re still protected-no need to open new accounts or move funds manually.
You can pay vendors, process payroll, and manage expenses directly from your Holdings dashboard, with zero fees eating into your profits.
Key Features That Set Holdings Apart
Feature | Holdings (with i3 Bank) | Traditional Bank |
|---|---|---|
FDIC Insurance Limit | Up to $3,000,000 | $250,000 |
Fees | Zero | Often hidden/varied |
Minimum Balances | None | Common |
Integrated Accounting | Yes | Usually separate |
Bookkeeping Services | Yes | Rare |
Mobile Banking & App | Yes | Varies |
Fraud & Account Protection | Advanced, multi-layered | Basic |
Instant Money Movement | Yes | Often delayed |
Security and Fraud Protection
Your business’s security is our top priority. Holdings leverages advanced encryption, multi-factor authentication, and real-time fraud monitoring to protect your money, data, and accounts from threats like phishing, malware, and account takeover. Our partnership with i3 Bank means you benefit from robust infrastructure and regulatory compliance, including:
FDIC insurance up to $3 million
Fraud protection and positive pay features to guard against unauthorized transactions
Data security protocols to keep your personal information safe from cyberattacks and identity theft
Frequently Asked Questions
How do I know my funds are protected? Holdings leverages the i3 Bank sweep program to automatically distribute your deposits across a network of FDIC-insured banks, ensuring coverage up to $3 million.
Can I access my money anytime? Yes! Even though your funds are distributed for safety, you can view, transfer, and manage them instantly from your Holdings dashboard.
Does expanded FDIC coverage cost extra? Nope. Holdings offers this protection at no extra charge-just another way we help your business grow.
How can I get started? Open your Holdings Business Account or contact our team for help maximizing your FDIC coverage.
More Ways Holdings Protects and Grows Your Money
Implement the Profit First Strategy: Allocate revenue into different “buckets” for expenses, taxes, and savings, all within your Holdings account.
Manage Multiple Accounts: Create and manage multiple accounts for different business needs-like payroll, taxes, or a rainy-day fund.
Integrated Tools: From invoicing to expense tracking, Holdings offers all-in-one solutions to streamline your business finances.
Why SMBs Choose Holdings Over Traditional Banks
No fees, no penalties: We reward good customers instead of penalizing you for using your money.
High APY‡ rates: Earn up to 2.0% APY on your balances-making your cash work as hard as you do.
All-in-one financial hub: Banking, accounting, and bookkeeping in one place means more time for what matters most: growing your business.
Dedicated support: Our team is here to help you navigate everything from FDIC insurance to cash flow management.
How Holdings Supports Your Business Journey
Whether you’re launching a startup or scaling an established company, Holdings is designed to grow with you. Our platform supports:
Business checking and savings accounts with high interest rates and zero fees
Integrated accounting software for seamless financial management
Full-service bookkeeping to take the stress out of tax season
Advanced security features to protect against fraud, cyberattacks, and unauthorized access
Mobile banking so you can manage your money from anywhere
Expanded FDIC Coverage: The Details
What is FDIC insurance? The Federal Deposit Insurance Corporation (FDIC) insures deposits at member banks up to the legal limit, protecting your money in case of bank failure.
How does the sweep program work? Your deposits are automatically allocated across a network of FDIC-insured banks, maximizing your coverage without manual intervention.
Why $3 million? By partnering with i3 Bank and leveraging their sweep network, Holdings can offer up to $3 million in FDIC insurance-well above the standard limit.
What types of accounts are covered? Business checking, savings, and even money market accounts can all benefit from expanded coverage.
Common Business Banking Terms- Simplified
Deposit Account: Where your business stores cash for daily operations.
Interest Rate / APY: The percentage you earn on your balances.
Wire Transfer: Fast, secure way to move large sums between accounts.
Invoice: A bill sent to customers for payment.
Accounts Payable: Money your business owes to vendors.
Authentication: Security steps to confirm your identity.
Fraud Protection: Tools and features that prevent unauthorized access or theft.
Mobile Banking: Manage your money on the go via app or mobile device.
Certificate of Deposit (CD): A savings account with a fixed term and interest rate.
Credit Card / Debit Card: Tools for making purchases and managing expenses.
Beneficial Ownership: Who ultimately owns or controls your business.
Regulatory Compliance: Following rules set by financial authorities.
Encryption: Protecting your data from hackers.
Phishing: Fraudsters trying to steal your info via fake emails or messages.
How to Open a Holdings Business Account
Apply online: Quick, secure, and fully digital.
Verify your business: We’ll guide you through beneficial ownership and compliance steps.
Fund your account: Move money via ACH, wire transfer, or remote deposit.
Start earning: Enjoy up to 2.0% APY, zero fees, and up to $3M in insurance.
Final Thoughts: Protecting Your Business’s Future
Your business deserves a financial partner that works as hard as you do. Holdings, in partnership with i3 Bank, delivers expanded FDIC insurance, zero fees*, and all-in-one financial tools-so you can focus on growth, not paperwork or risk.
Ready to experience banking that pays you back? Open your Holdings Business Account today and give your business the protection, flexibility, and rewards it deserves.
Helpful Resources to Get the Most from Holdings
Want to learn more about how Holdings can simplify and supercharge your business finances? Check out these essential guides, tools, and insights designed specifically for SMB owners like you:
Getting Started with Holdings
How to Fund Your Holdings Account: Step-by-Step Guide
How to Invite Team Members and Manage Roles
Understanding Roles and Permissions in HoldingsBanking Features & Fee Transparency
Business Banking Fees Explained: How Holdings Keeps It Simple
Free Domestic Wire Transfers: Fast, Secure, and Cost-Effective Payments
How to Send Wires, ACH, and Internal Transfers with HoldingsAccounting & Bookkeeping Integration
How to Connect Your Holdings Account to Accounting Platforms (QuickBooks, Plaid, Yodlee)
Implementing Internal Controls in Holdings
How to Create and Manage Multiple Holdings Accounts for Better Financial OrganizationIndustry-Specific Solutions
Banking and Bookkeeping for Agencies
Dental Practice Financial Solutions
Nonprofit Financial Management
Ecommerce Business BankingBusiness Growth & Insights
Holdings Blog: Tips, Trends, and SMB Success Stories
Comparisons: How Holdings Stacks Up Against Other Business Banks
Customer Success Story: How Pest IQ Uses Holdings to Fuel GrowthSupport & Contact
Contact Holdings Support
Holdings About Us
Holdings Pricing
†Holdings is a financial technology company and is not a bank. Banking services are provided by i3 Bank, Member FDIC. The Holdings Visa Debit Card is issued by i3 Bank pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.
*No account or domestic transaction fees. Some foreign transaction fees may apply in limited circumstances.
‡Annual Percentage Yield (APY) is variable and subject to change after account opening. Rate is compounded monthly and credited monthly.
§Deposits are insured up to $3 million through a combination of i3 Bank, Member FDIC, and additional program banks.