The document outlines the eligibility criteria and operational details of the IDP (Insured Deposit Program). It specifies that the IDP is available to individuals, certain nonprofit organizations, fiduciaries, and trusts, but not to retirement accounts or governmental plans. The document describes the roles of DBSI, Pershing, and Program Banks in managing deposits, withdrawals, and fund transfers. It also explains the process of deposit allocation among Program Banks to maximize FDIC insurance coverage, up to $2.5 million, and the option for account holders to exclude certain banks from receiving deposits.
documents/EFTA01377855.pdf
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