[2] The company was founded in 2002 by a number of former federal banking regulators with the goal of increasing the security of large deposits.

[14] Its services are anchored in using reciprocal deposits, which the company invented, and are a way for banks to exchange funds depending on their deposit or funding needs, to give depositors access to FDIC insurance above the limit of $250,000 through a single banking relationship.

During the 2008 economic crisis, Reuters noted that IntraFi's services "rose in popularity.”[15] “In 2023, IntraFi garnered significant attention after 3 regional bank failures spotlighted the risks of keeping large uninsured deposits at banks.”[16] In collaboration with the Community Development Bankers Association (CDBA) and National Bankers Association (NBA), in June 2024 IntraFi launched the Advancing Communities Together (ACT) program to boost deposits at banks catering to underserved communities.

[18] Built on IntraFi’s technology for reciprocal deposits, these services give depositors a way to access millions of dollars in aggregate FDIC insurance through a single banking relationship.

Podcast guests have included Gary Cohn, Mark Cuban, Randal Quarles, Tom Emmer, Michael Hsu, and Esther George.