Who is ICM? ICM combines investment returns and immediate liquidity to create a unique, optimal form of cash management that empowers you to earn far greater returns on your money. ICM investment accounts currently pay interest of 0.17%1 (or more)… while the average bank now pays 0.04%2.

The bank model is simple: the bank invests your money and keeps the investment returns. The ICM model is simple but different: you invest your money – and you keep the investment returns. Your money generates wealth, and ICM thinks you should keep it.

Who does ICM work with? ICM offers both Visa and Mastercard investment debit cards issued by Sutton Bank. ICM investment products are managed by SEC-registered asset managers.


What products and services does ICM offer? ICM offers a full range of cash management services, including an investment debit card, ATM withdrawals, cardholder to cardholder transfers, and online bill pay. Furthermore, you can direct deposit into your ICM account, and move funds in or out of your ICM account via ACH transfers.

What is an investment debit card? ICM invented and developed the patent-pending investment debit card. An investment debit card is a debit card linked to specified securities (such as GMMFs and USBFs) rather than bank deposits. Accordingly, the ICM Investment Debit Card transforms your specified investment funds into digital currencies to pay directly for your debit card transactions. You get both the convenience of your debit card and may receive significantly greater returns on your money.

What are share classes? A share class is a designation applied to a specified type of security such as mutual fund units, and share classes often are determined by how the sales charge is paid. A subset of share classes are institutional, and mutual funds usually make these classes available only to institutions and those with high net worth, typically over $1 million. Institutional shares also usually carry the lowest fees and expenses of mutual fund classes. Because of the low expense ratios, institutional classes invariably enjoy the best returns of the different classes in which a mutual fund invests.

Please note that among the reasons ICM returns may be significantly greater is that we give clients access to institutional share classes to which they otherwise typically would not have access, and that difference is huge: for the money market fund, the difference between retail and institutional is 17 bps3 vs. 1 bps4.


Why use ICM? ICM empowers you to optimally manage your cash. Rather than leaving your money in no/low interest bank checking and savings accounts, ICM enables you to optimize your returns on your short-term cash and long-term cash, always providing the flexibility to move money between your accounts.

The average bank now pays 4 one-hundredths of one percent (0.04%) on checking accounts and 6 one-hundredths of one percent (0.06%) on savings5. By contrast, ICM accounts pay 0.17% on your transaction account and 0.80%6 on your performance account. The difference is important – and enormous. If you have $10,000, at current rates ICM pays you $17 per year, while the average bank pays only $4. If you would rather have $17, you would rather be at ICM than at the average bank.

Why does ICM pay much more? The typical bank profits from paying you a small interest rate on your money, and then lending that money at a high interest rate: the bank makes a profit off your money. By contrast, ICM enables you to place your money in GMMFs and/or USBFs and keep the higher returns.


How do I fund my ICM account? You fund your ICM account in the same way as a traditional bank: direct deposit, ACH transfer, wire transfer, and/or Plaid.

How do I use my ICM account? You use your ICM account in the same way as a traditional bank. You can transact via your investment debit card, ATM, online bill pay, ACH and wire transfers. In all cases, you have immediate access to your funds.

How do I decide how much to put in GMMFs and USBFs? Generally, GMMFs have less volatility and lower returns compared to USBFs, and USBFs have more volatility and higher returns compared to GMMFs. The decision of how to allocate your funds depends upon various factors such as your tolerance for risk, your capacity to withstand potential loss, and the target returns you seek.

How does ICM make money? ICM makes money from interchange and a simple fee structure. Interchange fees are paid by merchants – not ICM account holders – to card networks for processing a debit payment.

How secure is ICM? Protecting your account information and privacy are ICM’s priorities. ICM uses multifactor authentication to help us verify your identity, which ensures that only you have access to your account. Furthermore, ICM also uses advanced encryption technologies to guard the information sent between you and ICM.

General Questions

Are ICM accounts FDIC insured? Funds held at Sutton Bank are FDIC insured; those swept into your investment account are not FDIC insured.

Are all of my funds invested? Your ICM account has up to $125 in your Sutton Bank account; any additional amounts are swept daily into your securities account.

Can I lose money in invested funds? Yes: all securities have a risk of loss. Although GMMFs have a constant NAV (net asset value) and are not subject to fee or liquidity gates, there is no guarantee of principle when investing in funds linked to your ICM account.

What is an ICM Federally Insured Account? The ICM Federally Insured Account is FDIC-Insured and pays an earnings credit more than 3x the national average!2 The funds in your ICM Federally Insured Account earn 0.21% APY. You can access your funds in this account at any time using your investment debit card.

FDIC insured for up to $5 million The balance in your ICM Federally Insured Account may be moved to one or more network banks where it is eligible for FDIC insurance up to $5,000,000 (up to $250,000 per network bank, inclusive of deposits you may already hold at the bank in the same ownership capacity) once the funds arrive at a network bank. Actual insured amounts may be lower or adversely affected based on any balances you hold at a network bank. To learn more click here.

How are earnings calculated and paid? Your daily balance in the ICM Federally Insured Account is used to calculate an earned amount each day. Account earnings are paid out on the first day of each month. Deposits do not start earning until the business day after the bank receives your money. If you close your account mid-month, we will send you your earnings via ACH to your linked bank account after the first of the next calendar month and after other pending transactions have settled.

Are there tiers for earning in my account? Yes, only the first $1 million will be eligible to receive earnings.
Balances in excess of $1 million will be eligible to receive an earnings credit of 0.01% APY.

Is there a limit to how many transactions I can do? There is no limit. You can access your funds instantly and as many times as you like using the investment debit card.

Are these teaser rates? No: the rates ICM pays are based on the performance of the securities into which a client’s funds are invested.

Where can I find the terms and conditions? Click here.

What are the fees? Please review the terms and conditions here.