Public Insured Funds Management (PIFMC)
Public Insured Funds Management Checking (PIFMC) is tailored to respond to the special requirements of public institutions and municipalities. The interest-bearing PIFMC account helps you effectively meet your extensive checking and funds management needs, as well as investments that comply with state guidelines.
Balances in excess of FDIC insurance coverage are secured by pledged qualifying securities in a separate book-entry account complying with state and public deposit guidelines.*
- Summary
- Interest-bearing account
- Unlimited check writing
- $25 monthly service fee
- Funds protected beyond FDIC limits
- Free online banking with bill pay
- Free business debit card
- Available to public institutions and municipalities only
*Uses the Pooled Method with North Carolina Department of Treasury.
