United Cash Management
Enjoy access to your entire account balance while earning competitive rates of return with United Cash Management. Your cash is always working for you.
- Cash that is always working for you
- Complete flexibility through one checking account
- Maximum investment of operating cash
- Convenient management of your investments and company finances
- Competitive earnings
* Not FDIC Insured
Reliance Trust Company’s Position on Insured Deposits – July 16, 2008
Reliance Trust Company (“Reliance,” “Company”) is a state-chartered bank and trust company that presently conducts only fiduciary business and no traditional banking activities. All of the Company’s accounts are governed by a form of fiduciary or custodial agreement with its clients. As such, all assets held in client accounts are considered to be “off-balance sheet assets” and are not subject to any diminution, i.e. claims from creditors, etc., should adverse consequences occur to Reliance as an institution. This is a critical difference between a fiduciary like Reliance and a traditional bank. A traditional bank’s corporate balance sheet includes mortgage and business loans made to its clients (which are assets of the bank) and deposit accounts (such as savings accounts, checking accounts, and certificates of deposit; which are liabilities of the bank). So, when a traditional bank fails and is liquidated, any client’s deposits greater than the FDIC’s prescribed limits may be subject to the FDIC’s practice for reimbursement.
For more information, call our Business Service Professionals M-F, 8:30-5 at 866-270-6100.