IntraFiSM Network DepositsSM Sweep Product

OUR FDIC-INSURED MULTI-BANK PROGRAM

In today's dynamic financial landscape, many investors are asking some critical questions before deciding where to put their liquid assets. How can I be sure my money will be safe? Will I have ready access to it in the event of a financial emergency? Will I receive dependable, ongoing interest income?

Our program offers a powerful solution to your clients cash needs. The program enables you to safeguard a substantial portion of your assets through a highly liquid, interest-bearing accounts. Dreyfus has entered into a strategic partnership with lntraFi Network LLC to offer our clients an FDIC-insured deposit sweep option. The IntraFi Network Deposits Sweep Product is an FDIC-insured, multi-bank deposit program that is designed to complement traditional money market mutual funds. The IntraFi Network Deposits does not involve investment in a money market fund.

WHAT ARE THE KEY BENEFITS OF THE PROGRAM?

$2.5 Million FDIC Insurance - The "Multi Bank" Investment Approach -Today, FDIC insurance covers both the principal and accrued interest in each bank account up to $250,000 per depositor for any member bank where money is deposited. The IntraFi Network Deposits utilizes a multi-bank investment approach to significantly increase aggregate FDIC insurance coverage up to $2.5 million per individual by depositing customer assets among multiple banking institutions as determined by the customer's available cash balance. These balances are not covered under Securities Investor Protection Corporation (SIPC).

Tiered Interest Rates - Flexible rate tiering can enhance revenue to your firm. The program can be tiered by total cash balances, total assets (individual or household), market segment or service class. Customers have the potential of earning daily interest at higher rates based on the growth of their brokerage account balances.

Daily Liquidity - Our program provides you with daily liquidity so you can easily access your client’s cash balance to meet short-term expenses or other funding needs.

Easy Cash Management - Our program can be integrated with checkwriting and debit card services offered through your financial organization, to provide a single account from which you can control all your investment, payment and withdrawal options.

UNDERSTANDING THE JARGON

What is the FDIC? The Federal Deposit Insurance Corporation (FDIC) is an independent government agency created by Congress in 1933 to maintain stability and confidence in the nation's banking system. The agency insures deposits in member institutions up to $250,000 per depositor.

What Is a "Bank Deposit Sweep" Program? A bank deposit sweep is a program that, at the close of each business day, automatically transfers ("sweeps") balances between your brokerage account and one or more bank accounts as applicable, while providing daily interest on cash balances. The goal is to keep customers' assets working and maximize investment return in a conservative and efficient manner.

HOW DOES THE PROGRAM WORK?

The "Multi-Bank" Approach - Today FDIC insurance covers both the principal and accrued interest in each bank account up to $250,000 per depositor, for each FDIC-member bank where money is deposited. This investment approach can significantly increase your total FDIC insurance coverage up to $2.5 million. This is accomplished by depositing your assets among multiple participating institutions (participating banks) as determined by your available cash balance. To help ensure that your balance (plus accrued interest) receives the maximum amount of FDIC coverage available, the program limits the principal amount of your assets held at any one institution.

Bank "Opt Out" Option The IntraFi Network Deposits utilizes a priority list of available banking institutions to determine the order in which customer assets are to be deposited. Since you may already have FDIC-insured deposits at some of these institutions, the program allows you the flexibility to "opt out" of a bank on the priority list -in other words, to designate a bank as ineligible to receive your deposits at any time.*

When you opt out of a bank, your remaining deposit is placed at the next bank, in the order of the priority list, in an amount at each bank that is under the FDIC maximum deposit insurance amount.

Account Eligibility - The IntraFi Network Deposits can be offered to individual and joint accounts as well as certain types of retirement accounts, including IRAs, Section 457 plans and self-directed Keogh plans.

How Does the Program Work

*A customer is responsible for monitoring the total amount of deposits held with any one bank, directly or through an intermediary, in order to determine the extent of deposit insurance coverage available on their deposits, including the program. Neither Dreyfus Cash Investment Strategies BNY Mellon Securities Corporation, your Introducing Financial Institution ("IFI") nor your IFl's clearing agent is responsible for any insured or uninsured portion of the Program accounts or any other deposits held outside the product.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Please consult a legal, tax or financial professional in order to determine whether an investment product or service is appropriate for a particular situation.

IntraFi Network Deposits enables customer balances at a custodial agent, including a broker-dealer, to be swept to deposit accounts at multiple FDIC-insured depository institutions. IntraFi Network Deposits does not involve investment in a money market fund. IntraFi Network Deposits is operated by IntrFi Network LLC and is offered through private label arrangement with the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation (BNYMSC). BNYMSC is a subsidiary of The Bank of New York Mellon Corporation (BNY Mellon). lntraFi Network LLC is not affiliated with BNY Mellon. Unlike the IntraFi Network Deposits, which offers FDIC insurance on cash deposits, money market mutual funds are not FDIC-insured and involve risk to principal.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, encompassing BNY Mellon's affiliated investment management firms, wealth management organization and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally.

Dreyfus Cash Investment Strategies (Dreyfus CIS) is a division of BNY Mellon Investment Adviser, Inc., a registered investment adviser; and investment manager of Dreyfus money market funds. Dreyfus CIS does not provide any services to the Insured Network Deposit Service. Dreyfus Cash Solutions is a division of BNY Mellon Securities Corporation, a registered broker dealer and distributor for the IntraFi Network Deposits. The Bank of New York Mellon (BNYM) is a NY state-chartered bank and BNY Mellon National Association (BNY Mellon, N.A.) is a national banking association. Both may participate in the products by holding your funds in Deposit Accounts

CIS-134617-2020-08-07