Scale and insurance limits

What is the current maximum FDIC insurance per Tax ID? How quickly do you anticipate scaling to larger insurance limits?
1. NBID is being launched with 100 founding bank members that represent over one quarter of the existing reciprocal deposit market. At launch, NBID will provide $10 million in FDIC insurance per Tax ID. This is a conservative limit given the size and scale of the 100 founding members, as we want to ensure strong liquidity and reciprocity during the network launch. We expect to scale quite quickly:
  1. The 100 bank members technically provide up to $25 million in insurance capacity
  2. We expect to grow the NBID network to approximately $50 million insurance in the first half of 2026
  3. Our goal is to reach $100 million insurance per Tax ID in the second half of 2026
  4. The goal for 2025 is to have 400 signed institutions to NBID, which would provide that $100 million insurance level. Through 2026, we will be activating, onboarding, and ensuring liquidity and reciprocity across those 400+ institutions.\
Do you have a maximum amount that an institution can sweep into the network?
1. No, there is no maximum amount an institution can sweep into the network. The main constraint at launch will be the insurance limit. We don't anticipate any constraint on how much you can sweep into the network because the 100 founding institutions represent large and active participants. These institutions hold over $100 billion in reciprocal deposits and have capacity for large amounts of deposits received.
2. We do anticipate placing limits on how much an institution can buy from the network in a one-way buy, as we are prioritizing institutions that want to sweep for insurance and institutions that want to reciprocate.\
Do you force banks to take deposits if there's excess supply in the network?
1. No, we do not force banks to take deposits if there's excess supply. We have an active network operations team that interfaces closely with our partner banks to ensure supply-demand balance in the network. In cases where there is a large amount of supply:
  1. We work closely with partner banks to place those deposits
  2. NBID can adjust network pricing to make accepting deposits attractive for receiving institutions
  3. NBID works with very large institutions that have significant capacity and appetite for deposits, which can act as overflow institutions as needed\
How many banks are actively participating today?
1. NBID is a new company being launched in Q3 with 100 bank founding members. These 100 founding members represent highly influential and prominent institutions that currently account for over one quarter of the existing reciprocal market, or over $100 billion in reciprocal deposits.\