How does my bank benefit?

By providing access to modern tools and capabilities, NBID empowers banks of all sizes and designations to focus on supporting their clients and their communities.

• Grow Core Deposits and Client Relationships: Insured Sweep Accounts, which let you offer customers access to millions in aggregate insurance across network banks*, empower you to attract high-value depositors, growing priority lines of business and customer segments across business, nonprofits, public funds, high-net-worth individuals, trusts, and more.
• Provide Peace of Mind: Offer customers access to millions in aggregate insurance across network banks* as a powerful non-rate value proposition to help reduce your acquisition cost of funds.
• Source Funding on Demand: Access a diversified liquidity source of cost-effective deposits without the worries of cannibalization or collateralization.
• Potentially Generate Income and Improve Financials: Sweep deposits into NBID's network to potentially earn fee income, increase NIM, and manage the overall size of your balance sheet.
• Precisely Manage Your Balance Sheet: Deposit networks are a tool in your ALCO’s toolkit, allowing you to manage funding up or down as needed to achieve your liquidity and growth goals.

Deposit networks have proven to be foundational financial infrastructure for banks for over 20 years.

*A list identifying NBID / ModernFi network banks can be found here. NBID and ModernFi are not FDIC-insured banks, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply.