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Onboarding Overview

NBID’s onboarding process is built to help your bank launch efficiently and confidently. From initial setup through go-live, each step is designed to ensure your institution is fully equipped to deliver extended deposit insurance and manage relationships seamlessly through the NBID platform.

The onboarding process typically takes about four weeks. Throughout the process and beyond, our Institution Success team provides structured guidance and responsive support, ensuring your bank is ready to leverage NBID’s tools effectively.

NBID's onboarding workflow tool, accessible through the Admin Portal, guides banks through each step of implementation, ensuring a smooth process from start to finish. Within the portal, institutions can track progress across all phases, upload required documentation, and receive ongoing support from the NBID team.

The following demonstration provides an overview of the onboarding workflow tool and highlights how your institution can monitor milestones, submit items, and stay aligned throughout the launch process.

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Disclosures

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. NBID is not a member of the Federal Deposit Insurance Corporation (FDIC) and is not a financial institution, nor does it offer financial institution deposits and its services are not guaranteed or insured by the FDIC.

Funds placed through NBID's deposit network are deposited at FDIC-insured banks. Each participating bank provides FDIC insurance coverage up to $250,000 per depositor. By spreading deposits across multiple banks in the network, customers may be eligible for aggregate FDIC insurance beyond the standard $250,000 limit provided by a single institution. Customers should monitor their total assets at each program bank to determine the extent of available FDIC insurance coverage.

FDIC insurance is subject to FDIC rules, including pass-through coverage requirements. For more information about FDIC insurance, visit www.FDIC.gov.

Deposits exceeding applicable FDIC coverage limits at any single institution are not insured by the FDIC.

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