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Introduction to NBID

  • Welcome to the NBID Resource Center!
  • What is NBID?
  • What is a deposit network?
  • What is an Insured Sweep Account?
  • How do Insured Sweep Accounts work?
  • How do my customers benefit?
  • How does my bank benefit?
  • What rate do I pay and/or earn in the network?

Onboarding

  • Program Onboarding
    • Onboarding Overview
    • Program Omnibus Account
    • Program Terms and Conditions
    • Integrations
      • Integration Capabilities and Partners
      • Q2 Onboarding Process
      • SFTP Configuration Guide

Managing Your Program

  • Resources for Operations Team
    • Money Movement Overview
      • Wire Operations
      • Setting ISA Target Balance
      • Interest Payment and Monthly Settlement
    • Using the Admin Portal
      • Institution Settings
      • Admin User Roles & Permissions
      • Automated Account and Depositor Creation
      • Adding transactions
      • Setting account interest rates
      • Pricing Groups
      • Edit or Change an account
      • Change a depositor
      • Close an account
      • Edit Target Balance
      • Account-Level Reciprocation
  • Resources for Customer Facing Team
    • Transitioning your deposit network services to NBID
    • Positioning and Rates
      • Pricing Structures
    • Customer Education and Marketing Materials
      • Marketing and Activation
      • Client Materials
      • Custom marketing materials and assets

Client Experience

  • Using the Depositor Portal
    • Accessing the Depositor Portal
    • Withdrawing Funds
    • Request Account Changes

Reporting and Documentation

  • Daily Program Report
  • End of Month Settlement Report
  • Monthly Account Statement
  • Annual 1099-INT Tax Forms
  • General Ledger Entries

Additional Products

  • Prospect Finder

Community Discussion Board

  • Join the conversation

FAQs

  • Comparison to and conversion from other network providers
  • Product capabilities and support
  • Integrations

SFTP Configuration Guide

View: https://acrobat.adobe.com/id/urn:aaid:sc:US:7e3a7e67-bb0d-4d76-97ec-fe0238985c7f

Updated 4 days ago


Q2 Onboarding Process
Resources for Operations Team

© 2025 NBID LLC. All rights reserved.

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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