What is NBID?

NBID helps banks of all sizes and designations grow deposits and client relationships. Through NBID's deposit network, banks can provide accounts that make customer funds eligible for extended FDIC insurance* to attract large-value clients including businesses, public funds, higher-net-worth individuals, and others. Banks can also leverage the NBID network to source funding on demand or sweep excess liquidity to manage their balance sheets.

Accounts that make funds eligible for extended FDIC insurance*, which NBID calls Insured Sweep Accounts, are a valuable tool for banks to better serve existing large clients and service new clients that might otherwise bank elsewhere. Through the NBID deposit network, large balances in Insured Sweep Accounts are distributed across partner banks to make funds eligible for full insurance coverage while simplifying the process for your clients, who maintain a single relationship with your bank.

Unlike legacy deposit networks, NBID is the first bank-owned and managed reciprocal deposit network. NBID, which is a coalition comprised of member banks, ensures banks have alignment and oversight over their critical infrastructure.

The NBID deposit network technology is provided in collaboration with ModernFi, who serves as the network operator.

*Insurance provided by program banks (subject to meeting certain conditions)