What is NBID?

NBID, the National Bank InterDeposit Company, helps banks of all sizes and designations grow deposits and client relationships. Through NBID's deposit network, banks can offer access to millions in aggregate insurance across network banks* to attract large-value customers 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 offer customers access to millions in aggregate insurance across network banks*, which NBID calls Insured Sweep Accounts, are a valuable tool for banks to better serve existing large customers and service new customers 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 millions in aggregate insurance coverage while simplifying the process for your customers, who maintain a single relationship with your bank.

Unlike legacy deposit networks, NBID is the first bank-driven reciprocal deposit network, where participating banks are members of the company itself, receiving preferential pricing and revenue share. 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.

*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.