Grow deposits and customer
relationships as a member of NBID’s
bank‑driven deposit network
Banks of all sizes are joining NBID to receive access to additional FDIC deposit insurance* and
on-demand source funding, manage their balance sheets, and earn additional fee income.
NBID is not an FDIC‑insured depository institution, and deposit insurance only covers the failure of an insured depository institution. Certain conditions must be satisfied for “pass‑through” FDIC deposit insurance coverage to apply.
NBID is a bank-driven reciprocal deposit network.
Reciprocal deposits are a vital component of our country’s financial infrastructure, particularly among community and regional banks, supporting the competitiveness, scale, stability, and size diversity of the US banking system.
Given the critical importance of reciprocal deposits, NBID is building a member-focused network where community, regional, and industry leading banks and other insured depository institutions have a meaningful voice in shaping the future of deposit networks.
All participating depository institutions receive a membership interest in NBID. Benefits of NBID Membership include:
Alignment and oversight
Participating depository institutions will nominate and elect majority of NBID’s board of directors
Significant cost savings for founding and early members
Competitive pricing on usage for initial members
Profit Share
A meaningful portion of NBID’s net profits will be shared with members based on deposits placed through network
Seamless technology
A modern network that can be set up in parallel to your exsting solutions
Value and Services
Grow customer relationships with accounts eligible for increased FDIC deposit insurance*
Member institutions can leverage NBID’s deposit network to offer increased FDIC deposit insurance* to attract large-value depositors, retain key relationships, and grow new business lines.
Depositors enjoy the peace of mind of increased FDIC deposit insurance* through a relationship with a single insured depository institution
Increased FDIC deposit insurance is a strong, non-rate value proposition for high-net-worth individuals, businesses, public funds, nonprofits, and others
NBID provides a frictionless account experience for depositors and your operations team
NBID is not an FDIC‑insured depository institution, and deposit insurance only covers the failure of an insured depository institution. Certain conditions must be satisfied for “pass‑through” FDIC deposit insurance coverage to apply.
*NBID is not an FDIC-insured bank. Deposit insurance is provided through member banks and covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
Focus on Service
NBID is built on a foundation of compliance, regulatory respect, and disciplined operations
NBID prioritizes regulatory compliance through secure infrastructure and active engagement with regulators, ensuring a sound and compliant deposit network for members that adapts to an evolving financial landscape.
NBID’s network operator maintains compliance with OCC, FDIC, and Federal Reserve guidance on risk management for third-party relationships
NBID has partnered with Northern Trust, a major financial institution, as its qualified custodian to hold and transfer deposits between banks
NBID’s network operator is SOC 2 certified, which ensures the firm meets strict standards for data protection, information security, and identity / access management
*NBID is not an FDIC-insured bank. Deposit insurance is provided through member banks and covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
NBID is not an FDIC‑insured depository institution, and deposit insurance only covers the failure of an insured depository institution. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply.
NBID membership structure benefits participating depository institutions, their customers and the banking system.
Participating depository institutions will nominate and elect a majority of NBID’s board of directors. As a result, NBID and the participating depository institutions and their customers benefit from the collective experience and expertise of our members.
Together, NBID and the participating depository institutions are on a journey to support and strengthen our nation’s individual community and regional banks and the US banking system as a whole.
