Introducing Program Transitions: Move Your Reciprocal Deposit Program to NBID

Community and regional banks that join NBID often have reciprocal programs with legacy providers. Program Transitions makes the move to the bank-owned network streamlined for your team and depositors, with guided steps, automated workflows, and full visibility into every account.

Why Banks Use Program Transitions

Program Transitions turns moving a reciprocal program into a simple, guided process, so you benefit from NBID’s bank-owned model quicker. It takes the legwork out of the three parts of a transition that usually take the most effort: collecting depositor signatures, opening accounts, and tracking progress.

• One place to see everything. Know where every account stands at every stage in the process, without manual tracking.
• Step-by-step guidance. Your team always knows what comes next, from setup through the final funded account.
• Automation built in. Features like Click to Accept make collecting executed terms and conditions seamless for depositors and your team.

How Program Transitions Works

There are two parts: a one-time setup, then three guided steps for each group of accounts.

Part 1: Set Up Once

1. 1Upload your existing data. NBID organizes all of these account opportunities into one clear view, set up so your transition can be planned step by step.
2. 2Group accounts into waves. NBID automatically sorts your account opportunities into groups called waves, so your transition is organized. You can manually adjust these at any time.
3. 3Set your terms and conditions. NBID pre-fills your institution’s terms and conditions for every depositor, so each account is ready for review and signature.

Part 2: Sign, Open, Fund

Every wave follows the same three steps, so your team follows one repeatable process.

1. 1Sign T&Cs. With Click to Accept, NBID sends each of your depositors a secure, bank-branded link to review and accept their new terms and conditions online. Reminders, tracking, signed copies, and receipts are all handled by NBID.
2. 2Open accounts. Signed accounts flow directly into bulk account opening, and NBID helps facilitate opening them in batches.
3. 3Fund accounts. Accounts are funded, and your Transition Summary shows each wave's progress.

Plan Your Reciprocal Program Transition With NBID

If you are ready to move your reciprocal program to NBID, the bank-owned reciprocal deposit network, Program Transitions gives your team a clear path from the first wave to the last.

Already an NBID member bank? Program Transitions is a module within the NBID Admin Portal. Reach out to your Regional Director to get started.

Still weighing a move? Contact us to talk through what a seamless reciprocal program transition would look like for your bank.

NBID LLC is not a bank. Deposit insurance covers the failure of insured institutions, not NBID. Deposits are placed at FDIC-insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. A list of participating banks appears at https://www.nbid.com/bank-list. Projected savings shown are estimates based on balances uploaded.