Monthly institution statement
Updated November 10, 2026
The Monthly Institution Statement provides your team with an accounting of all interest earned by your institution, interest owed on deposits received from the network, interest owed to your depositors, and the network usage fee owed to NBID. The Monthly Institution Statement is issued on the final business day of the month and informs your team of the payments required to settle your institution’s activity with the network for a given month. If the month ends on a weekend or holiday, the statement still covers the full calendar month, with the remaining non-business days included as projections. Any difference between projected and actual activity carries into the next month’s statement.
Statements are in the Admin Portal under Documents, on the Institution Statements tab, marked Monthly in the Frequency column. To download a statement, click its date or the download button in its row.
Settling the month
The first section of the statement summarizes the month: the Amount Due to Individual Sweep Accounts; either the Income Owed to Your Institution or the Interest and Fee Expense Due to the Network; and the resulting Net Income or Net Expense. Do not initiate a wire for the Net Income or Net Expense. Settlement happens on the next business day, and the steps depend on whether your institution has net income or a net expense for the month:
| Net income | Net expense | |
|---|---|---|
| Network side | On NBID’s instructions, Northern Trust wires the Income Owed to Your Institution to your Program Account by 1:30pm ET. Accept the wire before 2pm ET. | On NBID’s instructions, Northern Trust initiates a wire drawdown at 9am ET for the Interest and Fee Expense Due to the Network. Process the drawdown by 12:30pm ET. |
| Your institution | Transfer or maintain the Amount Due to Individual Sweep Accounts in your Program Account before 2pm ET. | Transfer the Net Expense to your Program Account before 12:30pm ET. |
| Allocation | The Amount Due to Individual Sweep Accounts is allocated during the standard allocation window beginning at 2pm ET. | The Amount Due to Individual Sweep Accounts is allocated during the standard allocation window beginning at 2pm ET. |
Institutions that need to originate the settlement wire themselves will find alternative instructions on the final page of the statement.
Statement detail
The detail supports monthly reconciliation with monthly subtotals and daily accruals, split by DDA and MMDA:
| Line item | What it is |
|---|---|
| Fee income earned on deposits one-way swept | Income your institution earns on deposits you swept one-way into the network. Categorized as fee income. |
| Interest owed on one-way sourced deposits | Expense your institution owes on deposits one-way sourced from the network. Categorized as interest expense. |
| Amount due to individual sweep accounts | Expense owed on your depositors' funds swept into the network. If reciprocated, categorized as interest expense; if one-way swept, categorized as fee expense. |
| Network usage fee | Platform fees assessed on swept balances at the contracted bp rate. Categorized as fee expense. |
| Net Income or Net Expense | The net of the lines above. |
These categories describe how the statement presents each item. Your institution determines its own accounting and reporting treatment.
Need a hand? Reach out to your NBID Regional Director or email support@nbid.com.