Streamlined account and depositor creation and association

Account creation

Sweep ProgramManage ProgramAdd Single Account

Add the account

To add a new Account, click the Manage Program button and select Add Single Account from the dropdown. Enter the required account details, including the account title, signer's primary name, account type, account interest rate, and complete the attestation checkbox confirming the required T&Cs have been executed and retained by your bank. Specific inputs may vary depending on your unique core.

Add the depositor

After submitting the Account information, you'll be prompted to add Depositor information to complete the onboarding flow. Depositors represent the legal owner of the funds in the Account; for User access, you should instead use the User Management tab of the Sweep Program to provision additional User access to a single Depositor entity (e.g., multiple Users for a single organizational Depositor). At this step, you can either select an existing depositor or add a new one.

Select an existing depositor

Add DepositorExisting Depositor

To select an existing NBID Depositor, choose the Existing Depositor tab and select up to five Depositors from the list.

Add a new depositor

Add DepositorNew Depositor

To add a new Depositor, enter their details including type, name, contact information, and address. For financial institutions using SSO integration, you must also provide the Depositor's unique digital banking ID, which maps to the Institution Depositor ID in the NBID system; it should correspond to the Depositor entity, not individual signers. For non-SSO institutions, you can optionally send the Depositor a portal invitation to access their account information.

Confirm the account and depositor

ConfirmCreate

Once submitted, both the Account and Depositor are automatically created on NBID and will immediately appear in the Accounts and Depositors tabs.

Managing depositor associations

Sweep ProgramAccounts

There are three ways to add or update Depositor associations on an existing account:

Add a depositor during account creation

Add Single AccountAdd Depositor

As described above, you can select one or more existing Depositors or create a new Depositor as part of the Account opening flow. Note that you can only add one new Depositor during Account creation; you can associate additional Depositors to the Account after it is created following the instructions below.

Add or remove an existing depositor

Edit (pencil icon)Add or Remove Existing Depositor

In the Accounts table, select the Edit Account icon on any Account row to add or update Depositor associations using the Add or Remove Existing Depositor field.

Add a new depositor to an existing account

Add New Depositor

In the Accounts table, select the Add New Depositor icon on any Account row to create a net-new Depositor to associate with an existing Account. Please note that exact field naming may differ slightly if you are integrated with a core or digital banking provider.