Transitioning your deposit network services to NBID

Many NBID member-banks already maintain substantial reciprocal deposit or one-way sweep programs with other deposit network vendors. Our comprehensive Migrating to NBID guide, available on request, outlines the key considerations for planning and executing a smooth transition to our network.

The guide highlights the significant benefits of joining NBID, including substantial cost savings and the unique advantage of bank oversight of the network, while providing a detailed roadmap of the transition process, operational details, and the dedicated support you'll receive throughout your journey. We've organized the information into clear, actionable sections covering everything from initial planning strategies to long-term partnership benefits.

Whether you're actively planning a transition or simply exploring your options, the guide will help you understand how NBID can enhance your deposit network experience.

To move your existing program, use the Program Transitions tool in the Admin Portal, which guides your team through uploading your program data, organizing accounts into waves, and collecting signatures, opening, and funding for each wave.