What is a deposit network?

The NBID deposit network is a group of banks working together to help one another grow deposits and client relationships. The network is a powerful tool that helps banks offer customers access to millions in aggregate insurance across network banks*, source funding, and manage their balance sheets.

Through the network, banks can offer customers access to millions in aggregate insurance across network banks*, beyond the standard $250,000 Standard Maximum Deposit Insurance Amount. The network works by distributing a customer's deposits across multiple insured depository institutions within the deposit network, offering access to additional peace of mind and security, all while the customer retains a single relationship with your bank. Normally, when a bank utilizes the NBID network, they enter a Reciprocal arrangement, where they receive the same amount of deposits back from the network as they have swept in to the network, which ensures they do not lose deposits in aggregate.

Banks can also Sweep excess deposits off their balance sheets to earn fee income, or Source funding when they need liquidity. Select a tile below to see how each works.

How the network works, all together