Grow deposits and relationships as
a member of the first bank-owned
deposit network
Banks of all sizes have joined NBID to provide additional insurance* to depositors, source funding
on demand, manage their balance sheet, and grow revenue.
The National Bank InterDeposit Corporation (NBID) is the first bank-owned and bank-managed reciprocal deposit network.
Reciprocal deposits are a vital component of America’s financial infrastructure, particularly for the nation’s community and regional banks, supporting the competitiveness, scale, stability, and size diversity of the American banking sector.
Due to reciprocal deposit platforms’ critical importance and intrinsic structure as a network of participating banks, the primary deposit network for these instruments should be bank-owned and bank-managed. NBID has brought together an ecosystem of community and regional banks as well as key industry leaders to establish, operate, and manage this network.
Benefits of NBID Membership for Member Banks
Alignment and oversight
NBID is a bank-owned and managed deposit network
Significant cost savings
Near zero cost on usage for founding members
Revenue share
Net revenue shared with members based on flow
Seamless technology
A modern network that can be set up in parallel to your existing solutions
Value and Services
Grow relationships with accounts offering millions in extended insurance*
Member banks can leverage NBID’s deposit network to offer millions in additional deposit insurance* to attract large-value depositors, retain key relationships, and grow new business lines.
Depositors enjoy the peace of mind of millions of additional deposit insurance* through a single bank relationship
Insurance is a strong, non-rate value proposition for high-net-worth individuals, businesses, public funds, nonprofits, and others
NBID’s software and integrations provide a frictionless account experience for depositors and your ops team
To learn more about NBID’s technology and services, visit our network operator here
Focus on service
NBID is built on a foundation of compliance, regulatory respect, and disciplined operations
NBID prioritizes regulatory compliance through secure infrastructure and active engagement with regulators, ensuring a sound and compliant deposit network for members that adapts to an evolving financial landscape.
NBID’s network operator maintains compliance with OCC, FDIC, and Federal Reserve guidance on risk management for third-party relationships
NBID has partnered with Northern Trust, a major financial institution, as its qualified custodian to hold and transfer deposits between banks
NBID’s network operator is SOC 2 certified, which ensures the firm meets strict standards for data protection, information security, and identity / access management
To learn more about NBID’s custodian, visit our custodial partner here
Proudly bank owned
NBID, as a non-stock membership corporation, is proudly owned and managed by its member banks. We are strengthened by the experience and expertise of our leading fund and bank partners. Together, we are on a journey to support and strengthen the American financial system and our nation’s community and regional banks.
