Disclosures

NBID LLC (“NBID”), ModernFi, Inc., and ModernFi Deposit Services LLC (collectively, the “Companies”), are not banks. The Companies do not accept deposits, and deposit insurance covers the failure of an insured depository institution, not the Companies. Deposit placement through the Companies is subject to the terms, conditions, and disclosures in applicable agreements. NBID utilizes the services of ModernFi, Inc. and ModernFi Deposit Services LLC to operate NBID’s deposit network and to provide associated services to NBID member institutions. 

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A list identifying network banks can be found at https://www.nbid.com/bank-list.

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FDIC Deposit Insurance

The depository institutions where funds are deposited through NBID’s deposit network are FDIC-insured banks, and deposits placed at such banks are eligible for FDIC deposit insurance coverage. The depositor may exclude banks from eligibility to receive its funds. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in NBID’s network that hold placed deposits are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through deposit insurance coverage.

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The current standard maximum deposit insurance amount (“SMDIA”) is $250,000 per depositor, per FDIC-insured bank, per ownership category. Although deposits are placed in increments that do not exceed the SMDIA at any one bank, a depositor's balances at the institution that places deposits may exceed the SMDIA before settlement of deposits or after settlement of withdrawals, or may be uninsured if the placing institution is not itself an FDIC-insured bank. If depositors have deposits at any bank that is also in NBID’s deposit network outside the program, they may not receive full FDIC insurance coverage on all deposits at that bank. The depositor must make any necessary arrangements to protect balances that may exceed the SMDIA or that may otherwise be uninsured and must determine whether placement through NBID’s deposit network satisfies any restrictions applicable to its deposits.

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NBID LLC, ModernFi, Inc., and ModernFi Deposit Services LLC are not members of the FDIC and are not FDIC-insured depository institutions. For more information about FDIC deposit insurance, visit https://www.fdic.gov.

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Yields and Insurance Limits

Current yield is subject to change at any time due to changes in market or business conditions. Available FDIC deposit insurance coverage is subject to change at any time due to changes in law or regulation.

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General Disclosures

All information contained herein is for informational purposes only and should not be construed as investment advice. It does not constitute an offer, solicitation, or recommendation to purchase any security, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Past performance does not guarantee future results.

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The market, service, or other information is provided solely for your information and “AS IS” and “AS AVAILABLE”, without any representation or warranty as to accuracy, adequacy, completeness, timeliness, or fitness for a particular purpose. The user bears full responsibility for all use of such information. The Companies may provide updates as further information becomes publicly available but are not responsible for doing so. The terms, conditions, and descriptions that appear are subject to change; provided, however, that the Companies have no responsibility for updating or correcting any information provided. No member of the Companies organizations shall have any liability to any person for the quality, accuracy, timeliness, or availability of any information or for any person's use of or reliance on any of the information, including any loss to such person.

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Certain information contained herein constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained herein may be relied upon as a guarantee, promise, assurance or a representation as to the future.

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All trademarks, logos, and brand names are the property of their respective owners. All company, product, and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement. Unauthorized use or misuse of the information provided herein may result in legal action or penalties. This disclaimer and all matters arising from it shall be governed by and construed in accordance with the laws of the state of New York.

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© 2026 ModernFi, Inc. All rights reserved. 

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© 2026 NBID LLC. All rights reserved.