Commercial
Operating, reserve, and payroll balances held on safety, not rate. Keep payments, lending, and treasury in one relationship.
$1.8M
56%
Typical relationship
Of network deposits
Intelligent infrastructure to grow deposits and revenueIntelligent infrastructure to grow deposits,
deepen relationships, and scale revenue
ModernFi operates institution-owned deposit networks, helping financial institutions of all sizes provide reciprocal deposit insurance, optimize funding, and improve profitability.ModernFi operates institution-owned deposit networks, ensuring members have alignment with their systemically-important infrastructure. Our networks help financial institutions of all sizes provide reciprocal deposit insurance, optimize funding, and improve profitability.
Trusted by 761 of the nation's leading institutions
managing $2.8T deposits across all 50 states
* A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank or NCUA-insured credit union, and deposit insurance covers the failure of an insured institution. Certain conditions must be satisfied for “pass-through” deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Owned by members
Institution-owned networks for alignment, stability, and upside
For banks
ModernFi serves as network operator for NBID, a standalone LLC owned by its over 600 member banks. Modeled after Visa at founding,bank coalitions supporting foundational infrastructure (like Visa at founding, DTCC, The Clearing House), member banks receive preferential pricing, profit share, and oversight through a bank-majority board.
For credit unions
ModernFi operates a credit union service organization (CUSO) serving over 130 credit unions. It is owned directly by 10 credit unions and funded by industry CUSOs representing over 185 more.
The value of a reciprocal network is the institutions themselves. Now, member institutions can benefit from the networks they power.
Trusted by the industry
Accepted across American banking
Supporting 761 institutions across every asset tier. NBID is a Premier Member of the American Bankers Association’s Partner Network, a Principal Partner of the Mid-Size Bank Coalition of America, and is partnered with 30+ state bankers associations across the country.
761
Member institutions, all sizes
694
Community
Under $10B
54
Regional
$10B–$50B
13
Super regional
Over $50B
Premier Member
American Bankers Association
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Value for institutions
Grow deposits, deepen relationships, scale revenue
Attract and retain large-balance depositors across every segment. Offer accounts with access to millions in aggregate insurance across network participants* while keeping the relationship at your FI. Receive reciprocal deposits back from the network so the balance stays on your balance sheet.
Public funds
Win municipal mandates with no or reduced collateral. Public-funds balances on the network grew over 100% year-over-year.
$3.5M
17%
Typical relationship
Of network deposits
Private wealth
Consolidate the balances your largest individual clients otherwise scatter across institutions. Compete with the largest on safety.
$2.4M
18%
Typical relationship
Of network deposits
Nonprofits & fiduciary
Endowment reserves, IOLTA, escrow, and trust accounts that require fully insured cash. Met by one account.
$1.2M
9%
Typical relationship
Of network deposits
* A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank or NCUA-insured credit union, and deposit insurance covers the failure of an insured institution. Certain conditions must be satisfied for “pass-through” deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here. Typical relationship balances from the ModernFi whitepaper, April 2026; illustrative. Share of network deposits from NBID network update, depositor mix by $, April 2026.
Technology & Innovation
Seamless experiences for depositors. Powerful infrastructure for institutions.
ModernFi reduces friction for depositors and operational lift for institutions.
New features, functionality, and intelligence built to our partners’ specifications.
Depositor experience. Integrated into your web and mobile applications. Branded as yours.
Institution experience. Built into your core. Available in your dashboard. APIs for your developers.
Treasury · Community Bank
Live
Reciprocal · out
$342.8M
+$12.1M today
Reciprocal · in
$341.2M
+$11.8M today
Active depositors
1,284
+18 this week
Allocation by counterparty
22 institutions · all slices under $250K
- Pacific Trust Bank$24.8M7.2%
- Cascade Federal$22.1M6.4%
- Lakeshore Community$19.5M5.7%
- + 19 additional counterparties
Margaret Whitfield
SweepInsured Sweep
Available balance
$5,000,000
CoverageUp to $25M
InstitutionsNetwork institutions100 banks
Operating Checking
$1,230,432.04
Recent activity
- Wire depositFrom: settlement+$2,000,000
- Sweep distributionTo: Insured Sweep+$500,000
- Interest paymentMay credit+$8,420
- Outgoing wireTo: vendor−$45,000
Depositor experience
Integrated into your web and mobile applications. Branded as yours.
Built into your channels. Integrated into your online banking and mobile app to keep the depositor relationship with you.
One account, one statement, one 1099. Depositors see a single balance, a single statement, and a single tax form. You own the relationship.
Onboarding to your standards. Account opening and onboarding match the workflows your customer and compliance teams already follow.
Institution experience
Built into your core. Available in your dashboard.
Direct core integrations. Direct connections to the major core providers and more. Accounts open, fund, and report inside the workflows your operations team already use.
Real-time portal visibility. Live allocations, counterparty concentration, fee income, and pass-through balances. Visible to your treasury team as positions move on the network.
API access for your developers. Full documentation at docs.modernfi.com. Pull data into your reporting systems. Connect with the tools your treasury, ALCO, and risk teams rely on.
Illustrative example. Figures, institutions, and individuals shown are hypothetical and do not represent actual or expected results or any real customer or network member. Where coverage is shown, deposits are eligible for pass-through FDIC or NCUA insurance, subject to applicable conditions, up to $250,000 per depositor, per institution.
Institution Success
White-glove support.
A team that knows your goals.
Every member institution is assigned a Regional Director who leads onboarding and training, works with you on marketing assets and deposit targets, and runs recurring sessions focused on your growth and goals throughout the partnership.
- 01
A Regional Director, by name.
Each institution is assigned a Regional Director who knows your core, your priorities, and your customers. They lead staff training, run weekly touchpoints, support with conversations with your largest depositors, and own the growth plan alongside your team.
- 02
Branded marketing assets and support.
Depositor guides, public-funds explainers, transition kits, email sequences, landing-page blocks, frontline-staff manuals, and conversation starters. Built in your institution's brand, not in ours, so you own the depositor experience. Ready before your program goes live.
- 03
Prospect intelligence and co-marketing.
Our data and analytics identify the businesses, municipalities, and high-balance prospects in your target areas. Our growth dashboards track every conversation through to placement. State-association webinars and regulatory panels put your team in front of your peers.
“Claudia, I can't thank you enough for the collaboration, trust, and support you've shown throughout our partnership.”
“Elizabeth, you've been exceptional to work with. They're fortunate to have you — and so are we!”
“Katherine, the network is awesome, but it is your service level that sets you apart.”
“Austin, lots of partners promise the sun, the moon, and the sky, then fall short. You're delivering on every expectation!”
“Sam, thank you for making the effort to work with us — we created a ton of energy behind our program!”
“Andrew, your onboarding process will ruin me for other partners. I've never seen one as smooth, as well thought out, or as well executed.”
“Scarlett, thank you for always taking care of our customers. We appreciate you!”
“Alaina, I always know I can reach you. You're so good to me — thank you!”
Drag to explore
You're always willing to hop on a call, and we love the platform. The network is awesome, but it is your team's service level that sets you apart. It's amazing to give feedback and see it implemented less than a week later.
What our partners are saying
Reciprocal networks allow us to better serve clients of all sizes. Through NBID, we finally have oversight over a service that has quickly become essential to our growth and stability, and we benefit financially from its success.
Chris Maher
CEO, OceanFirst Bank
We control this network. It is a bank-governed network. I think of it as like a cooperative. We bring the value to the table through the client base and the deposit base, and we are governing it as the board of directors.
John Asbury
CEO, Atlantic Union Bank
What sets NBID apart is that the network is bank-driven. The infrastructure exists to serve the institutions in it, not the other way around. Byline Bank joined because we wanted upside and alignment over our deposit infrastructure.
Alberto Paracchini
President & CEO, Byline Bank
ModernFi CUSO provided a platform for us to own the full deposits relationships with organizations whose mission align with ours. We're grateful for the partnership and support in serving large members that were previously out of reach.
Carole Wight
CEO, Holy Rosary Credit Union
Join the network
Start growing with ModernFi
Get in touch to learn how the ModernFi team can help your institution grow deposits, deepen relationships, and scale revenue.