NBID Network Update: July 2026
The NBID network continued its rapid expansion in July and now has 781 total banks in the network with 279 fully onboarded. In July, NBID welcomed 40 new banks and activated 27 new members. Across Q2 as a whole, NBID welcomed 174 new banks and activated 70 new members. Here's your monthly snapshot of network activity and market developments.
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*Percent increase since June 2026 Network Update
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Depositor Portal Branding
NBID has rolled out Depositor Portal Branding, so banks on the network can now customize the portal with their logo, accent colors, preferred web address (i.e. yourbankname.nbid.com), product name, support line and email, and invitation language. |
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The New NBID Admin Portal
The upgraded Admin Portal is live. You can now sign in and manage your program at portal.nbid.com, the portal’s new default web address. The new portal is built on a faster front-end with improved UI, as well as mobile and cross-browser support. You can continue to access your program through portal.modernfi.com until further notice, and the legacy website will remain accessible for a limited time through the Resources section of the new portal. |
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Floating and Tiered Interest Rates
You can now set floating rates within tiered rate schedules on your Insured Sweep Accounts. This builds on our expanded index functionality, so each tier can be tied to a different market index, custom index, or fixed rate. The selection of floating rates has now expanded to include Fidelity Treasury MMF (FISXX), Fidelity Government MMF (SPAXX), and Fidelity Prime MMF (FCIXX). |
The 21st Century ROAD to Housing Act expands the acceptability of reciprocal deposits and custodial deposits. It also reinforces NBID’s mission to ensure core deposit infrastructure is bank-owned and bank-managed for long-term stability, alignment, and shared upside. |
What’s Next for Banks: the Housing Act, Deposit Insurance, and the Road Ahead
The regulatory environment for banks is shifting rapidly. New agency leadership and the 21st Century ROAD to Housing Act have left many executives with more questions than answers. We’ve convened a former U.S. Comptroller of the Currency, a leading Wall Street policy analyst, and ModernFi’s CEO to break down where things stand and what it means for financial institutions across the nation. August 12 · 11 AM EST / 8 AM PDT
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ConnectOne Bank is a commercial bank headquartered in Englewood Cliffs, New Jersey, with offices across New Jersey, New York, and South Florida. With over $14 billion in total assets and over $11 billion in total deposits, ConnectOne serves a broad base of consumer and business clients who expect both the security of FDIC coverage above standard limits and the competitive pricing of a bank that is working hard for them. ConnectOne joined the NBID network to deliver exactly that. |
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Mission Valley Bank, headquartered in Sun Valley, California, was founded in July 2001 by local business people and bankers with deep roots in the San Fernando Valley. Since opening its doors, the bank has built a reputation as a Trusted Advisor to its clients, a distinction recognized annually by the San Fernando Valley Business Journal, which has named Mission Valley Bank Business Bankers “Most Trusted Advisor – Business Banking” every year since the award’s inception. Mission Valley Bank is an SBA Preferred Lender and CDFI-certified independent community bank with an unwavering commitment to the individuals, businesses, and communities it serves. |
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A couple of snapshots from our time on the road this month.
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NBID is on the road in August. If you will be at the below, we would love to connect.
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*NBID LLC is not a bank. Deposit insurance covers the failure of insured institutions, not NBID. Deposits are placed at FDIC-insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. A list of participating banks appears at https://www.nbid.com/bank-list.
† As of 2026 Q1 FFIEC Call Reports.
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