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NBID network crosses 600 member banks
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NBID Network Update: May 2026

NBID Network Update — May 2026

The NBID network continued its rapid expansion in May and now has 656 total banks in the network with 230 fully onboarded. In May, NBID welcomed 43 new banks and activated 24 new members. Across Q2 as a whole, NBID welcomed 88 new banks and activated 48 new members. Here's your monthly snapshot of network activity and market developments.

NETWORK AT A GLANCE

*Percent increase since April 2026 Network Update

Growing Insurance Capacity

At network launch, maximum coverage was $5 million per depositor through network banks.* Today, depositors can access $32 million in aggregate insurance through participating institutions.* We expect insurance levels to continue to grow quickly.

MEMBER STATS
NETWORK RATES
NETWORK ACTIVITY (DEPOSITOR MIX BY $)
62% 22% 12% 4%
 Business  Consumer  Local Govt  Nonprofit
PRODUCT UPDATES
WHAT WE'RE WATCHING
PHOTOS FROM THE ROAD
UPCOMING NBID EVENTS

NBID is on the road this June, attending 13 conferences across 12 states. If you will be at any of the below, we would love to connect.

*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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