NBID Passes 700 Members: The Bank-Owned Deposit Network
NBID Reaches Over 700 Member Banks Across the US
Yesterday, the National Bank InterDeposit Company (NBID) officially reached over 700 member banks across the United States. Reciprocal deposits have become foundational banking infrastructure, and over 700 banks have concluded that infrastructure this critical belongs in the hands of the banks that depend on it.
Institutions of every size, from community banks to super regionals, are turning to NBID for the key benefits of membership.
Key Benefits of NBID Membership
Banks and representatives interested in learning more about NBID and its services can reach out to NBID at contact@nbid.com. The full list of member banks is available at nbid.com/bank-list.
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.
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