Source Deposits
Funding on demand,
without the collateral
An instrument for your ALCO. Set a target balance, then draw deposits from across the network onto your balance sheet. Scale the funding up or down as your targets move, with no securities to pledge and no rate special.
- Western regional bank$8B assets · AZ$15.0MSettled
- Community bank$1.2B assets · MO$12.5MSettled
- Mid-Atlantic bank$3.6B assets · VA$15.0MSettled
- ·Additional membersAllocating across the network$7.5MAllocating
Funding without collateral
Set your target balance, then draw the funding you need. No securities to pledge, no advances to draw, no collateral to monitor.
Funding you can size up or down
Draw funding to a target balance and adjust it as conditions change. No fixed maturity and no lockup.
Diversified and transparent
Source from member institutions across industries and geographies. Pricing is a single transparent network rate, and funding settles in days.
How it works
Set the order, take the funding
Source deposits with a treasury-grade workflow. Set your target in the portal, route the order to the network, and pull stable funding from member institutions onto your balance sheet.
- 01Step 01Target$50MRate3.64%CollateralNone
Set your target
Set a target balance, right in the admin portal. No collateral to pledge, no credit line to draw, no campaign to launch.
- 02Step 02
Match across the network
The network allocates available liquidity from member institutions to your target on its settlement cycle. Every placement clears at a single transparent network rate.
- 03Step 03Settledon balance sheet$50,000,000Adjustable up or down, no fixed maturity
Settle on your balance sheet
Funding lands on balance sheet, diversified across institutions. Scale your target up or down as your ALCO calls for it, with no fixed maturity.
Why it's different
A modern alternative to wholesale funding
Treasury teams use sourced deposits alongside, or in place of, the wholesale funding they already run. The structure is built for the desk: non-collateralized, diversified, and adjustable on your timeline.
| ModernFiSourced deposits | FHLB advances | Brokered CDs | |
|---|---|---|---|
| Collateral | None required | Securities pledged | None required |
| Availability | On demand, to your target | Subject to collateral capacity | Issued in tranches |
| Term | Demand, no fixed maturity | Fixed term | Fixed term |
| Adjust down | Scale to your target | Term commitment | Locked for the term |
| Counterparties | Diversified across the network | Your FHLB | Varies by issuance |
| Pricing | Single network rate, in the portal | Advance desk | Through a broker |
Collateral. None required
Availability. On demand, to your target
Term. Demand, no fixed maturity
Adjust down. Scale to your target
Counterparties. Diversified across the network
Pricing. Single network rate, in the portal
Comparison reflects typical instrument structures. Specific terms vary by provider and program. Sourced deposits are placed through the network and settle on your balance sheet. Funding options differ in structure and in their regulatory treatment, including under brokered-deposit and reporting rules. That treatment depends on your institution's facts and is determined by you and your regulators. This comparison describes structural features only and is not legal or accounting advice.
The network
Funding that deepens as the network grows
Every institution that joins adds liquidity and another potential counterparty. Sourced funding gets deeper and more diversified as the network scales.
Financial institutions on the network, every one a potential counterparty.
Community banks have historically been forced to choose between turning away good customers or accepting deposits that hurt their margins and tie up capital. NBID's economics change that equation entirely. It's a significant advantage in how community banks can approach deposit gathering.
Three motions, one network
Pair sourcing with the rest of the network
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.