Sweep Deposits
Convert excess liquidity into fee income
Sweep balances off your balance sheet into the network to potentially generate fee income, improve net interest margin, and manage balance-sheet size. The depositor keeps the relationship, and the excess earns recurring income at the network rate.
- NBNetwork bank 1Southeast region$48.2M39%
- NBNetwork bank 2Midwest region$31.5M25%
- NBNetwork bank 3West region$24.9M20%
Idle deposits become revenue
Excess balances flow off your balance sheet into the network. Receiving institutions pay fee income on the placements at the network rate. The result is a recurring revenue stream for the originating institution.
Tighter ratios, no rate moves
Potentially improve return on average assets, net interest margin, and capital ratios by moving balances off the sheet. No rate special required, no back-book repricing.
Execution in days
Compress execution timelines from months to days. Set targets, sweep, and reconcile inside one treasury workflow.
How it works
Deploy idle funds in days, not months
Sweep deposits into the network to generate fee income and manage overall balance-sheet size. Execution compresses from months to days.
- 01Step 01Deposit base$327.9MCore, kept on book Excess, eligibleOperating$18.5MPartner reserve$42.0MLarge-deposit accounts$64.1M
Identify sweep opportunities
Identify relationships where balances sit idle: operating accounts, partner deposits, and large-dollar consumer accounts you want to retain without growing the balance sheet.
- 02Step 02Relationship stays with you
Sweep into the network
Eligible balances flow off your balance sheet to network institutions. The depositor's account, statement, and access all remain with you.
- 03Step 03Fee income, annualized$0.0Mat the network rateROAA+22 bpsNIM+18 bpsCapital+35 bps
Collect fee income
Earn recurring fee income on swept balances, paid by the receiving institutions at the network rate. Pass back to the depositor to deepen the relationship without lifting interest expense.
What's in the platform
A treasury console for your sweep program
ModernFi gives the treasury team a single console for excess-liquidity deployment, with the tracking, controls, and reporting your CFO and ALCO need.
- Institution cap$124.6M / $150M
- Operating segment$31.2M / $40M
- Partner segment$48.9M / $60M
Real-time balance visibility
See swept balances by depositor, segment, and receiving institution. Slice by counterparty and concentration without a spreadsheet handoff.
Balance-sheet controls
Set caps by depositor, by segment, and at the institution level. Sweep up or pull back as ALCO targets move.
Automated reconciliation
Daily reconciliation of swept balances, fee accruals, and counterparty allocations, posted straight into your GL and operational reporting.
Deepen relationships
Pass income back to the depositor at the account or segment level. Deepen the relationship without raising overall cost of funds.
The proof
Sweep and reciprocal deposits grow funding together
Institutions running both sweep and reciprocal deposits grow funding faster than peers running neither.
At institutions that used sweep and reciprocal deposits in 2023 and 2024 compared to those that did not.
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.
Source: Analysis of FFIEC Call Reports, network aggregates.
Three motions, one network
Pair sweeping 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.