Commercial
Operating, reserve, and payroll balances held on safety, not rate. Keep payments, lending, and treasury in one relationship.
$1.8M
56%
Typical relationship
Of network deposits
Intelligent infrastructure to grow deposits and revenueIntelligent infrastructure to grow deposits,
deepen relationships, and scale revenue
ModernFi operates institution-owned deposit networks, helping financial institutions of all sizes provide reciprocal deposit insurance, optimize funding, and improve profitability.ModernFi operates institution-owned deposit networks, ensuring members have alignment with their systemically-important infrastructure. Our networks help financial institutions of all sizes provide reciprocal deposit insurance, optimize funding, and improve profitability.
Trusted by 955 of the nation's leading institutions
managing $3.6T deposits across all 50 states
* A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank or NCUA-insured credit union, and deposit insurance covers the failure of an insured institution. Certain conditions must be satisfied for “pass-through” deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Owned by members
Institution-owned networks for alignment, stability, and upside
For banks
ModernFi serves as network operator for NBID, a standalone LLC owned by its over 800 member banks. Modeled after Visa at founding,bank coalitions supporting foundational infrastructure (like Visa at founding, DTCC, The Clearing House), member banks receive preferential pricing, profit share, and oversight through a bank-majority board.
For credit unions
ModernFi operates a credit union service organization (CUSO) serving over 145 credit unions. It is owned directly by 10 credit unions and funded by industry CUSOs representing over 185 more.
The value of a reciprocal network is the institutions themselves. Now, member institutions can benefit from the networks they power.
Trusted by the industry
Embraced across American banking
Supporting 955 institutions across every asset tier. NBID is a Premier Member of the American Bankers Association’s Partner Network, a Principal Partner of the Mid-Size Bank Coalition of America, and is partnered with 40+ state bankers associations across the country.
955
Member institutions, all sizes
872
Community
Under $10B
67
Regional
$10B–$50B
16
Super regional
Over $50B
Premier Member
American Bankers Association
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Value for institutions
Grow deposits, deepen relationships, scale revenue
Attract and retain large-balance depositors across every segment. Offer accounts with access to millions in aggregate insurance across network participants* while keeping the relationship at your FI. Receive reciprocal deposits back from the network so the balance stays on your balance sheet.
Public funds
Win municipal mandates with no or reduced collateral. Public-funds balances on the network grew over 100% year-over-year.
$3.5M
17%
Typical relationship
Of network deposits
Private wealth
Consolidate the balances your largest individual clients otherwise scatter across institutions. Compete with the largest on safety.
$2.4M
18%
Typical relationship
Of network deposits
Nonprofits & fiduciary
Endowment reserves, IOLTA, escrow, and trust accounts that require fully insured cash. Met by one account.
$1.2M
9%
Typical relationship
Of network deposits
* A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank or NCUA-insured credit union, and deposit insurance covers the failure of an insured institution. Certain conditions must be satisfied for “pass-through” deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here. Typical relationship balances from the ModernFi whitepaper, April 2026; illustrative. Share of network deposits from NBID network update, depositor mix by $, April 2026.
Technology & Innovation
A better product experience for your depositors and admins
ModernFi improves the product experience for your highest-balance depositors and reduces the operational lift for your institutional admins so you can focus on strengthening your growth and relationships.
Treasury · Community Bank
Live
Reciprocal · out
$342.8M
+$12.1M today
Reciprocal · in
$341.2M
+$11.8M today
Active depositors
1,284
+18 this week
Allocation by counterparty
22 institutions · all slices under $250K
- Pacific Trust Bank$24.8M7.2%
- Cascade Federal$22.1M6.4%
- Lakeshore Community$19.5M5.7%
- + 19 additional counterparties
Margaret Whitfield
SweepInsured Sweep
Available balance
$5,000,000
CoverageUp to $25M
InstitutionsNetwork institutions100 banks
Operating Checking
$1,230,432.04
Recent activity
- Wire depositFrom: settlement+$2,000,000
- Sweep distributionTo: Insured Sweep+$500,000
- Interest paymentMay credit+$8,420
- Outgoing wireTo: vendor−$45,000
An enjoyable depositor experience: Integrated into your own mobile and web apps, and a depositor portal in your brand to keep your relationships with you, not a third party vendor.
Being able to point our customers to an SSBOK website and carry our own branding through the portal matters to us. It keeps us front and center with our customers, so it's our product rather than someone else's.
A powerful admin experience: Core integrations, custom reporting, customizable views, benchmarking, and more give your admins superpowers and reduce their workload.
We have technology that's from 2026, not 1996. NBID's sleek look and easy use is both beneficial to customers and the back office at the bank.
The product visual is an illustrative example. Figures, institutions, and individuals shown in it are hypothetical and do not represent actual or expected results or any real customer or network member. Where coverage is shown, deposits are eligible for pass-through FDIC insurance, subject to applicable conditions, up to $250,000 per depositor, per institution.
Institution Success
White-glove support.
A team that knows your goals.
Every member institution is assigned a Regional Director who leads onboarding and training, works with you on marketing assets and deposit targets, and runs recurring sessions focused on your growth and goals throughout the partnership.
- 01
A Regional Director, by name.
Each institution is assigned a Regional Director who knows your core, your priorities, and your customers. They lead staff training, run weekly touchpoints, support with conversations with your largest depositors, and own the growth plan alongside your team.
- 02
Branded marketing assets and support.
Depositor guides, public-funds explainers, transition kits, email sequences, landing-page blocks, frontline-staff manuals, and conversation starters. Built in your institution's brand, not in ours, so you own the depositor experience. Ready before your program goes live.
- 03
Prospect intelligence and co-marketing.
Our data and analytics identify the businesses, municipalities, and high-balance prospects in your target areas. Our growth dashboards track every conversation through to placement. State-association webinars and regulatory panels put your team in front of your peers.
“Katherine, the network is awesome, but it is your service level that sets you apart.”
“Elizabeth, you've been exceptional to work with. They're fortunate to have you — and so are we!”
“Claudia, I can't thank you enough for the collaboration, trust, and support you've shown throughout our partnership.”
“Austin, lots of partners promise the sun, the moon, and the sky, then fall short. You're delivering on every expectation!”
“Sam, thank you for making the effort to work with us — we created a ton of energy behind our program!”
“Andrew, what sold us wasn't only the technology and price, it was that you are passionate about what you do. We never had to worry.”
“Scarlett, thank you for always taking care of our customers. We appreciate you!”
“Alaina, I always know I can reach you. You're so good to me — thank you!”
“Michaela, thank you again. You have a great way of breaking things down in a way that's easy to understand and put into action.”
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You're always willing to hop on a call, and we love the platform. The network is awesome, but it is your team's service level that sets you apart. It's amazing to give feedback and see it implemented less than a week later.
What our partners are saying
Reciprocal networks allow us to better serve clients of all sizes. Through NBID, we finally have oversight over a service that has quickly become essential to our growth and stability, and we benefit financially from its success.
Chris Maher
CEO, OceanFirst Bank
We control this network. It is a bank-governed network. I think of it as like a cooperative. We bring the value to the table through the client base and the deposit base, and we are governing it as the board of directors.
John Asbury
CEO, Atlantic Union Bank
What sets NBID apart is that the network is bank-driven. The infrastructure exists to serve the institutions in it, not the other way around. Byline Bank joined because we wanted upside and alignment over our deposit infrastructure.
Alberto Paracchini
President & CEO, Byline Bank
ModernFi CUSO provided a platform for us to own the full deposits relationships with organizations whose mission align with ours. We're grateful for the partnership and support in serving large members that were previously out of reach.
Carole Wight
CEO, Holy Rosary Credit Union
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.