Attract depositors with
additional security and
manage your balance sheet
Use ModernFi's Deposit Network to attract and retain large-value depositors with
access to millions in aggregate deposit insurance across network institutions.*
Source funding on demand to fuel asset growth, and sweep excess liquidity to
enhance your margins. ModernFi's software and integrations eliminate friction
for FI operators and depositors.
*A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank,
and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through"
FDIC deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Grow deposits and customer relationships
Attract new customers with access to additional security, a powerful non-rate value proposition
Retain key accounts
and minimize runoff
Provide coverage to strengthen relationships, trust, and stability with your largest depositors.
Manage your deposit base and balance sheet
Source overnight funding on demand and sweep excess liquidity to strategically manage your balance sheet.
Supercharge your deposit growth,
depositor relationships, and balance sheet
ModernFi's deposit network connects financial institutions to let them reciprocate (exchange), source, and sweep deposits. Banks and credit unions can seamlessly utilize the network to provide access to millions in aggregate insurance across network institutions*, source funding to strengthen their balance sheet, or sweep excess deposits to generate fee income.
*A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank, and
deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through"
FDIC deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Grow relationships with accounts offering access to millions in aggregate insurance through network institutions*
Financial institutions can leverage ModernFi's Deposit Network to offer millions in aggregate deposit insurance through network institutions* to attract large-value depositors, retain key relationships, and grow new business lines.
Depositors enjoy the peace of mind additional security through a single financial relationship
Insurance is a strong, non-rate value proposition for high-
net-worth individuals, businesses, public funds, nonprofits, and others
ModernFi's software and integrations provide a frictionless
account experience for depositors and your ops team
*A list identifying ModernFi / NBID network banks can be found here. ModernFi is not an FDIC-insured bank, and deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for “pass-through" FDIC deposit insurance coverage to apply. A list identifying ModernFi CUSO network credit unions can be found here.
Tactically manage your deposit base and balance sheet
Through ModernFi’s network, you can source funding on demand
and sweep excess liquidity to meet balance sheet needs and
improve key financial metrics.
Source stable, cost-effective overnight funding from network institutions to shore up liquidity and support asset origination
Sweep deposits to network institutions to strategically support large partner accounts and potentially improve net income, capital ratios, and return on assets
Manage and optimize your balance sheet and funding
initiatives through a powerful, user-friendly portal