ModernFi enables you to
offer accounts with
additional security to your
highest-value depositors
Reciprocate deposits with other financial institutions to easily safeguard your depositors' balances
with access to millions in aggregate insurance provided through program banks and credit unions*
*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.
Strengthen Your Relationships and
Grow with Reciprocal Deposits
Utilize ModernFi's reciprocal network to provide additional security without losing deposits. The reciprocal
program places funds at other banks or credit unions in the ModernFi Network to make them eligible for coverage
while sending back matching amounts to eliminate any impact on balance sheet size.
Reciprocal Deposits Help
Your Financial Institution
Attract large-dollar deposits
Regional & community banks and credit unions can now offer the same peace of mind as a larger national bank, with deposits backed by the full faith and credit of the United States government
Enhance stability
Grow your stable, low-cost funding base by attracting large-value, non-rate seeking accounts.
Give yourself greater flexibility
Unlike other liquidity tools in your ALCO's toolkit, reciprocal deposits help grow your funding base with core, organic relationships and accounts.
Increase profitability
Improve the insured composition of your balance sheet and improve your financial performance without relying on rate.
Grow share of wallet
Capture a greater share of your existing wealth, business, and commercial relationships by offering additional safety with competitive interest rates.
*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.