NBID, LLC
Description
NBID (National Bank InterDeposit Company) is the first bank-owned, bank-driven reciprocal deposit network, formed to give community and regional banks direct oversight, transparency, and long-term control over a critical piece of their deposit infrastructure. NBID enables banks across the country to offer expanded FDIC insurance, retain large depositors, and reduce uninsured balances. Through NBID, banks can leverage reciprocal deposits, sweep funds, and access funding — all at materially lower costs than legacy deposit networks and with full governance oversight. NBID delivers modern, API-driven technology, streamlined operations, dedicated institution support, and a profit-share model that returns value directly to participating banks. All participating depository institutions receive a membership interest in NBID.
Contact: Tony Karalekas
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Contact Information
Address
27 W 24th Street, Suite 701, New York
Phone
Email
Website
Zip/Post Code
10010
