NBID
Bankers’ Bank of Kansas (BBOK) has partnered with The National Bank InterDeposit Company (NBID), the first bank-owned deposit network. This partnership connects your bank with the growing NBID deposit network for direct oversight and alignment over your reciprocal deposit infrastructure. NBID’s member banks are located across 49 states in the U.S. and represent over 52% of the existing reciprocal deposit market by volume.
Bank participants in the NBID network can take advantage of several benefits, including:
Alignment and Oversight
Participating depository institutions nominate a majority of NBID’s board of directors.
Significant Cost Savings
Members joining soon receive first year preferential pricing
Net Profit Sharing
Members joining soon receive first year preferential pricing
Seamless Technology
Members joining soon receive first year preferential pricing
Dedicated Account Managers
- Marketing collateral and strategic support
- Customer made and white-labeled website templates
- Ongoing training and support resources
Bank-Owned Model
NBID was formed to ensure that banks have oversight and alignment over their reciprocal deposit infrastructure, which has become vital to so many over the past years. The value of reciprocal deposit networks is the banks themselves; NBID ensures that member banks benefit from the networks they power.