Financial Institutions

Bank of North Dakota (BND) is committed to the success of our state. As the correspondent bank for most financial institutions in North Dakota, we appreciate the confidence and trust you place in us.

Automated Clearing House (ACH)

Originate ACH payments, move money electronically and process payroll files and accounts payable files. Submit your own NACHA-formatted files and upload them to BND. Use BND templates if you are unable to create a NACHA-formatted file. Click here to learn more about Automated Clearing House (ACH).

BND Direct-Cash Management

Conduct cash management activities from multiple points within your institution through a secure Internet connection. Activities include administration, ACH services, Balance Reporting, Bank Reporting, Book Transfers, Loan Payments, Participation Loan Activity, Messaging and Wire Transfers. Click here to learn more about BND Direct-Cash Management.

Bond Accounting

BND provides monthly portfolio accounting reports along with updated market values for all securities. Click here to learn more about Bond Accounting.

Coin & Currency

An authorized officer, employee or agent of the institution may order coin and currency through Rochester Armored Car Services. The financial institution must sign a contract with Bank of North Dakota prior to accessing this service. Click here to learn more about Coin & Currency.

Collateral Valuation Services

BND provides Collateral Valuation Services to any North Dakota financial institution. Click here to learn more about Collateral Valuation Services.

Deposit Accounts

Your deposit account at BND allows you to move money freely for correspondent banking activities. Click here to learn more about Deposit Accounts.

Executive Analytics

Interest rate risk analysis is performed on securities held in bond accounting. Price volatility is calculated under rate shocks of up or down 100, 200, 300 or 400 basis points. Click here to learn more about Executive Analytics.

Fed Activity Settlement

Settle your Fed activity through your account at BND. Click here to learn more about Fed Activity Settlement.

Federal Funds

BND provides a daily market for the purchase and sale of funds. Click here to learn more about Federal Funds.

Federal Funds Sweep

Fed Funds Sweep can assist you in maintaining your target DDA balance. The Fed Funds Sweep occurs automatically when your DDA balance is above or below the target balance determined by your financial institution. Click here to learn more about Federal Funds Sweep.

Government Security Purchases

Customers can request the purchase or sale of any government security through BND with corresponding safekeeping fees for deliveries waived. Click here to learn more about Government Security Purchases.

Item Processing

BND provides electronic clearing of checks and return items. Use BND to receive Federal Reserve Bank cash letter files. Click here to learn more about Item Processing.

Letter of Credit Pledge for Public Deposits (LOC)

To issue an LOC, a North Dakota financial institution submits a written request to BND for the LOC. Click here to learn more about Letter of Credit Pledge for Public Deposits.

Loan Payments

View your participation loan activity, submit payments and request advances. Click here to learn more about Loan Payments.

Pledging Services

BND holds investments pledged as security for the repayment of public deposits. Click here to learn more about Pledging Services.

Repurchase Agreements

BND facilitates your issuance of repurchase agreements in place of excess deposit insurance. If additional liquidity is needed, securities can be pledged to BND following the same procedure as the Secured Federal Funds Program. Repurchase agreements are more commonly used to securitize your non-public deposits. Click here to learn more about Repurchase Agreements.

Safekeeping

BND provides a safekeeping service for U.S. Treasury securities, federal agency securities, corporate bonds, municipal bonds, money market investments and mortgage-backed securities. Click here to learn more about Safekeeping.

Stress Testing Model

Utilize this Excel-based tool to stress multiple portfolios based on loan-to-value, cash flow and interest rate. Click here to learn more about Stress Testing Model.

Wire Transfers

Wire transfers move quickly and safely through BND.
• Domestic Wires: Initiate by phone or online. Cutoff: 4:00 p.m. CT
• International Wires sent in U.S. funds: Initiate by phone. Cutoff: 3:30 p.m. CT
• International Wires sent in foreign funds: Initiate by phone. Cutoff: 3:00 p.m. CT
Click here to learn more about Wire Transfers.