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.
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. Learn more
Coin & Currency
An authorized officer, employee or agent of the institution may order coin and currency through Rochester Armored Car Services’ online ordering system: https://cashservices.rochesterarmoredcar.com/app/.
Collateral Valuation Services
|Fed Funds Rate
|Fed Funds Rate
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.
Order or exchange foreign currency for any country other than countries sanctioned by the U.S. government. Contact us five business days prior to picking up the foreign currency. We will place your order for foreign drafts.
Government Security Purchases
BND provides electronic clearing of checks and return items. Use BND to receive Federal Reserve Bank cash letter files.
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.
BND provides a safekeeping service for U.S. Treasury securities, federal agency securities, corporate bonds, municipal bonds, money market investments and mortgage-backed securities. Learn more
Fed Book Entry
Bank of North Dakota Bismarck/1020
Depository Eligible DTC Book Entry
JP Morgan Chase
DTC Participant Account No. 00902
Agent ID 25787
Institutional ID 26097
Reference: G54194 Bank of North Dakota
Stress Testing Model
Wire transfers move quickly and safely through BND. Domestic wires can be initiated by phone or online; international wires must be initiated by phone. The outgoing international wire deadline is 3:30 p.m. CT and domestic is 4:00 p.m. CT.