Financial Institutions

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.

BND offers this service to financial institutions. If you have questions, contact us  or call 701.328.5644

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

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5644

BND provides monthly portfolio accounting reports along with updated market values for all securities. Learn more

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5732

Coin & Currency

An authorized officer, employee or agent of the institution may order coin and currency through BND Direct or by phone. Orders must be placed by 10:30 a.m. CT for same-day mail shipment or 3 p.m. CT for next-day, armored car pick-up.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5618

Deposit Accounts

Your deposit account at BND allows you to move money freely for correspondent banking activities.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5618

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. Learn more

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5678

Fed Activity Settlement

Settle your Fed activity through your account at BND

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5644

BND provides a daily market for the purchase and sale of funds. Learn more

Fed Funds Rate
12/15/2016
Fed Funds Rate
12/15/2016
Invested Borrowed
.625% 1.125%
Fed Funds Rate
12/15/2016
Invested .625%
Borrowed 1.125%

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5723

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.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5723

Federal Reserve Pass-through

Maintain your pass-through reserves through your account at BND.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5644

Foreign Currency/Drafts

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.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5618

Government Security Purchases

Customers can request the purchase or sale of any government security through BND with corresponding safekeeping fees for deliveries waived.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5678

Item Processing

BND provides electronic clearing of checks and return items. Use BND to receive Federal Reserve Bank cash letter files.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5645

To issue a LOC, a North Dakota financial institution submits a written request to BND for the LOC. Learn more

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5723

Loan Payments

View your participation loan activity, submit payments and request advances.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5666

BND holds investments pledged as security for the repayment of public deposits. Learn more

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5723

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.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5607

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

Delivery Instructions

Fed Book Entry
Bank of North Dakota Bismarck/1020
ABA #091300285

Other Book Entry
Depository Eligible DTC Book Entry
JP Morgan Chase
DTC Participant Account No. 00902
Reference: G54194 Bank of North Dakota

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5607

Wire Transfers

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.

BND offers this service to financial institutions. If you have questions, contact us or call 701.328.5644