Checking and Savings Accounts

You must be a resident of North Dakota in order to open a checking or savings account. For proof of ND residency, an individual must have a North Dakota driver’s license and a physical address in North Dakota. A business must have a physical address in North Dakota and at least one signatory on the account must be a North Dakota resident.

Deposits are not accepted from individuals whom reside out of state or do not meet these criteria. Additionally, BND does not set up accounts for virtual currency, businesses related to marijuana or hemp growing/distribution and internet gambling businesses.

Federal banking laws and regulations mandate financial institutions to obtain and document the identification and other pertinent information of their customers. In order for BND to meet these regulations, an individual must come to the Bank, located at 1200 Memorial Highway in Bismarck, to open an account.

  • You will be asked to show your North Dakota driver’s license
  • You may also be asked to provide proof of your address as documented on an electric bill or other type of billing

At that time, we will review the request to open an account. Account opening is subject to approved credit.

Because of our unique structure, it is the Bank’s policy not to compete with the private sector for retail deposits. Therefore, convenience products such as debit cards, credit cards or online bill pay are not offered. BND offers ATM cards, mobile banking, and mobile deposit to individual checking and savings account customers*.

*These services are not available to business customers.

Personal Accounts

Individual CheckingIndividual Interest CheckingIndividual Savings
Minimum to Open$200$1,000$50
Minimum Balance$200$1,000$50
Service Charge$5$10$5
Paper Statement Fee$2$2$2
Dormant Fee$5$5$5

Business Accounts

Business CheckingBusiness Interest CheckingBusiness Savings
Minimum to Open$1,000$1,000$1,000
Minimum Balance$1,000$1,000$1,000
Service Charge$10$10$10
Paper Statement Fee$2$2$2
Dormant Fee$5$5$5
  • Transfers from savings accounts to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per statement cycle with no transfers by check, draft, debit card or similar order to third parties.
  • A service charge will apply each month when the balance falls below the required minimum balance.
  • Statement Fee is waived for individual customers 65+ or when enrolled in eStatements.
  • Your interest rate and annual percentage yield may change daily. Interest will be compounded and will be credited to your account on your statement date every month.
  • The daily balance method is used to calculate interest on your account. A daily periodic rate is applied to the principal each day.
  • Interest begins to accrue on the business day you deposit non-cash items such as checks.
  • Dormant Fee will apply each month after no customer-initiated activity for 24 calendar months.