Welcome to Banking Services!
Bank of North Dakota is a Correspondent Bank for most financial institutions in North Dakota. In this role, the Bank provides a secure, cost-effective service with high availability of funds. Currently, the Bank processes more than 3 million items per month.
Many North Dakota financial institutions maintain their check clearing with BND and use the Bank's account with the Federal Reserve Bank to settle their cash letter charges, ACH activity, or other activity received through the Federal Reserve System.
In addition, our Retail Department provides services to depositors of Bank of North Dakota. While BND does have retail products similar to other financial institutions, these services are limited in scope. Depositors at BND include state government agencies, city/county municipalities, and the citizens of North Dakota.
In contrast to most commercial banks, Bank of North Dakota is not a member of the Federal Deposit Insurance Corporation (FDIC). North Dakota Century Code 6-09-10 provides that all deposits in Bank of North Dakota are guaranteed by the state.