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Minority Bank Deposit Program (MBDP)

Annual Recertification

To remain active in the program and on the list of eligible participants, all financial institutions must be recertified every year.

Before the due date for recertification each year, Fiscal Service sends a notice telling the institution about the deadline for submitting the application for recertification.

To be recertified, the financial institution may either apply online or submit MBDP Form 3144.

Financial institutions must notify the Fiscal Service if there is any change in their status that could affect their eligibility in the MBDP.

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