Bank Depository Services

Overview

Financial, Legal, HR & Staffing

Taylor, Texas, United StatesPosted about 1 month agoDeadline: April 23rd, 2026

Fit Score

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SUMMARY

The City of Taylor, Texas is soliciting proposals for a three-year bank depository services contract, seeking efficient and secure management of all municipal banking activities.

KEY REQUIREMENTS

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

36 months

TIMELINE

Release of Request for Proposal: March 22nd, 2026

Deadline for questions concerning the RFP or services requested: March 31st, 2026

Responses given to any questions on the RFP - provided to all known proposers: April 7th, 2026

Deadline for Proposal submission: April 23rd, 2026

City Council award of contract: May 28th, 2026

Contract commencement: July 1st, 2026

QUESTION DEADLINE

March 31st, 2026

Issuing Agency

City of Taylor, Texas

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DESCRIPTION

The City of Taylor, Texas seeks a qualified vendor to provide comprehensive bank depository services. The primary objective is to deliver efficient banking solutions for all city accounts, encompassing standard commercial deposit services and daily deposits from multiple city departments such as parks, municipal court, library, animal control/shelter, as well as consolidated deposits for the development department and utility billing.

The selected institution will be responsible for managing wires, securities transactions, and ACH services linked to both incoming concentration and outgoing disbursement accounts. Required services include automated treasury management, remote deposit, positive pay and account reconciliation, funds transfer and wire solutions, stop payments, account analysis, and the provision of monthly statements. The city emphasizes the importance of minimizing banking costs, improving operational efficiency, maximizing investment earnings, and maintaining high standards of creditworthiness and customer service. A depository/collateral agreement and related service agreements will be part of the engagement. The anticipated contract period is three years.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.