Bank Depository Services
Overview
Fit Score
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
June 10th, 2026: Request for Proposal issued.
June 22nd, 2026: Respondents’ Questions Deadline.
June 24th, 2026: Response to Questions & Formal Addendum Issuance.
June 30th, 2026: Proposal Due Date and Bid Opening.
July 27th, 2026: Recommendation of award and approval to enter into contract.
September 1st, 2026: Contract Start Date.
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
College Of The Mainland
DESCRIPTION
The government authority in Texas City, Texas is seeking a vendor to provide comprehensive bank depository services. Required services include receiving deposits, paying items, wiring funds in and out, executing stop payments, and supporting other routine banking activities. The College utilizes direct deposit for payroll with approximately 900 employees, accounting for an estimated monthly debit of $2.2 million.
Expected services also encompass robust digital banking and cash management functions, including internet-based account access, detailed transaction information, ACH and wire processing, security controls, positive pay, statement reprints, Excel export capabilities, and historical account access spanning 12 months or more. Vendors must support ACH credit origination for payroll and vendor payments.
In addition, the vendor should provide payments, receivables, and item processing features, such as no-fee check cashing for non-customers and returned check reprocessing with same-day electronic notifications. Fraud prevention and account controls like ACH debit blocking and user-initiated stop payments with security oversight are required. Monthly statements must be provided promptly, with downloadable images, and accounts should not be declared dormant due to inactivity. Comprehensive monthly analyses of earnings credits and fees are also expected by account and group level.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due June 30, 2026. Questions must be submitted by June 22, 2026.
- Who issued this RFP?
- It was issued by College Of The Mainland. The work is located in Texas City, Texas, United States.
- Who is a good fit for this opportunity?
- FDIC-insured financial institution or bank
- Experience delivering depository services for government or educational entities
- Proven capabilities in digital banking and cash management solutions
- Strong presence in Texas or the surrounding region
- Track record of robust fraud prevention and account control services
Analysis generated by Settle AI from the source RFP.
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