Banking, Custodial, and Cash Management Services

Pre-proposal conference: April 24th, 2026

Last day for written questions: April 29th, 2026

Proposal submission deadline: May 8th, 2026

Contract start date: October 1st, 2026

Contract end date: September 30th, 2031

A government authority in Nashville, Tennessee is seeking a vendor to provide comprehensive banking, custodial, and cash management services. Banking services required include establishing a main bank account and multiple subaccounts for revenues and disbursements, with features such as ACH, wire, and check functionalities. Multiple revenue accounts must be available for deposit purposes, along with specific disbursement accounts for functions such as accounts payable, payroll, workers’ compensation, health care, and flexible spending, as well as a contingency fund account.

Vendors must provide online access to all banking information, including cleared checks, automated stop payment (positive pay) facilities, ACH, wire, and research capabilities. Balance reporting services for all accounts are expected, with details such as ledger and collected positions, float, prior day debit and credit activity, and ACH activity.

For custodial and cash management services, the selected vendor will provide custodial management for investments and escrow accounts. Additionally, they will act as a strategic partner to assist with treasury functions, including developing pricing strategies based on transaction activity, operating funds, and excess funds to minimize costs and maximize investment returns.