Banking Services

Overview

Financial, Legal, HR & Staffing

Rochester, Minnesota, United States; Winona, Minnesota, United StatesPosted 2 months agoDeadline: April 16th, 2026

Fit Score

Settle Intelligence

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SUMMARY

The government authority in Minnesota requires a vendor to deliver secure, efficient, and comprehensive banking services, including account management, fraud protection, EFT reporting, and a web-based credit card platform.

KEY REQUIREMENTS

BUDGET

Estimate

$250,000 – $1,000,000

CONTRACT DURATION

60 months

TIMELINE

RFP Open: February 26th, 2026 7:00 AM CST

RFP Close: April 16th, 2026 2:00 PM CDT

Proposals Sealed Until: April 16th, 2026 2:00 PM CDT

Contract Negotiation Deadline: June 1st, 2026

Contract Effective Date: July 1st, 2026

QUESTION DEADLINE

April 16th, 2026

Issuing Agency

Winona State University

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

The government authority in Minnesota is seeking a vendor to provide comprehensive banking services to support its daily financial operations. The selected vendor will be responsible for managing key accounts, including activity checking, direct deposit, and an Insured Cash Sweep account, ensuring secure, compliant, and efficient banking solutions.

Required services comprise daily transaction processing, detailed EFT reporting, ACH capabilities, Positive Pay fraud protection, monthly account analysis, and local depository operations. Additionally, vendors must supply a modern, web-based platform to administer the credit card program, offering functionalities such as cardholder reporting, reconciliation, and round-the-clock support.

This RFP emphasizes the need for advanced banking capabilities to streamline financial activities and safeguard assets, coupled with enhanced reporting and customer support.

Source attribution

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