Banking Services

Overview

Financial, Legal, HR & Staffing

Urbandale, Iowa, United StatesPosted about 1 month agoDeadline: May 1st, 2026

Fit Score

Settle Intelligence

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SUMMARY

Seeking a single banking institution to provide comprehensive business banking services for a government authority in Urbandale, Iowa.

KEY REQUIREMENTS

Must be a banking corporation authorized to do business in the State of Iowa
Must be in compliance with Iowa Code Chapter 12C for public funds
Must be federally insured
Must be a member of the Federal Reserve System
Preferred to have at least one full-service branch located within the city limits of Urbandale, Iowa
Must be sufficiently capitalized to accommodate the City’s cash management needs
Must have experience in providing banking services for other large organizations, preferably other municipalities or government agencies

BUDGET

Verified

TIMELINE

Date Issued: April 1st, 2026

Clarifying Questions Due: April 24th, 2026

Proposals Due: May 1st, 2026

Review of Proposals: May 4th, 2026 – May 25th, 2026

City Council Consideration of Contract Award: June 2nd, 2026

Tentative Contract Start: July 1st, 2026

QUESTION DEADLINE

April 24th, 2026

Issuing Agency

City Of Urbandale

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DESCRIPTION

The government authority in Urbandale, Iowa is seeking proposals from qualified financial institutions to provide comprehensive banking services. The selected provider will serve as the primary commercial bank or credit union responsible for delivering a full suite of business banking services that meet the authority's operational needs.

Key services include managing the general operating account, facilitating wire transfers, processing automated clearing house (ACH) transactions, ensuring funds availability, handling stop payments, providing up-to-date balance information and reporting, and offering cash management solutions. Additional requirements comprise remote deposit services, custodial and trust services, and administration of a purchasing card program. The selected banking institution must assume full responsibility for all services proposed, regardless of whether they are delivered directly or through subcontracted arrangements.

Interested vendors are encouraged to submit questions regarding this RFP by April 24, 2026.

Source attribution

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