Banking Services
Overview
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
RFP Advertisement: August 7th, 2026
Proposal Submission Deadline: August 27th, 2026 at 10:00 a.m.
Anticipated Award: September 16th, 2026
Contract Term: January 1st, 2027 through December 31st, 2028
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
Manasquan River Regional Sewerage Authority
DESCRIPTION
A government authority in Manasquan, New Jersey is seeking a financial institution to provide comprehensive banking services for a one-year contract period. Required services include monthly account analysis statements showing earning credits or compensating balances, itemized fees, interest credited, and account activity through a month-end statement cutoff.
The selected institution will provide deposit slips, endorsement stamps, customized forms, standard-size deposit bags, and automatic redeposit of nonsufficient-funds checks. The authority also intends to continue using positive pay services to help prevent fraudulent checks from being presented against its accounts.
The banking provider must offer secure web-based cash management access for balance and transaction information, including deposits and paid checks, with printing capabilities. The institution must also support payroll-related banking for an outside payroll processor and have the capability to originate incoming and outgoing wire transfers.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due August 27, 2026.
- Who issued this RFP?
- It was issued by Manasquan River Regional Sewerage Authority. The work is located in Farmingdale, New Jersey, United States.
- Who is a good fit for this opportunity?
- Financial institution with experience providing banking services to government authorities
- Secure online cash management and transaction reporting capabilities
- Positive pay, wire transfer, deposit processing, and nonsufficient-funds check handling expertise
- Ability to support public-sector account reporting and coordinate with third-party payroll providers
- Established presence serving organizations in New Jersey
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.