Banking Services for Irmo Government Authority

Overview

Financial, Legal, HR & Staffing

Irmo, South Carolina, United StatesPosted 21 days agoDeadline: May 22nd, 2026

Fit Score

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SUMMARY

The town of Irmo, South Carolina seeks a provider for full banking and investment services, including remote deposit capture and account transfers.

KEY REQUIREMENTS

Must be chartered to do business in South Carolina
Must maintain at least one full-service branch within seven miles of the Irmo Town Hall
Must be a sending and receiving bank of the National Automated Clearing House Association
Must agree to provide all banking and investment services as outlined in the RFP
Must agree to provide 100% collateral on all funds in excess of FDIC limits
Must be able to provide online banking services including image retrieval, prior day and current day reporting, and ACH fraud filters
Must be able to provide bank-issued credit cards with online access and limit management
Must not be in arrears or in default with the Town on any previous contract

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

84 months

TIMELINE

Request for Proposals Issued: April 13th, 2026

Notice of Intent to Respond Due Date: April 24th, 2026

Questions/Clarifications Due: May 1st, 2026

Responses to Questions Distributed: May 8th, 2026

Proposals Due: May 22nd, 2026

Interviews of Selected Banks: June 3rd-4th, 2026

Town Council Approval: June 16th, 2026

QUESTION DEADLINE

May 1st, 2026

Issuing Agency

Town Of Irmo

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority in Irmo, South Carolina is seeking a vendor to provide comprehensive banking services for the town. The scope of services includes managing all banking and investment activities, ensuring that the town's banking needs are met efficiently and securely.

Key requirements include the provision of remote deposit capture for four town accounts, with an average of 150 deposited checks per month. The town also requires the capability to handle cash deposits at a bank branch, averaging $780 in monthly cash transactions. Additionally, the vendor must offer the ability to transfer funds between all town bank accounts, with only single custody required for these account transfers.

Interested vendors must submit any questions about the RFP by May 1, 2026. The successful bidder will be expected to facilitate secure and reliable banking operations for the town, including both electronic and in-person services.

Source attribution

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