Depository Services for Public Funds

Overview

Financial, Legal, HR & Staffing

San Antonio, Texas, United StatesPosted 29 days agoDeadline: May 11th, 2026

Fit Score

Settle Intelligence

Settle helps teams find, evaluate, and respond to public RFPs. We continuously surface new opportunities, score them against your company strengths, and draft proposal responses so you can focus on the work that wins business.

SUMMARY

The City of San Antonio seeks a qualified financial institution to provide full-service depository and banking services for municipal funds over a five-year period.

KEY REQUIREMENTS

Must have a branch within City limits (Zip Code 78209)
Must have the ability to provide sufficient collateral for deposits
Must demonstrate financial strength and stability
Must have the ability to perform and provide the requested services in the RFP
Must not be debarred from doing business with the State of Texas or the federal government
Must carry errors and omission insurance
Must comply with Texas Local Government Code Chapter 105
Must comply with the Public Funds Investment Act and Public Funds Collateral Act

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

60 months

TIMELINE

Date of Issuance: April 8th, 2026

Due Date for Written Questions: April 22nd, 2026

Due Date for Responses: April 27th, 2026

Due Date for RFQ Bid Package: May 11th, 2026

Anticipated City Council Consideration: June 2026

QUESTION DEADLINE

April 22nd, 2026

Issuing Agency

City Of Alamo Heights

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

The City of San Antonio requires a vendor to provide comprehensive depository services for its public funds. The selected institution will serve as the official Banking Services Depository, handling all aspects of banking for the city's various accounts over a five-year contract period.

Key services include receiving deposits, paying items, wiring funds in and out, processing stop payments, facilitating time deposits, and supporting other standard business banking activities. The scope of work also includes the processing of deposited checks and cash, encoding services, and returning stamped duplicate deposit slips to the City. Additionally, the contract covers general Automatic Clearing House (ACH) services, wire transfers, account reconciliation, and bank statement provision.

All interested vendors should be able to meet the volume and service requirements as outlined in the Proposal Form. Clarification questions may be submitted prior to the specified cutoff date.

Source attribution

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