Banking Service

The government authority located in Pendleton, South Carolina is seeking a qualified financial institution to provide comprehensive banking services. The agency needs a depository bank to manage all receipt and disbursement of funds, primarily through a master operations checking account where all funds are deposited. The selected bank will facilitate transfers from this primary account to a payroll checking account as needed to maintain a zero balance in the payroll account. The scope of work covers depository-related services, treasury and business-related services, and the security of deposits. The agency requires support for accounts receivable transactions involving students and third-party sponsors, including processing payments made via cash, check, e-check, and credit cards. The bank must also manage compensating balance accounts as part of the daily operations. Eligible bidders must be onshore organizations based in the United States. The performance of the contract work may occur either onsite or offsite. The agency is issuing this request to gather proposals and has not disclosed a specific budget. The contract period will span one year. Bidders must submit all questions regarding this opportunity no later than May 26, 2026.