Banking Services

The Galveston Housing Authority in Galveston, Texas is seeking a qualified financial institution to provide comprehensive banking services. The agency requires these services to manage its daily financial operations, secure its funds, and maintain accurate electronic and physical transaction records. The selected institution will handle multiple specialized accounts and provide the necessary physical supplies to support the agency's administrative and community programs. The scope of work covers the maintenance of several distinct accounts, including an administrative account, a development account, an Island Community Centre account, and a separate savings account for Family Self-Sufficiency participants. The agency also requires the flexibility to open other checking, savings, and Certificates of Deposit accounts as needed. Daily operations must include commercial teller services for deposits, telephone transactions, and an online stop-payment service for issued checks with a thirty-day transaction research window. The banking partner must deliver monthly account statements and detailed monthly account analyses for each account, making them available for pickup within ten business days after the end of each month. The institution must provide an electronic record of cleared checks and return all insufficient funds checks directly to the agency. Required physical supplies include checks, deposit slips, endorsement stamps, cashier’s checks, money bags, locking coin bags, and coin wrappers. Only onshore organizations based in the United States are eligible to submit proposals for this opportunity. The agency expects the selected partner to perform all administrative and banking work offsite at the institution's own facilities. The agency has not disclosed a specific budget and is seeking competitive pricing proposals from interested bidders to evaluate the cost of these services.