Banking Services

The Galveston Housing Authority in Galveston, Texas, is seeking a financial institution to provide comprehensive banking services. The agency needs to streamline its financial operations through commercial teller services, online stop payment capabilities, and electronic records of cleared checks. The selected bank will resolve the agency's need for secure account management, telephone transactions, and the prompt return of insufficient funds checks. The scope of work covers the maintenance of multiple specific accounts, including a Family Self-Sufficiency savings account, an Island Community Centre account, a development account, and an administrative account. The bank must also establish other deposit accounts, checking accounts, savings accounts, and Certificates of Deposits as the agency requires. Additionally, the bank must supply physical items such as checks, deposit slips, endorsement stamps, cashier’s checks, money bags, locking coin bags, and coin wrappers. The agency requires monthly account statements and monthly account analyses for each account to be completed and available within ten business days after the end of each month. Eligible bidders must be onshore organizations located in the United States. The agency expects the performance of these banking services to occur offsite at the bank's facilities. The agency is currently looking for proposals to determine the budget and cost structure for these services, and specific evaluation criteria and key dates are not detailed in the request.