Bank Depository Services

The Castroville, Texas government authority is seeking a qualified vendor to provide comprehensive bank depository services. The agency needs to establish a consolidated account structure with a sweep mechanism to optimize its financial operations. This initiative aims to solve the agency's need for automated cash management information, standard disbursing services, and efficient deposit services, including remote deposit capabilities. The scope of work covers a wide range of financial management tools, including positive pay, account reconciliation, and funds transfer and wire services. The selected provider will also deliver optical imaging, automated clearinghouse services, interest-bearing deposits, and investments and safekeeping services. Additionally, the agency requires overdraft protection, stop payment processing, and robust automation and file transfer services. Only organizations based in the United States are eligible to bid on this opportunity. The agency requires the performance of all depository work to be conducted onsite. Bidders must submit their proposals digitally, either via email or through the designated online portal. The contract period will span two years from the date of award. While the agency has not disclosed a specific budget, it is actively looking for proposal pricing from interested bidders. All questions regarding this procurement must be submitted to the agency no later than June 23, 2026.