Bank Depository Services

The College District in Texas City, Texas is seeking bank depository services to manage its financial transactions and account activities. The agency needs a financial institution to handle basic banking services including receiving deposits, paying items, wiring funds, processing incoming wires, and executing stop payments. The selected institution must support direct deposit of payroll for approximately 900 employees, representing an estimated monthly debit amount of 2.2 million dollars. The scope of work covers digital banking, cash management, payments, receivables, item processing, fraud prevention, and administrative support. The agency requires online banking services with internet-based account access, transaction details, positive pay, and at least twelve months of history. The institution must also provide ACH credit origination, no-fee check cashing for non-customers on college-drawn checks, and returned check reprocessing with same-day electronic notifications. The agency requires robust fraud prevention controls, including ACH debit blocking and user-initiated stop payment capabilities. Administrative requirements include monthly bank statements delivered within five working days and monthly account analysis reports showing earnings credits and fees. The agency prohibits the classification of any account as dormant due to inactivity. Eligible bidders must be onshore organizations located within the United States. The selected vendor must perform all work offsite at their own office premises. The agency is currently looking for proposals to determine the budget and pricing structure for these services. Bidders must submit all questions regarding this opportunity no later than June 22, 2026.