Bank Depository Services

The College, a government authority located in Texas City, Texas, is seeking bank depository services to manage its daily financial operations. The agency needs a financial institution to handle basic banking activities, including receiving deposits, paying items, wiring funds, processing stop payments, and managing direct deposit payroll for approximately 900 employees, which totals an estimated monthly debit of 2.2 million dollars. Through this procurement, the agency aims to secure reliable cash management, fraud prevention, and administrative reporting to support its ongoing fiscal operations. The scope of work covers digital banking, cash management, payments processing, and account controls. The selected institution must provide internet-based account access with transaction details, ACH credit origination for payroll and vendors, and positive pay security controls. Additionally, the agency requires no-fee check cashing for non-customers holding College-drawn checks, automatic re-presentation of returned checks, ACH debit blocking, and monthly bank statements delivered within five working days. Eligible bidders must be onshore organizations based entirely in the United States. The agency requires the selected partner to perform all depository and administrative work offsite at the financial institution's own premises. The agency is currently looking for proposals to determine the cost structure and has not disclosed a specific budget. Bidders must submit all questions regarding this opportunity no later than June 22, 2026.