What the buyer needs
AI summaryThe City of Converse, Texas requires a US-based organization to provide reliable, secure, technologically advanced, and cost-effective bank depository services. The buyer seeks general depository, disbursement, electronic banking, and fraud prevention services, alongside wire transfers, deposits, monthly statements, supporting documentation, and real-time or near-real-time account balances. The chosen vendor must maintain high customer service and responsiveness to the authority's financial operations. Vendors may perform work onsite or offsite over a three-year contract period. The buyer currently requests cost proposals to establish the budget. Interested bidders must submit all questions no later than November 2, 2026.
Scope of work
- General depository services including checking, investment, and designated bank accounts
- Deposit processing via daily deposits, remote capture, wires, and ACH
- Disbursement services including checks, ACH payments, wires, and direct deposit
- Positive Pay and comparable fraud-prevention services
- Electronic online banking capabilities with real-time account balances
- Investment sweep accounts and cash management products
- Monthly bank statements and account reconciliation services
- System integration with the City's financial management system
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Financial Institution Qualifications and Experience | 10 points |
| Experience with Municipal/Governmental Entities | 10 points |
| Banking and Depository Services | 15 points |
| Cash Management and Treasury Services | 10 points |
| Electronic Banking, Technology and System Integration | 10 points |
| Security and Fraud Prevention | 10 points |
| Customer Service and Relationship Management | 10 points |
| Pricing, Fees and Overall Cost | 15 points |
| Implementation and Transition Plan | 5 points |
| References and Overall Responsiveness | 5 points |
Minimum qualifications
- Legally authorized to conduct banking business in the State of Texas
- Demonstrate sufficient financial strength and experience to provide requested services
Documents to include with your response
- Cover Letter
- Financial Institution Profile
- Experience with Municipal/Governmental Entities
- Proposed Banking Services
- Cash Management Services
- Electronic Banking and Technology
- Fraud Prevention and Security
- Collateralization of Deposits
- Fee Schedule (Attachment A)
- Banking Services Questionnaire (Attachment B)
How to submit
- Method
- Electronic and/or sealed format
- Instructions
- Submitted to City Hall, 406 S Seguin Rd., Converse, TX 78109, Attention: Samantha Lee, City Secretary.