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This RFP has expired (deadline Nov 6, 2026). Submissions are no longer accepted. The listing stays here for reference for a few weeks. Browse live RFPs or see open Financial Services RFPs.
Expired

Bank Depository and Municipal Banking Services for Primary Depository Funds

Buyer
City of Converse, Texas
Place of performance
Converse, TX (onsite or offsite)
Response deadline
Nov 6, 2026Deletes on Nov 20, 2026
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What the buyer needs

AI summary

The 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

CriterionWeight / scoring
Financial Institution Qualifications and Experience10 points
Experience with Municipal/Governmental Entities10 points
Banking and Depository Services15 points
Cash Management and Treasury Services10 points
Electronic Banking, Technology and System Integration10 points
Security and Fraud Prevention10 points
Customer Service and Relationship Management10 points
Pricing, Fees and Overall Cost15 points
Implementation and Transition Plan5 points
References and Overall Responsiveness5 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.