Banking and Money Counting Services

The government authority located in Woodbridge, NJ, requires offsite banking and money counting services. The contractor must establish two deposit accounts, deliver routine banking services such as electronic daily balance reporting, wire, or ACH transfers, and perform daily file transfers of electronic data. Requirements also include receiving revenue collections via armored car, opening and verifying money bags and cash vaults, returning personal checks, and securing monies per the authority's resolution. Eligible bidders are US-based organizations with at least five years of proven experience in money counting services. Bidders may subcontract to cover pick-up locations, but must submit an "Intent to Subcontract" form with their bid. The contractor must maintain specific umbrella liability and Financial Institution Bond insurance, retain records for five years, and provide extensive counting-room security, including employee metal screening and 120-day archived video surveillance. Responses can be submitted digitally online or through email.