Banking Services Government Contracts
PSC R711 Banking Services(includes accepting and cashing government checks and other payment instruments, accepting direct deposits, accepting payments to the government from the public) Service code
Code facts
- Spend category
- Professional Services Financial Services
- Part of
-
-
R
- R7
-
R
- Contract obligations
- $84,712,147 In FY2025
PSC codes and definitions come from the GSA PSC Manual and contract spending from SAM.gov/FPDS.
Market summary
Top buying agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of State | $293,031,450 | |
| 2 | Office of Personnel Management | $21,999,488 | |
| 3 | Consumer Financial Protection Bureau | $13,530,695 | |
| 4 | Department of the Army | $7,103,604 | |
| 5 | Department of Health and Human Services | $4,575,852 | |
| 6 | Department of Homeland Security | $1,971,724 | |
| 7 | Defense Finance and Accounting Service | $456,320 | |
| 8 | Department of Energy | $366,394 | |
| 9 | Export Import Bank of the US | $250,000 | |
| 10 | Defense Commissary Agency | $124,998 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | National Association Citibank | $158,836,800 | |
| 2 | Citibank, N.A. | $134,022,063 | |
| 3 | Healthequity, Inc. | $22,818,398 | |
| 4 | JND Holdings LLC | $10,343,998 | |
| 5 | Navy Federal Credit Union | $7,096,497 | |
| 6 | Rust Consulting, Inc. | $2,860,890 | |
| 7 | National Association Fifth Third Bank | $1,908,991 | |
| 8 | U.s. Bancorp | $1,602,619 | |
| 9 | National Association Jpmorgan Chase Bank | $1,313,497 | |
| 10 | Wellpoint Federal Solutions, Inc. | $1,301,113 |
Open contract opportunities
| Notice | Posted | Due |
|---|---|---|
| RFI Application Processing System |
Recent contract awards
Latest 10 of 45 awarded in the last 12 months listed here. See the rest on GovTribe.
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $321 |
| FY2026 | $343,884,546 |
| FY2025 | $84,712,147 |
| FY2024 | $58,647,766 |
| FY2023 | $25,947,031 |
Top NAICS codes by obligations
| Rank | NAICS code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | 522110 Commercial Banking | $300,573,604 | |
| 2 | 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds | $22,818,398 | |
| 3 | 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities | $15,703,672 | |
| 4 | 541519 Other Computer Related Services | $2,848,394 | |
| 5 | 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | $1,460,693 | |
| 6 | 541219 Other Accounting Services | $274,866 | |
| 7 | 561613 Armored Car Services | $219,275 | |
| 8 | 541611 Administrative Management and General Management Consulting Services | $34,981 | |
| 9 | 813920 Professional Organizations | $25,644 | |
| 10 | 238210 Electrical Contractors and Other Wiring Installation Contractors | $10,119 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | Virginia | $292,640,560 | |
| 2 | Utah | $22,577,596 | |
| 3 | Washington | $8,502,348 | |
| 4 | Texas | $7,096,497 | |
| 5 | Maryland | $3,327,288 | |
| 6 | Minnesota | $3,310,550 | |
| 7 | Indiana | $3,210,104 | |
| 8 | New York | $1,841,650 | |
| 9 | Missouri | $250,000 | |
| 10 | District of Columbia | $242,499 | |
| 11 | Illinois | $214,500 | |
| 12 | California | $52,450 | |
| 13 | Massachusetts | $47,125 | |
| 14 | Connecticut | $32,500 | |
| 15 | Michigan | $16,884 | |
| 16 | Mississippi | $13,420 | |
| 17 | New Hampshire | $13,000 | |
| 18 | Vermont | $13,000 | |
| 19 | Pennsylvania | $12,879 | |
| 20 | North Carolina | $8,400 | |
| 21 | Rhode Island | $3,250 |
Show all 21
Quick answers
What is PSC R711?
PSC R711 is Banking Services(includes accepting and cashing government checks and other payment instruments, accepting direct deposits, accepting payments to the government from the public), a service code in PSC R, Support Services (Professional, Administrative, Management).
How many government contracts for banking services are there?
1 contract opportunity under PSC R711 is open now, and 3 notices were posted in the last 90 days. Federal agencies awarded 45 contracts under PSC R711 in the last 12 months, obligating $343,489,377.
How much do federal agencies spend under PSC R711?
Federal contracts under PSC R711 obligated $84,712,147 in fiscal year 2025 and $513,191,810 in fiscal years 2023 through 2027.
Who are the largest contractors under PSC R711?
The contractors with the most obligated under PSC R711 in fiscal years 2026 and 2027 are National Association Citibank ($158,836,800); Citibank, N.A. ($134,022,063); and Healthequity, Inc. ($22,818,398).
Which agencies buy the most under PSC R711?
The agencies that obligated the most under PSC R711 in fiscal years 2026 and 2027 are Department of State ($293,031,450), Office of Personnel Management ($21,999,488) and Consumer Financial Protection Bureau ($13,530,695).
Which NAICS codes are used with PSC R711?
The NAICS codes with the most obligated under PSC R711 in fiscal years 2026 and 2027 are 522110 Commercial Banking; 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds; and 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities.
Where is the work under PSC R711 performed?
By place of performance, the states with the most contract obligations under PSC R711 over the last 12 months are Virginia ($292,640,560), Utah ($22,577,596) and Washington ($8,502,348).
What is the latest open contract opportunity under PSC R711?
The latest open contract opportunity under PSC R711 is RFI Application Processing System, pre-solicitation from Office of Acquisition Management, posted October 27, 2026.
On GovTribe
See everything under PSC R711
- Federal contract opportunities, awards and IDVs under this code
- Funding analysis by contractor, agency and set-aside
- Contacts who buy under this code
- Ask GovTribe AI about this code