Banking Services- UM Western

The State of Montana's Treasury Unit has issued an Invitation for Bid (DOA-IFB-2018-0078V) for comprehensive Agency Banking Services for the University of Montana-Western, located in Dillon, Montana. The procurement seeks a banking services provider to handle various financial transactions, including maintenance fees, transfer out-cash concentration fees, check deposits, ACH deposits, and credit card fees. The solicitation was released on November 8, 2017, with a bid submission deadline of November 21, 2017, at 2:00 PM MST. Key requirements for bidders include maintaining Federal Reserve requirements, providing full company contact information, and complying with standard state terms and conditions. The procurement is being conducted through the Montana Acquisition & Contracting System (eMACS), with Rick Dorvall serving as the primary contact. The estimated annual transaction volumes suggest a comprehensive banking services contract that will support the university's financial operations across multiple transaction categories.

No specific set-aside designations or restrictions on responding organizations were explicitly mentioned in the available documentation. The solicitation does not provide details about incumbent vendors or current contractors, nor does it outline specific infrastructure or technology integration requirements. While the document does not specify a precise award value or budget range, the procurement involves seven key banking transaction categories with estimated annual volumes, indicating a potentially significant contract for banking services. Bidders are expected to submit their proposed rates and fee structures in response to the invitation, with the evaluation likely focusing on comprehensive service capabilities, compliance with Federal Reserve requirements, and competitive pricing. The contract appears to be open to qualified banking institutions capable of meeting the University of Montana-Western's financial transaction needs across multiple service categories.