Primary Depository Services
Closed State & local contract opportunity Posted
- Solicitation number
- 2024-070
- State
- Texas
- Responses due
Opportunity facts
- Jurisdiction
- NIGP codes
- UNSPSC codes
- 46171506 Safes
- 64150000 Monetary instruments or currency
- 84120000 Banking and investment
- 64151500 Representative money or currency
- 84111700 Corporate finance
- 84121500 Banking institutions
- 84121600 Funds transfer and clearance and exchange services
- 84122000 Cash vault services
- 93151700 Currency
- 64151501 National banknotes
Show all 34
- 64151502 Commercial banknotes
- 64151503 Coins or coinage
- 64151504 Local currency
- 64151505 Digital currency
- 84101601 Co financing
- 84101602 Bi lateral or multi lateral aid
- 84101603 Non governmental aid
- 84101604 Government aid
- 84121501 Privately owned banks
- 84121502 Publicly owned banks
- 84121503 Credit unions
- 84121504 Development finance institutions
- 84121601 Funds clearance services
- 84121602 Letter of credit services
- 84121603 Currency exchange services
- 84121604 Spot exchange transaction services
- 84121605 Currency conversion service
- 84121606 Remittance processing services
- 84121607 Operating lease finance service
- 84122001 Deposit verification services
- 93151701 Currencies or coinage
- 93151608 Government or central bank services
- 93151702 National bank notes
- 93141901 Agricultural commercial banking services
Opportunity details come from txsmartbuy.com. Updated .
About this opportunity
The City of Waco, Texas is seeking proposals from qualified financial institutions to provide primary depository services. The selected vendor will be responsible for handling the City's primary bank account, processing deposits and disbursements, and providing a range of related banking services such as online reporting, wire transfers, ACH, and fraud protection. The City's current account structure, transaction volumes, and service requirements are detailed in the RFP. Proposals are due on October 1, 2024, and the City anticipates awarding the 3-year contract, with options to extend for up to 2 additional 2-year periods, at a City Council meeting on January 21, 2025. The City will evaluate proposals based on the institution's ability to meet the service requirements, cost of services, incentives offered, and financial strength.
The RFP does not mention any set-aside designations or restrictions on the types of organizations that can respond. It is open to all qualified financial institutions, with no specific incumbents or current contractors listed. The RFP also does not provide any information on possible award values or budget ranges, as the City states the contract will be of mutual benefit to both parties. Applicants must comply with various state laws, including those related to boycotting Israel, firearms discrimination, and energy company boycotts, and provide the required certifications.
Opportunity text
The City of Waco, Texas (the "City") is requesting proposals fromqualified financial institutions, to provide the City with primary depositoryservices. The City desires to enter intoa depository services contract of mutual party benefit and reserves the rightto contact and negotiate with all applicants regarding their proposals prior toaward, to clarify, verify, or request information regarding any proposal.
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