Request for Application (RFA) for Banking Depository Services

The City of Arlington, Texas is soliciting responses to a Request for Application (RFA) for banking depository services through a competitive procurement process. The procurement covers Tarrant County and Arlington City jurisdictions and seeks qualified financial institutions to provide comprehensive banking services including deposit accounts, treasury functions, and related financial services. The City requires applicants to demonstrate financial stability, relevant experience in municipal banking services, and competitive pricing on deposit products and ancillary services. Key deliverables encompass general account services, banking center services, depository services, disbursement services, reconciliation services, wire and funds transfer services, automated clearing house (ACH) processing, online transaction reporting, vault services, BAI/SWIFT/ISO reporting, receivables and payables reporting, and enhanced reconciliation services. The evaluation criteria include cost, service quality, technological capabilities, and the institution's capacity to meet municipal banking requirements and compliance standards. The initial contract period will commence on October 1, 2026, and conclude on September 30, 2029, with the option for the City to renew the contract for two additional one-year terms at its discretion. The application due date is April 24, 2026, with the RFA posted on March 18, 2026.

The RFA documents do not identify specific set-aside designations, disadvantaged enterprise restrictions, or incumbent vendors. The Banking Services Fee Schedule establishes an estimated monthly activity volume baseline across all service categories, ranging from single monthly occurrences to over 90,000 items monthly for high-volume transaction processing, including approximately 90,000 monthly items for deposit processing and significant volumes for electronic transfers and ACH transactions. The fee schedule indicates a zero-fee structure across all service categories, suggesting the City negotiated a fully subsidized banking relationship with all service fees listed at zero dollars; however, the actual award value or total cost to the City remains unspecified in the available documentation. The comprehensive fee schedule architecture provides baseline metrics for service delivery expectations across thirteen major banking service categories, establishing clear operational and transaction volume parameters that successful applicants must be capable of supporting.