Depository Banking Services

Aubrey Independent School District is seeking a depository bank to provide banking services including account management, cash management, collateral management, and optional services such as merchant services and payroll cards.

Aubrey Independent School District


General
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Request for Proposal (RFP)
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Description

Aubrey Independent School District is soliciting proposals from qualified financial institutions to serve as its official depository bank. The selected bank will provide a comprehensive range of banking services including consolidated account structure with sweep mechanism, automated cash management, deposit services, remote deposit, disbursing services, positive pay, account reconciliation, funds transfer and wire services, optical imaging, ACH services, safekeeping services, collateral management, account analysis, monthly statements, overdraft management, stop payments, and customer service. Optional services include NSF check re-presentment via ACH, merchant card processing, payroll cards, purchasing cards, check printing, and smart safes. The bank must comply with Texas Government Code Chapters 2256 and 2257, provide collateral equal to 102% of deposits, and submit required financial statements and agreements.

Classification Codes
NAICS522110Commercial Banking
PSCR711Banking Services(includes accepting and cashing government checks and other payment instruments, accepting direct deposits, accepting payments to the government from the public)
Smart Codes
depository banking servicescash management servicescollateral management
Specifications
Service Only
Requirements
Required
  • Minimum 3 references
  • Client point of contact required for each reference
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