Posted Date : March 08,2021
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3041
Government Authority located in Bristol, Tennessee; USA based organization looking for expert vendor for banking services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide banking services to the government authority located in Bristol, TN.
- No minimum balance will be required in any of the city’s checking or money market accounts.
- Online and printed bank statements will be provided at no additional charge monthly that detail activity within five (5) business days of the close of the previous month.
- The city will require the ability to send and receive wire transfers to and from other financial institutions and outside entities. The city will notify the financial institution of all outgoing wires by 12:00 p.m. on the day of the wire. The financial institution will designate a persons who the City can contact to make all outgoing wires. All wire notifications received by noon must be processed on the same business day.
- ACH Pre-authorized bank drafts for utility billing customers will be provided weekly.
- The financial institution will not be permitted to close any city account, regardless of balance, without written permission from the city. The written permission must contain the signature of at least one authorized signer.
- The financial institution must have night deposit capabilities.
- The financial institution shall provide credit card services as needed. We currently have fourteen (14) credit card terminals throughout our various locations. Any successful credit card contract must allow for the discount rate to be charged back to customers. Please note that payments are taken both internally from walk-in customers and from a third party company for online sales. The city is currently reviewing other credit card options. This is a service that may be altered or discontinued in the future from the current processing method.
- Checks will be returned to the city in numerical order on a monthly basis. Copies of the deposited checks do not need to be returned to the city if some other imaging system is used to maintain a record for the bank and is accessible to city staff. Check imaging or electronic means of check storage is preferred.
- The bank will agree to correct all bank errors within three (3) business days of notification.
- The city occasionally requests coins and currency. It is our expectation that this service will not be used more than once a week.
- The city will also require a minimum of fifteen (15) locking deposit bags and keys.
(2) All questions must be submitted no later than March 12, 2021.
(3) Contract term will be four years.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
NA
Budget :
Deadline to Submit Proposals: March 19,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
![]()
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3041
Government Authority located in Bristol, Tennessee; USA based organization looking for expert vendor for banking services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide banking services to the government authority located in Bristol, TN.
- No minimum balance will be required in any of the city’s checking or money market accounts.
- Online and printed bank statements will be provided at no additional charge monthly that detail activity within five (5) business days of the close of the previous month.
- The city will require the ability to send and receive wire transfers to and from other financial institutions and outside entities. The city will notify the financial institution of all outgoing wires by 12:00 p.m. on the day of the wire. The financial institution will designate a persons who the City can contact to make all outgoing wires. All wire notifications received by noon must be processed on the same business day.
- ACH Pre-authorized bank drafts for utility billing customers will be provided weekly.
- The financial institution will not be permitted to close any city account, regardless of balance, without written permission from the city. The written permission must contain the signature of at least one authorized signer.
- The financial institution must have night deposit capabilities.
- The financial institution shall provide credit card services as needed. We currently have fourteen (14) credit card terminals throughout our various locations. Any successful credit card contract must allow for the discount rate to be charged back to customers. Please note that payments are taken both internally from walk-in customers and from a third party company for online sales. The city is currently reviewing other credit card options. This is a service that may be altered or discontinued in the future from the current processing method.
- Checks will be returned to the city in numerical order on a monthly basis. Copies of the deposited checks do not need to be returned to the city if some other imaging system is used to maintain a record for the bank and is accessible to city staff. Check imaging or electronic means of check storage is preferred.
- The bank will agree to correct all bank errors within three (3) business days of notification.
- The city occasionally requests coins and currency. It is our expectation that this service will not be used more than once a week.
- The city will also require a minimum of fifteen (15) locking deposit bags and keys.
(2) All questions must be submitted no later than March 12, 2021.
(3) Contract term will be four years.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
NA
Budget :
Deadline to Submit Proposals: March 19,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$