Grayson College Ionwave #26-004 Addendum 1

Grayson College Solicits District-Wide Banking and Depository Services

Grayson College is seeking proposals from qualified financial institutions to provide district-wide depository and banking services. - Government Buyer: - Grayson College, Purchasing Department, Denison, Texas - Eligible Vendors: - Open to all qualified financial institutions; no specific OEMs or vendors named - Products/Services Requested: - Comprehensive banking services, including: - Receiving deposits, payment processing, wire transfers, stop payments, time deposits - Account reconciliation, positive pay, ACH transactions, check imaging, cash vault services, investment sweep options - Merchant card services, pay/debit card services, purchasing card services, and safekeeping of securities - Detailed fee schedule for each banking service line item (e.g., account maintenance, transaction processing, reporting, card issuance) - Unique/Notable Requirements: - Compliance with the Texas Public Funds Investment Act (PFIA) - Submission of audited annual financial reports for the past two years - Documentation of internal controls and PFIA-related training - Emphasis on service capability, cost, rates, financial strength, and locality in evaluation - Project must be implemented and operational by the specified go-live date - Online submissions encouraged; sealed paper responses accepted - Optional pre-bid Q&A sessions and public bid opening via Zoom

Description

Grayson College is soliciting proposals from qualified financial institutions to serve as the Depository for the District. The services include handling banking functions such as receiving deposits, paying items, wired funds, stop payments, time deposits, and other normal banking activities. The solicitation encourages online submissions but also accepts sealed paper responses. Question and Answer sessions are scheduled to assist prospective bidders, and bids will be publicly unsealed via Zoom.

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