Texas DIR/ESBD #RFP-01-TRSY-27-288

Texas A&M University System Lead Bank Services RFP

Texas A&M University System is seeking a qualified banking partner to provide comprehensive lead bank services for its 25 member institutions and 149 active bank accounts. - Government Buyer: - Texas A&M University System Office of Treasury Services - Office of Procurement and HUB Program - Scope of Services: - Controlled disbursement accounts - Zero balance accounts (ZBAs) - Wire transfers (domestic and international) - Automated Clearinghouse (ACH) transactions (including fraud controls, block/filter, and reconciliation) - Online information inquiry and cash management platform - Local depository services (branch and vault processing, remote deposit capture) - Account maintenance, reconciliation, and reporting - Integrated payables and receivables - International banking services - Service Volumes: - Large annual transaction volumes across ACH, wire, deposit, and reconciliation services - Detailed line items for account maintenance, deposit processing, fraud prevention, and reporting - Notable Requirements: - $50 million surety bond for daily collateral coverage - Robust fraud controls (payee positive pay, ACH review, check block) - Support for tiered ZBA structure and multiple account types - Experience with higher education and public sector clients - Financial stability and quality customer service - Detailed pricing methodology and account analysis - Current primary provider is Wells Fargo; opportunity is open to all qualified banking service providers - No specific OEMs or part numbers; focus is on service categories and transaction volumes

Description

The Texas A&M University System is requesting proposals to provide lead bank services including controlled disbursement accounts, zero balance accounts (ZBAs), wire transfers, automated clearinghouse (ACH), online information inquiry, and local depository services. The intent is to establish an agreement with one vendor to serve as the primary provider of banking services. The system reserves the right to use other financial institutions for specific services as deemed in its best interest. Respondents must certify understanding of the scope and conditions and include specified services in their proposals.

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