Galveston Civicplus #RFP 26-21

City of Galveston Banking Depository Services RFP

The City of Galveston is seeking proposals for comprehensive Banking Depository Services to support its treasury operations. - Government Buyer: - City of Galveston, Department of Finance, Purchasing Division - OEMs and Vendors: - No specific OEMs or vendors are named; open to qualified banking institutions - Products/Services Requested: - Comprehensive Banking Depository Services - Includes deposit receiving, item payments, wire transfers, stop payments, electronic cash management, online transaction access, ACH processing, lockbox services, positive pay, overdraft processing, vault services, account reconciliation, and collateral management - Detailed pricing schedules required for various banking services - Unique or Notable Requirements: - Compliance with Texas laws and City policies - Electronic proposal submission via City portal - Encouragement of participation from Disadvantaged Business Enterprises (DBEs), including veteran, women, and minority-owned businesses - Possibility of multiple awards if deemed in the City's best interest - File size limit for electronic submissions - Contract term: three years, with two optional one-year renewals - Contract may be extended up to 90 days if re-proposing procedures are ongoing

Description

The City of Galveston is soliciting sealed proposals for Banking Depository Services. The scope includes providing banking depository services as detailed in the solicitation. Proposals must be submitted electronically via the City's online portal by October 23, 2026, at 10:00 AM CST. The contract term is three years with two optional one-year renewals. The City encourages participation from Disadvantaged Business Enterprises including veteran, women, and minority-owned businesses.

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