South Orange County Wastewater Authority Planet bids #147653

SOCWA seeks a sole banking provider for comprehensive public-agency banking services

SOCWA is seeking one banking institution to provide comprehensive public-agency banking services and related supplies and equipment. - Government buyer: South Orange County Wastewater Authority (SOCWA), Administration; a joint powers authority serving member agencies in Orange County, California. - Banking provider: SOCWA seeks a sole banking institution. No specific bank, supplier, or equipment manufacturer is named. - Services requested: Checking and interest-bearing accounts; same-day deposits; wires and ACH transfers; payroll direct deposit; Positive Pay and ACH Positive Pay; online banking with multifactor authentication, role-based permissions, and dual authorization; statements with check images and downloadable transaction data; account analysis and fee reporting; reconciliation and financial software integration; NSF, stop-payment, and canceled-check services; fraud monitoring and response; and implementation, customer service, and ongoing technical support. - Products and supplies: Two-signature checks; deposit slips; secure deposit bags; endorsement stamps; and a remote deposit capture (RDC) check scanner with software, installation, training, and technical support. Quantities and part numbers are not specified. - Key requirements: The bank must be eligible to hold California public funds, meet applicable collateralization requirements, describe FDIC and expanded-insurance options, and maintain a full-size branch or main office in Orange County. The proposal should also address competitive interest rates or earnings credits, business continuity and disaster recovery, and transfers to permitted public-funds investment programs.

Description

The South Orange County Wastewater Authority (SOCWA) is requesting proposals from banking institutions to serve as its sole banking institution. Services include checking and interest-bearing deposit accounts, ACH transfers, wires, payroll direct deposit, secure online banking, deposit processing, banking supplies and support, and access to permitted public-funds investments. The selected institution must meet California public-funds depository and collateralization requirements and maintain a full-size branch or main office in Orange County. Proposals are due November 12, 2026, at 3:00 p.m.

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