Banking and Procurement Card Services
Overview
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SUMMARY
DESCRIPTION
A government authority in Columbia, Missouri is seeking a banking provider to deliver depository and merchant services, including procurement card and health savings account support. The selected bank must provide an interest-earning, full-service checking account with electronic monthly statements containing image documentation of deposits, checks, and other transactions.
The depository institution must maintain pledged securities as collateral equal to 100% of the amount on deposit, less applicable exclusions. It must also provide 24/7 online access for daily balance monitoring and reporting requests. The custodial bank will be required to confirm in writing the receipt, substitution, and release of securities to and from the custodial account. Questions must be submitted by October 27, 2026.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due October 27, 2026.
- Who is a good fit for this opportunity?
- Commercial bank or financial institution experienced in public-sector depository services
- Proven capability managing procurement cards and health savings account merchant services
- Strong online banking, electronic statement, reporting, and transaction imaging capabilities
- Experience with pledged collateral management and custodial bank confirmations
- Authorized to provide banking services in Missouri
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.