Banking Depository Services
Overview
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SUMMARY
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Issuing Agency
City Of Jonesboro
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The government authority in Jonesboro, Arkansas is seeking proposals for banking depository services from qualified local financial institutions. The selected vendor will manage the City's deposit accounts, ensuring that interest is credited monthly to each interest-bearing account based on its daily balance.
Vendors must provide a website that allows for access to all city accounts. Monthly statements for all accounts are required, with statement dates on the last calendar day of each month. Statements must be mailed or delivered to City Administrative Offices within five working days following the month's end. Banks must have branch locations capable of accepting daily cash deposits. Any deposit discrepancies must be reported to the Finance Director or their designee on the same day they are discovered.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due June 24, 2026.
- Who issued this RFP?
- It was issued by City Of Jonesboro. The work is located in Jonesboro, Arkansas, United States.
- Who is a good fit for this opportunity?
- FDIC-insured financial institution
- Experience with municipal depository services
- Presence of local branch offices in Jonesboro, Arkansas
- Capacity to provide secure online access to multiple accounts
- Strong track record in public sector banking
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