Banking Services

Overview

Financial, Legal, HR & Staffing

Florence, South Carolina, United StatesPosted: May 28th, 2026Deadline: June 24th, 2026

Fit Score

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SUMMARY

The City of Florence, South Carolina, seeks a financial institution to provide a full range of banking services under a five-year contract, including digital banking, card services, and daily transaction management.

KEY REQUIREMENTS

Must be chartered to do business in South Carolina
Must have a physical location and currently do business within the County limits of Florence
Must have deposits insured by FDIC
Must demonstrate full compliance with the requirements of the Community Reinvestment Act
Must provide evidence of bonding coverage for employees handling County funds
Must provide references of at least three other municipalities or counties in South Carolina currently utilizing their banking services
Must maintain comprehensive general liability insurance of $1,000,000 per occurrence and $1,000,000 per person
Must maintain vehicle liability insurance with minimum combined single limits of $1,000,000 per occurrence
Must maintain workers' compensation and employer's liability insurance

CONTRACT DURATION

60 months

TIMELINE

Questions due by June 16th, 2026.

Submission deadline is June 24th, 2026.

Contract term begins August 1st, 2026.

QUESTION DEADLINE

June 16th, 2026

Issuing Agency

Florence County

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority in Florence, South Carolina, is seeking a vendor to provide comprehensive banking services for a contract period of five years. The required services include remote or desktop deposit processes enabling the scanning and electronic transmission of checks for automatic direct deposit. The awarded bank must offer MasterCard or VISA cards featuring competitive interest rates and no annual fee, pending credit approval, and possess systems supporting direct online communication.

The selected bank will handle daily forwarding of tax payments received, provide unlimited free ATM transactions at the institution's ATMs, and support electronic debit and credit functionalities for payroll direct deposits. Essential services also include free online banking with capabilities such as online stop payment, VOID, funds transfer, deposit reporting, lockbox management, and investment services. Interested vendors need to submit all questions related to the RFP by June 16, 2026.

Source attribution

This Settle Intelligence analysis is based on the issuing organization’s RFP listing.