Banking Services
Overview
Settle Signals
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SUMMARY
KEY REQUIREMENTS
TIMELINE
Release of RFP: July 6th, 2026
Proposal Due Date: July 23rd, 2026
Governing Body Action: August 17th, 2026
Contract Commencement: September 1st, 2026
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
South Orange Village
DESCRIPTION
A government authority in South Orange, New Jersey is seeking a qualified banking institution to provide banking services for a one-year contract term. The selected vendor will support the Village’s cash-management program with the goal of improving operational efficiency, maximizing investment return and interest earnings, reducing banking costs, and consolidating major banking activities where economically advantageous.
The scope includes providing a money-management system and modern treasury-management capabilities, including electronic banking tools, fraud prevention measures, and remote deposit capability. Positive pay is expected to be used as a fraud prevention measure, and interest must accrue daily on all accounts based on the daily collected balance. All accounts must allow unlimited check writing without fees.
The Village also seeks convenient access to banking services and encourages greater use of electronic transfers and employee direct deposit. While employee direct deposit is not mandatory, proposals must include direct deposit services for employees without a per-transaction fee. The procurement emphasizes cost-effective, technology-enabled banking services aligned with public-sector operational needs.
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Frequently asked questions
- When is the submission deadline?
- This RFP closed on July 23, 2026 and is no longer accepting submissions.
- Who issued this RFP?
- It was issued by South Orange Village. The work is located in South Orange, New Jersey, United States.
- Who is a good fit for this opportunity?
- Commercial bank or financial institution with public-sector banking experience
- Proven treasury-management and cash-management service provider
- Capable of delivering electronic banking, remote deposit, and positive pay tools
- Experience supporting municipal or local government accounts
- Ability to offer low-cost employee banking and no-fee direct deposit services
- Strong fraud prevention controls and secure transaction processing
- Regional presence or service coverage convenient to South Orange, New Jersey
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.