Banking Services

A government authority in Ocala, Florida is seeking a qualified financial institution to provide comprehensive banking services. The scope includes ensuring same-day availability of funds for cash deposits, incoming wire transfers, other transactions, and checks drawn on the institution. The selected provider is also expected to furnish its current availability schedule for deposited checks and describe the methodology used to calculate monthly interest rates, including compounding periods and the frequency of interest credits.

Required services include electronic cash management, stop payment inquiry and stop payment capabilities for accounts payable and payroll checks, and the ability to initiate both repetitive and non-repetitive wire transfers through internet and telephone channels. The institution must also offer positive pay and reverse positive pay services, including support for multiple daily file submissions, removal of checks from files, and electronic notification of exception items.

In addition, the provider must supply monthly electronic analysis statements that itemize services provided, processing volumes, unit charges, and extended totals. Payment for account analysis will be made through a charge to the primary account balance. A pre-bid meeting is scheduled for August 10, 2026.