Depositories Service
Location:
Vicksburg, Mississippi, United States
Posted on:
Deadline:
Summary:
The authority in Vicksburg, Mississippi seeks a provider for comprehensive depository banking services, including secure web-based access, wire transfers, and reconciliation features over a three-year term.
Get full access to this RFP
Download the full RFP document and use Settle's AI to analyze requirements, estimate budget, and draft winning responses in minutes.
The government authority in Vicksburg, Mississippi is seeking a vendor to provide depository services to support all banking functions related to their funds. The scope of services includes establishing one or more depositories that can offer same-day credit, secure web-based treasury access, and timely delivery of monthly financial statements.
Vendors are required to provide a robust banking platform capable of facilitating district-initiated and approved wire transfers, with all outgoing transfers subject to dual authorization (requiring both a preparer and an approver). Mandatory services also include check positive pay and, if available, payee positive pay features. Additionally, daily and monthly electronic reporting—using either industry-standard formats or equivalent solutions—must be provided to enable automated reconciliation processes.
The contract for these services will span a period of three years. Interested vendors must submit any questions related to the RFP by March 23, 2026.
Best-fit vendors:
• Experienced commercial bank or financial institution
• Proven track record with public sector or government banking services
• Expertise in secure online treasury platforms and payment processing
• Ability to provide positive pay, electronic reporting, and dual authorization controls
• Located in or serving Mississippi
