Depository Banking Services
Overview
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
Date Issued: August 12th, 2026
Question Cut-off Date: August 26th, 2026
Proposals Due: September 9th, 2026
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
New Jersey Higher Education Student Assistance Authority
DESCRIPTION
A government authority in Trenton, New Jersey is seeking a banking services provider to deliver comprehensive depository banking services and electronic banking capabilities. Required services include batch processing of daily one-day debit files generated through a web-based online payment application, recurring two-day debit files processed twice weekly, check-digit scan-line reading, web-based check and remittance image delivery, wire transfer functionality, account inquiry and reporting, zero-balance account services, and electronic lockbox processing for customer-initiated online banking payments.
The provider must also support daily wholesale lockbox processing, including data entry and daily deposit of funds received at offices through remote deposit capture and branch banking. Additional requirements include monthly bank statements, automated daily balance reporting, intraday reporting, report generation or customization, lockbox processing and courier services, and timely, reliable customer service. Questions must be submitted by August 26, 2026.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due September 9, 2026. Questions must be submitted by August 26, 2026.
- Who issued this RFP?
- It was issued by New Jersey Higher Education Student Assistance Authority. The work is located in Trenton, New Jersey, United States; Morristown, New Jersey, United States; Parsippany, New Jersey, United States.
- Who is a good fit for this opportunity?
- Banking institution with established government depository services experience
- Proven electronic payment processing, online banking, and reporting capabilities
- Experienced wholesale and electronic lockbox service provider
- Ability to support remote deposit capture, branch banking, and courier services
- Strong customer service, operational reliability, and secure financial systems
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.