This bid is for bank depository services for operations based at 1400 Schertz Parkway, Schertz, Texas 78154.
Due
November 17, 2026
18 days left
Location
Schertz, TX
Texas
Posted on
Bonfire
Notice ID
2026-012
What they need
TermThree years, with annual renewal options.
Accounts and volumeThree accounts with combined average balances of approximately $13.5 million, $10 million in monthly payables, and $2 million in monthly payroll funded through a third-party provider.
Deposits and paymentsDaily deposits of 4–10 locked bags, bank-supplied bags at no charge, ACH processing, approximately four incoming/outgoing wires monthly, and check disbursements.
Cash managementAutomated daily sweep or competitive interest-bearing alternative, online balance and transaction reporting, positive pay with fraud indemnification, check imaging, and monthly statements and account analyses. Price partial and full reconciliation separately.
Safekeeping and collateralDelivery-versus-payment custody for approximately 7–10 securities; collateral covering 102% of uninsured deposits plus accrued interest, held by an independent custodian.
PricingItemize service fees, earnings credit and interest rates, compensating balance options, and implementation costs. Separately price remote deposit, lockbox, and purchasing card services.
XL Eagle