Local presence: Main office or operating branch within Waco city limits.
Service period: Begins May 1, 2027, with an initial two-year term and two optional two-year renewals.
Balances: Sweep balances average approximately $4.7 million and can exceed $25 million.
Banking services: Online reporting with BAI2 and Excel exports, ACH with effective-date settlement, wire transfers, remote deposit capture using existing scanners, and account reconciliation.
Fraud protection: Check positive pay with payee validation, ACH debit filters, and check debit blocks.
Deposit security: Daily collateral monitoring; pledged securities covering 102% of uninsured deposits and accrued interest, held by an independent custodian, or an acceptable insured deposit or letter-of-credit arrangement.
Investment services: Sweep options and securities safekeeping with delivery-versus-payment settlement.
Pricing: Itemized service fees, earnings credit and interest rate terms, collateral and safekeeping costs, and transition charges. Fees must remain fixed through renewals.
The basics
Due
November 3, 2026 16 days left
Where
Texas
Posted on
Texas ESBD
Solicitation
26-1400
What the solicitation documents require
We read the solicitation documents for this bid (4 documents, 63 pages). Each item shows the file and page it came from. Check the original documents and any addenda before you bid.
XL Eagle