Primary Bank Depository Services

The vendor is required to provide primary bank depository services contract that benefits both parties.
- Account activity details
•    Fund account is the college’s general operating account used for payment of college operations such as vendor invoices, vendor ach transactions, payroll liabilities, and employee travel. 
•    Bank transfers are made to the payroll account and to the student funds account to cover payroll and student disbursements, respectively.
•    The payroll account is used for payroll (checks and ach). 
•    The college currently employs approximately 2,457 employees. 
•    Employees are paid bi-weekly. 
•    All but two employees are on direct deposit. 
•    If the pay date falls on a week-end or holiday pay date becomes the Friday before. 
•    ACH transmittal of payroll occurs two days prior to pay date.
•    The student fund account is used to make disbursements to students in the form of checks and ACH transactions.
•    The district interest and sinking fund is used for bond payments.
•    The federal money transfer account is used for receipt of ach payments from the department of education. 
•    Funds are then transferred to the fund account.
•    The acquisition fund used for bond payments.
•    The new construction fund account is used for construction project vendor payments. 
•    The electronic deposits account is a ZBA account used for the receipt of select preauthorized ach payments.
•    Checks issued and cash deposit from august 2024 to July 2025.

- Contract Period/Term: 5 years
- Non-Mandatory Pre-Proposal Conference Via Zoom Date: October 22, 2025
- Questions/Inquires Deadline: October 28, 2025