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The Vendor is required to provide banking partner that offers competitive pricing, strong service, and solutions tailored to university.
- General bank information
• Transitioning seven bank accounts, four are related to restricted funds and three related to general operations, including one USD account.
• At March 31, 2026, there was approximately $32m in cash.
• Currently operates primarily with the use of cheques, this is not expected to change in the short-term, but would be interested in the functionality for processing electronic payments, including controls that can be implemented around this process.
• Demand loan related to the campus building with its current provider that began in 2007 and expires in 2032.
• Approximately 500-700 transactions each month.
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