Banking Services

The Vendor is required to provide to enter into a contract to provide University Banking.
- The bank shall be a full service financial institution.
- The bank shall insured by the federal depositor’s insurance corporation (FDIC)
- The bank shall certify compliance with the gramm-leach billey act (GLA) to safeguard financial information
- The bank shall be authorized to provide banking services in the commonwealth of state.
- The bank should have at minimum one (1) full service branch/office located in state.
- The branch/office shall be capable of:
• Accepting daily deposits
• Providing lockable deposit bags and canvas or other suitable bags for the collection of coins
• Night depository services
- The bank shall be capable of converting foreign currency to us dollars.
- The bank shall have security measures and a disaster recovery plan in place to safeguard the university’s deposits and financial information.
- Contract Period/Term: 3 years
- Questions/Inquires Deadline: April 8, 2025