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City of Austin·Texas

Depository Services

Closes 2/5/2026$500k – $5MRequest for Proposal
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Description

The City of Austin is seeking a qualified financial institution to provide depository services, including collateral services and safekeeping services, for City funds. The selected institution will be required to provide a range of services, including account maintenance, debit and credit posting, statement cycles, and more. The City is looking for a responsive and responsible applicant with the financial and practical ability to perform the contract. The contract will be awarded based on the best value to the City, considering factors such as price, technical merit, and past performance. • The contract will require the selected institution to provide services such as account maintenance, debit and credit posting, statement cycles, and more. • The City is looking for a responsive and responsible applicant with the financial and practical ability to perform the contract. • The contract will be awarded based on the best value to the City, considering factors such as price, technical merit, and past performance. • The selected institution will be required to provide a range of services, including account maintenance, debit and credit posting, statement cycles, and more.

Attached files

Contact

Marian Moore(Procurement Supervisor)

[email protected]

(512) 974-2062

Key dates

Opened
12/22/2025
Questions due
1/16/2026
Pre-bid meeting
1/8/2026
Closes
2/5/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
RFP 7400 MMO3020

Budget estimate

$500,000 – $5,000,000

The budget for this contract is likely to be in the range of $500,000 to $5,000,000 per year, based on the scope of services required and the typical fees charged by financial institutions for similar services. The actual budget will depend on the specific services provided and the fees negotiated with the selected institution.

AI estimate from the solicitation

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