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City of Simpsonville·South Carolina

Municipal Banking Services

Closes 6/4/2026$200k – $2MRequest for Proposal
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Description

The City of Simpsonville is seeking qualified financial institutions to act as its municipal banking partner, delivering comprehensive cash management, payment processing, and treasury services for city operations. • Provide deposit, cash handling, and disbursement services for all city accounts. • Manage electronic payments, ACH, wire transfers, and treasury‑level cash positioning. • Offer short‑term investment, borrowing, and cash‑forecasting solutions. • Deliver secure online banking platforms and detailed financial reporting. • Ensure regulatory compliance and dedicated customer‑service support for municipal staff.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Maria Tooley(Finance Director)

[email protected]

Key dates

Opened
4/29/2026
Closes
6/4/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
RFP SCH 2026-01

Budget estimate

$200,000 – $2,000,000

Municipal banking contracts typically range from a few hundred thousand dollars to several million dollars, depending on the size of the city, the scope of services (deposits, payments, treasury, investment management), and the length of the agreement (often multi‑year). For a mid‑sized city like Simpsonville, a reasonable estimate would be between $200,000 and $2,000,000 annually, reflecting fees for transaction processing, account maintenance, and advisory services.

AI estimate from the solicitation

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