Description
The Washington's Lottery is seeking a financial institution to provide banking services, including a range of accounts and services for the secure holding and efficient processing of state funds. The selected institution will be required to maintain or improve upon the current structure while delivering reliable service, operational efficiency, and competitive pricing. The contract term is approximately 48 months, with the possibility of extension for up to three years. The estimated initial contract value is $1,200,000.
• The financial institution must provide a range of accounts and services for the secure holding and efficient processing of state funds.
• The institution must maintain or improve upon the current structure while delivering reliable service, operational efficiency, and competitive pricing.
• The contract term is approximately 48 months, with the possibility of extension for up to three years.
• The estimated initial contract value is $1,200,000.
• The financial institution must comply with applicable regulations and laws.