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Olmsted County·Minnesota

Bank Depository

Closes 7/14/2025$100k – $500kRequest for Proposal
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Description

Olmsted County is soliciting proposals from local banks within the city limits of Rochester, MN for making deposits into a money market account, cash vault services, and same day wire transfers. The selected bank will be required to provide these services as specified in the RFP. Key aspects of the job include: • Making deposits into a money market account • Providing cash vault services • Same day wire transfers The proposal should include a cost proposal and a technical proposal, and the bidder must acknowledge the specifications, proposed work schedule, and terms and conditions of the contract.

Attached files

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

Contact

Wendy Fenton(Contracts Manager)

[email protected]

(507) 328-6549

Key dates

Opened
6/13/2025
Questions due
6/23/2025
Closes
7/14/2025

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
RFP2025-334 Addendum 2

Budget estimate

$100,000 – $500,000

The budget for this opportunity is difficult to estimate as the RFP does not provide a specific amount. However, considering the services required, it is likely to be a moderate to high-value contract. The payment range could be influenced by factors such as the volume of deposits, the number of cash vault services required, and the frequency of wire transfers. A rough estimate could be between $100,000 and $500,000 per year, depending on the scope and duration of the contract.

AI estimate from the solicitation

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