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Michigan Jackson Public Schools·Michigan

Banking services

Closes 4/8/2026$500k – $2MRequest for Proposal
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Description

The Jackson Public Schools are seeking a banking services provider to manage their financial transactions, including payroll, vendor payments, and investment services. The selected provider will be responsible for providing a range of services, including account reconciliation, ACH processing, wire transfers, and purchasing card services. The district is looking for a provider that can offer improved reconciliation processes, integration with their financial software, and a competitive rebate structure. The ideal provider will have experience working with public school districts and will be able to provide a high level of customer service and support. Some key aspects of the job include: • Providing banking services, including account reconciliation and ACH processing • Managing payroll and vendor payments • Offering investment services, including money market funds and securities • Providing purchasing card services, including credit card programs and virtual vendor card payment programs • Implementing fraud prevention services, including check positive pay and ACH positive pay • Offering cash depositing services, including remote deposit capture and armored courier services

Attached files

Contact

Marcus Leon(Buyer)

[email protected]

(517) 841-2203

Key dates

Opened
3/30/2026
Closes
4/8/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
RFP-JAC-260000001541-3

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is likely to be substantial, given the range of services required. The district's annual spend on its current corporate card program is approximately $300,000, and the total exposure based on limits is around $150-175,000 per month. Additionally, the district has a strong fund balance and invests in various assets, including bonds and securities. Based on these factors, a reasonable estimate for the budget could be between $500,000 and $2 million per year, depending on the scope of services and the provider's fees.

AI estimate from the solicitation

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