Banking Services

The City of Henderson, Kentucky is seeking sealed proposals from qualified institutions for banking services. The city is looking for a bank that can provide a range of services, including checking accounts, direct deposit, and online banking. The successful bidder will be required to provide collateral for deposits and to pay an interest rate on checking accounts. The city has 22 active checking accounts and generates a significant volume of transactions. The contract will be for a term of 3 years with two 1-year renewal options. Key services required include: • No minimum balance requirements • Electronic bank statements • Night deposit capabilities • Direct payroll deposit • Online ability to make transfers between checking accounts • ACH Block / Filters with automatic email notifications • Remote Deposit and 3 check scanners at no cost The city is looking for a bank that can provide these services at no cost and with a competitive interest rate.