Description
Auburn University is seeking sealed proposals from qualified financial institutions to provide cash management banking services for the University's Operating Accounts, Payroll Accounts, and other related checking accounts. The proposed contract will be for five years with options to extend. The University is looking for a provider that offers high-quality banking products and services, advanced technology, and optimal pricing. The successful respondent will be required to provide various banking services, including online banking, ACH origination, wire transfers, and positive pay.
• The contract term will be five years with options to extend.
• The University has an operating budget of over $1,700,000,000 and employs over 16,000 people.
• The University is looking for a provider that can support its current and future banking needs.
• The provider must have experience in providing similar services to public or commercial enterprises.
• The provider must be a member of the Federal Reserve System and the National Automated Clearing House Association (NACHA).