Banking Services Depository Bid

The City of Jackson, Mississippi, is seeking proposals for banking services, including depository services. The successful bidder will provide services such as checking and savings accounts, cash management, and investment strategies. The contract will be for a period beginning January 1 and ending December 31, with the option to renew. The city is looking for a financial institution that can provide secure and efficient banking services, including online banking and wire transfer services. Some of the key requirements include: • Providing a fixed or variable interest rate on the city's accounts • Offering earnings allowance on daily account balances to offset bank service charges • Providing monthly statements and annual reports • Allowing the city to establish or maintain checking or savings accounts with no charge or minimum charges • Providing services such as stop payments, wire transfers, and night depository services with no charge or minimum charge • Executing a Collateral Security Agreement with the city • Monitoring monthly deposits and providing an annual report listing accounts reported to the State Treasurer