IFB #V92812508 Joint Venture Program (JVP) Savings Accounts

The California Prison Industry Authority (CALPIA) is soliciting bids for the provision of blocked bank savings deposit accounts for the savings portion of certain eligible incarcerated individual compensation. The selected bank will be required to establish and maintain these accounts, provide account statements, and comply with applicable banking regulations and CALPIA's policies. The contract term is expected to be two years, with the option to extend for an additional two years. * Key services include: * Establishing and maintaining blocked bank savings deposit accounts * Providing account statements to the Administrator * Complying with applicable banking regulations and CALPIA's policies * Cooperating with CALPIA to ensure the accounts are managed in accordance with the Joint Venture Program * Providing Cashier's Checks for disbursements * Maintaining confidentiality and security of account information