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City of West Palm Beach·Florida

Operating Banking Depository Services

Closes 1/23/2026$500k – $2MRequest for Proposal
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Description

The City of West Palm Beach is seeking proposals from qualified banking institutions to provide operating banking depository services for the City's funds. The successful bidder will be required to provide the most technologically comprehensive services with competitive rates. The scope of work includes providing banking services, cash management services, and other related services. Key considerations for bidders include having a branch physically located within the City boundaries and being financially stable. • The City is looking for a comprehensive banking solution that includes competitive rates and advanced technology. • Bidders must have a physical branch located within the City of West Palm Beach. • The contract will be awarded to the bidder that provides the best overall value to the City. • The City is seeking a long-term partnership with the successful bidder. • Bidders must demonstrate their financial stability and ability to provide the required services.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Sharon Sepulveda(Senior Procurement Specialist)

[email protected]

(561) 822-1056

Key dates

Opened
10/21/2025
Closes
1/23/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
RFP-25.26.201 SS-0-2026/SS

Budget estimate

$500,000 – $2,000,000

The estimated budget for this opportunity is difficult to determine, as the document does not provide a specific budget or payment amount. However, based on the scope of work and the fact that it is a banking services contract, a reasonable estimate could be between $500,000 and $2 million per year, depending on the services provided and the terms of the contract. Factors that may influence the payment range include the complexity of the services, the number of transactions, and the level of competition among bidders.

AI estimate from the solicitation

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