RFP 27-01: Banking Services

The Manalapan‑Englishtown Regional Board of Education is seeking a qualified banking institution to provide a comprehensive suite of treasury‑management services for its school district. The contract will cover deposit handling, cash management, electronic banking, ACH/wire processing, remote‑deposit capture, interest‑earning on multiple district accounts, fee disclosure, and dedicated relationship management. Proposals must be sealed, submitted by the deadline, and include all required statutory and compliance forms. • Minimum services include monthly statements, electronic banking portal, ACH/Wire capabilities, remote‑deposit capture, and positive‑pay fraud controls. • The district manages roughly $20 M in general‑fund balances plus numerous smaller accounts (payroll, student activities, cafeteria, etc.), indicating a sizable transaction volume. • Vendors must provide detailed fee schedules, interest‑credit formulas, and demonstrate compliance with New Jersey procurement statutes, insurance, affirmative‑action, and background‑check requirements.