Government Contract | Montana
General Banking Services

Bid Information


Bid Alert No: 00002014319

Bid Title: General Banking Services

Agency Bid No. Title: DOA-SFSD-RFP-2020-0117JT

Received Date: 01/16/2020

Close Date: 03/19/2020

Purchase Type: Not Stated

Delivery Point: Montana

Delivery Date: Not Stated

Special Notices: Bidder Preregistration

Specifications

Specifications include, but are not limited to: The State of Montana is seeking a contractor to provide general banking services for its 35 different business units. The State of Montana is seeking a contractor to provide general banking services for its 35 differentbusiness units. The State of Montana (State) currently has approximately 40 depository accounts and 10accounts for payments made, serving our different business units (or state agencies and component units,such as Department of Revenue, Montana State Lottery, Montana State Fund, and Montana StateUniversity). Excess monies within these bank accounts is transferred into investment accounts with yetanother institution on a daily basis at the direction of the Montana State Board of Investments. The averagedaily balance in the primary depository account is $15.4 million. The estimated annual deposit total is $11billion, annual payment total is $11 billion (70% ACH payment, 25% warrants, 5% wires). The stateutilizes approximately 80 remote deposit capture machines in various locations

Product Code: 94625

Agency Information


Issuing Agency: State of Montana - Department of Administration

State: Montana

Agency Type: State and Local

Contact: John Thomas

Phone: 406-444-0110

Email: jthomas@mt.gov

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