Banking Services

Effingham County is soliciting proposals for comprehensive banking services under solicitation 26-RFP-130 to support its current and future financial needs. The objective is to establish a system that minimizes the County's float and provides robust cash management, treasury operations, and wire transfer capabilities, including ACH and EFT. The contract is intended for an initial term of 24 months, with options for 12-month renewals. Award decisions will be based on the bidder's ability to meet RFP requirements at a competitive price, with a strong emphasis on customer service and technology. Eligible financial institutions must be state- or federally chartered, FDIC-insured, and members of the Federal Reserve System. They must be qualified depositories for public funds and maintain insurance rated A or better by AM Best Company and in good standing with the Georgia Insurance Commissioner’s Office. Key requirements include the provision of armored car services, a dedicated customer service representative, and a mandatory banking process review every 12 months. The successful vendor must also provide both on-site and web-based training for County staff and implement security measures to prevent unauthorized transactions and AI-driven fraud. Proposals must be submitted as a single PDF via the OpenGov portal by December 31, 2026, at 11:00 a.m. Eastern. Submissions must include the Banking Services Proposal Form, Exhibits A and B, and Attachments A and B. The contract allows for termination with or without cause upon 30 days' written notice, and any contract disputes must be reported in writing to the County Manager within 48 hours of occurrence.