Banking Services

The County of Volusia, Florida, is soliciting proposals for comprehensive banking services to support both County operations and the accounts of Constitutional Officers. The scope of work includes establishing a full-service banking relationship that covers a range of specialized accounts. These include a Pooled Cash Account for daily balance concentration, zero-balance accounts for Accounts Payable and Payroll with positive-pay protection, utility payment processing accounts, corrections inmate funds management, and operational accounts for facilities such as Corrections. The solicitation also requires separate banking services for the Tax Collector, Supervisor of Elections, and Property Appraiser, as well as other specialized accounts for various County functions. This Request for Proposals (RFP) is issued by the County of Volusia, Florida, to identify a qualified financial institution capable of meeting the County's comprehensive banking needs. The background for this contract is the County's need to streamline and secure its financial operations across numerous departments and Constitutional Officer accounts, ensuring efficient, modern, and compliant banking services. Contract requirements include providing modern technology solutions such as web-based account access with dual-factor authentication, robust online banking capabilities (including wire transfers and ACH processing), electronic payment processing, remote deposit capture, and positive-pay fraud protection. The selected bank must offer detailed monthly reconciliation services, maintain a centralized vault for deposit processing within specified Florida counties, supply necessary banking materials and supplies, and provide emergency banking services within 24 hours in the event of disaster. The County also requires the elimination of float time, maximization of interest earnings through sweep arrangements, and secure, efficient processing of approximately 2,800 direct deposit payroll transactions biweekly and 75-125 weekly ACH vendor payments. Proposals must be submitted in accordance with the instructions provided in the RFP. Respondents should demonstrate their experience and capabilities in government banking, regulatory compliance, and their ability to serve both the County and multiple Constitutional Officers with varying needs. The County encourages innovative banking solutions and partnership arrangements that go beyond the specified requirements.