RFP 2025-009 Banking Services

Background
The City of Lynchburg, Virginia is requesting proposals from qualified banks to provide banking services to the City and the Schools. The primary contact between the selected Contractor and the City shall be the Financial Services Department.

Work Details
The selected bank is required to maintain a Concentration Account for receipt of all City deposits, a Zero Balance Depository Account (ZBA) for the deposit of the Schools’ receipts, EMS‐MC receipts, and Waste Zero receipts.
The bank must also maintain four (4) additional Zero Balance Disbursal Accounts for specific purposes.
The bank is expected to provide detailed deposit information, adjustments to accounts, and monthly bank statements for each account.

Period of Performance
The period of performance for this contract is not explicitly stated in the provided information.

Place of Performance
The banking services are to be performed in Lynchburg, Virginia.