Banking for Unemployment Benefits

The State of Indiana’s Department of Workforce Development is seeking a qualified banking institution to provide comprehensive banking and financial services for the Indiana Unemployment Insurance (UI) program. The contractor will manage the disbursement of unemployment benefits, maintain accounts, process transactions, and ensure compliance with state regulations. This contract will support the state’s UI beneficiaries by delivering reliable, secure, and efficient banking solutions. • Scope: Full‑service banking for UI benefit payments (account setup, fund transfers, reporting). • Required: Proven experience with government‑level benefit disbursement, robust security controls, and ability to handle high transaction volumes. • Deliverables: Daily processing of UI checks, online portal access for claimants, regular reconciliation reports, and customer service support. • Evaluation: Based on technical capability, cost competitiveness, and prior government contracting performance. • Deadline: Proposals due 11/30/2026.