Banking Services

Wake Technical Community College is seeking a qualified banking institution to provide comprehensive primary banking services for the College beginning July 1 2027. The contract is a three‑year, fixed‑price agreement covering all core banking functions, fraud prevention, cash handling, and value‑added treasury services. The selected vendor must be a federally or North Carolina‑chartered bank with a full‑service branch within 15 miles of the Southern Campus in Raleigh, NC. Proposals must include a technical approach, transition plan, interest‑rate strategy, fee schedule, and staffing plan, and must be submitted electronically via the NC e‑Procurement portal by November 4 2026. Evaluation will be based on technical merit, experience, account‑management plan, interest‑rate offering, and price. • Provide ACH, wire, daily deposit, check processing, positive‑pay, ACH fraud control, overdraft protection, collateralization, cash/coin services, credit‑card settlement, and online banking features. • Deliver competitive interest rates and investment return strategies for college deposits. • Submit a detailed transition/implementation plan and assign a contract manager and customer‑service liaison. • Meet reporting requirements (monthly business‑review meetings, periodic reports). • Fee schedule required for each service item for years 1‑3. • Vendor must be a North Carolina‑registered vendor in good standing.