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State Fiscal Accountability Authority·South Carolina

BANKING SERVICES

Closes 4/28/2026$500k – $2MRequest for Quotation
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Description

The State Fiscal Accountability Authority (SFAA) is seeking qualified vendors to provide comprehensive banking services. The contract will cover day‑to‑day banking operations, cash management, electronic funds transfer, and related financial transaction processing for the agency’s accounts. The award will be made after a competitive quotation process, with the selected vendor expected to start service shortly after contract execution and maintain ongoing support throughout the contract term. • Core banking functions including deposit handling, disbursement, and reconciliation. • Cash management services such as lockbox, remote deposit capture, and electronic payments. • Reporting and compliance support aligned with state financial regulations. • Required experience with government or public‑sector banking contracts. • Submission of a detailed cost proposal by the deadline.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Nakendra Perry

[email protected]

Key dates

Opened
4/10/2026
Pre-bid meeting
3/27/2026
Closes
4/28/2026

Last updated

Details

Type
Request for Quotation
Industry
Financial Services
NAICS
522110
Solicitation №
5400029418

Budget estimate

$500,000 – $2,000,000

No monetary value is disclosed in the solicitation. Based on typical state banking service contracts, annual fees can range from a few hundred thousand dollars for basic cash‑management services to several million dollars for full‑service banking solutions. Assuming a mid‑size state agency, a reasonable estimate would be $500,000 to $2,000,000 for the contract term, depending on transaction volume, service scope, and any ancillary reporting requirements.

AI estimate from the solicitation

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