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Minnesota State Colleges and Universities·Minnesota

Comprehensive Banking and Treasury Management Services

Closes 1/23/2026$5M – $20MRequest for Proposal
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Description

The Minnesota State Colleges and Universities system is seeking a financial institution to provide comprehensive banking and treasury management services. The selected institution will be responsible for managing all primary operating, clearing, and auxiliary accounts, as well as providing daily balance reporting and same-day availability of funds. The institution must also offer interest-bearing accounts and competitive investment yield options. Additionally, the institution will be required to provide treasury management services, including ACH origination, domestic and international wire transfer services, and merchant services. The institution must also have a secure, web-based treasury management portal with real-time account balances and transaction reporting, as well as customizable dashboards and reporting tools. Some key aspects of the job include: • Core Banking & Account Management • Treasury Management Services • Fraud Prevention & Risk Management • Technology Integration & Automation • ATM & Campus Services (Optional) The evaluation process will consider factors such as the institution's understanding of the university's needs, the quality and comprehensiveness of the proposal, and the cost/value offered to the university.

Attached files

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

Contact

George Bass(Procurement Contact)

[email protected]

(507) 537-7470

Key dates

Opened
12/31/2025
Closes
1/23/2026
Duration
120 months

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
SRC-SMSU-2026-000512-RFP

Budget estimate

$5,000,000 – $20,000,000

The budget for this opportunity is likely to be substantial, given the comprehensive nature of the services required. A rough estimate for the annual fee could be in the range of $500,000 to $2,000,000, depending on the scope of services and the institution's fees. Over the 10-year contract period, the total budget could be between $5,000,000 and $20,000,000. Factors that may influence the likely payment range include the size and complexity of the university's financial operations, the level of competition among bidders, and the institution's reputation and experience in providing similar services.

AI estimate from the solicitation

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