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Olmsted County·Minnesota

Bank Depository

Closes 7/14/2025$100k – $500kRequest for Proposal
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Description

Olmsted County is seeking a local bank within the city limits of Rochester, MN to provide banking services, including making deposits into a money market account, cash vault services, and same-day wire transfers. The selected bank will be required to meet the specifications outlined in the RFP. Key aspects of the job include: • Making deposits into a money market account • Providing cash vault services • Same-day wire transfers • Meeting the specifications outlined in the RFP The county is looking for a bank that can provide these services efficiently and effectively. The RFP includes a questionnaire and requires bidders to submit a cost proposal and a technical proposal.

Attached files

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

Contact

Wendy Fenton(Contracts Manager)

[email protected]

(507) 328-6549

Key dates

Opened
6/13/2025
Questions due
6/23/2025
Closes
7/14/2025

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
RFP2025-334

Budget estimate

$100,000 – $500,000

The budget for this opportunity is difficult to estimate, as the RFP does not provide a specific amount. However, considering the services being requested, it is likely that the budget will be in the range of $100,000 to $500,000 per year, depending on the scope of the services and the number of transactions. Factors that may influence the likely payment range include the size of the money market account, the volume of cash vault services, and the number of same-day wire transfers.

AI estimate from the solicitation

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