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Town of Irmo·South Carolina

Banking Services RFP

Closes 5/22/2026$100k – $500kRequest for Proposal
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Description

The Town of Irmo is seeking a qualified financial institution to serve as its primary banking partner, handling all general banking, deposit, and custody functions. The objective is to streamline cash handling, improve funds availability, leverage technology to cut costs, and enhance overall treasury management efficiency. This RFP invites banks to propose comprehensive solutions that meet these goals and align with the town’s fiscal policies. • Provide full‑service banking including deposits, withdrawals, and custodial services for municipal funds. • Implement technology platforms (e‑pay, online treasury tools) to increase speed and reduce manual processing. • Offer competitive fee structures and cost‑saving recommendations while ensuring compliance with state and local regulations.

Attached files

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

Contact

Lisa Hancock(Purchasing Agent)

[email protected]

(803) 781-7050

Key dates

Opened
4/22/2026
Closes
5/22/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110

Budget estimate

$100,000 – $500,000

Municipal banking contracts typically involve annual service fees based on transaction volume, cash handling, and technology integration. For a town the size of Irmo, annual fees could range from $100,000 to $500,000, depending on the scope of services, fee schedule negotiations, and any ancillary technology implementation costs.

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