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City of Franklin·Tennessee

Comprehensive Banking Services

Closes 2/26/2026$200k – $800kRequest for Proposal
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Description

The City of Franklin is seeking a qualified vendor to provide comprehensive banking services. This RFP covers a full suite of financial services, including cash management, electronic payments, treasury operations, and related advisory support, to meet the municipality’s fiscal management needs. • Scope includes account management, lockbox services, ACH processing, and merchant services. • Vendor must demonstrate capability to handle municipal cash flow, provide secure online banking platforms, and deliver timely reporting. • Contract will likely be multi‑year, with performance metrics tied to service levels and cost efficiency.

Attached files

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

Contact

[email protected]

(615) 550-6692

Key dates

Opened
1/29/2026
Closes
2/26/2026
Projected award
5/22/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
Solicitation 2026-014

Budget estimate

$200,000 – $800,000

While the exact contract value isn’t disclosed, municipal banking service contracts typically range from $200,000 to $800,000 annually, depending on transaction volume, service breadth, and fee structures. A mid‑size city like Franklin could expect a contract near the middle of that range, roughly $400,000‑$500,000 per year, with potential multi‑year extensions.

AI estimate from the solicitation

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