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  5. ›27MISC6, Banking and Direct Deposit Services

Maryland Frederick County Public Schools·Maryland

27MISC6, Banking and Direct Deposit Services

Closes 11/20/2026$200k – $500kRequest for Proposal
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Description

The Board of Education of Frederick County Public Schools is seeking qualified banking firms to provide comprehensive banking and direct‑deposit services for the district. Vendors must submit sealed technical and cost proposals electronically via OpenGov Procurement by the November 20, 2026 deadline. A virtual pre‑bid conference will be held on October 28, 2026 to clarify requirements. The contract will cover all banking transactions, cash management, and direct‑deposit processing for the school system, with the award pending Board approval. • Scope: full‑service banking, electronic funds transfer, payroll direct deposit, cash handling, reporting. • Delivery: ongoing services for the school district (duration not specified). • Submission: electronic only, no mailed bids; mandatory registration on Maryland’s vendor portal. • Evaluation: technical and cost proposals evaluated; minority‑business participation encouraged. • Contact: Bill Meekins, Purchasing Manager (email & phone provided).

Attached files

Contact

Bill Meekins(Purchasing Manager)

[email protected]

(240) 586-7510

Key dates

Opened
10/19/2026
Pre-bid meeting
10/28/2026
Closes
11/20/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522110
Solicitation №
BPM059380

Budget estimate

$200,000 – $500,000

The solicitation does not disclose a contract value. Typical banking service contracts for a mid‑size school district range from a few hundred thousand to low‑single‑digit millions annually, depending on transaction volume and service breadth. Assuming a moderate transaction load and standard fee structures, a reasonable estimate is $200,000 – $500,000 per year. Factors influencing the final amount include the number of accounts, volume of direct deposits, cash‑handling requirements, and any value‑added services (e.g., reporting tools).

AI estimate from the solicitation

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