Banking, Cash Management, and Competitive Interest Rates on Public Funds RFP

Description: LEAD Public Schools (“LEAD”) invites qualified banks and financial institutions to submit proposals for banking, cash management, and competitive interest-rate services. LEAD is evaluating a banking relationship encompassing operating accounts, cash management, competitive interest earnings, ACH and wire transfers, fraud prevention, remote deposits, and financial reporting. Commercial cards, virtual cards, and ePayables are excluded from this solicitation. The purpose of this RFP is to identify a banking partner that can provide competitive interest earnings, protect LEAD's funds, maintain liquidity, support daily financial operations, and deliver reliable customer service. This is an open competitive solicitation. All qualified financial institutions are encouraged to participate. Issuance of this RFP does not guarantee an award, minimum deposit balance, or transfer of funds.