School District of the City of Dearborn Resolution Financial Institution Designations and Practices 2026-06-22
Paypal Authorized as District Payment Depository
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Description
Dearborn’s school district approved Paypal as an authorized depository and payment platform, capping district balances at $100,000. The resolution allows Paypal to process district payments based on certified and facsimile signatures.
Contract Details
Contract Amount
Maximum deposit $100,000
Vendor
PAYPAL
Agency
Dearborn City School District, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Renewal Info
Designation remains in force until the district provides written notice altering or revoking Paypal’s authority as a depository.
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