FINANCIAL_SERVICESAWARDED

City of Raleigh Awards Financial Services Contract to Wells Fargo Bank Na (August 2026)

The City of Raleigh authorized a lockbox remittance services contract with Wells Fargo Bank, NA for up to $575,000, with a two-year initial term and options for three additional one-year renewals. The bank will handle secure collection, processing, and deposit of customer payments for City utilities.

Status
AWARDED
Document date
August 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Wells Fargo Bank Na
Agency
City of Raleigh · NC

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $575,000
Contract type
FINANCIAL_SERVICES
Contract term
Two-year initial term with option to renew up to three additional one-year terms
Renewal
Contract includes a two-year base term and options to renew for up to three additional one-year periods, subject to City approval.
Document type
Agenda
Source document
City of Raleigh Agenda 2026-08-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Raleigh?

Wells Fargo Bank Na was awarded this financial services contract by City of Raleigh, as recorded on August 18, 2026. The contract value is Not to exceed $575,000.

How much is the Wells Fargo Bank Na contract with City of Raleigh worth?

The Wells Fargo Bank Na contract with City of Raleigh is valued at Not to exceed $575,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Raleigh Agenda 2026-08-18 (Agenda), dated August 18, 2026 from City of Raleigh. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank Na hold?

Wells Fargo Bank Na may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Wells Fargo Bank Na's profile

What is City of Raleigh currently buying?

Explore City of Raleigh's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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