Office of the Illinois State Treasurer - Banking Services for the Settlement Account for the ePAY Program - 370-300-25-010 (2025)
IL-State-Office of the Illinois State TreasurerState · Springfield, IL- Due
- Jun 4, 2025
- Deadline passed
- Posted
- Apr 18, 2025
- Contract term
- 4 years
- Primary contact
- Christopher M. Flynn
- (217) 782-2211
Know who IL-State-Office of the Illinois State Treasurer buys from before you write a word.
Every vendor contract, renewal date and decision maker at this agency, in one place.
Set up in 30 seconds · No credit card
THE 30-SECOND BRIEF
The Office of the Illinois State Treasurer is issuing a Request for Proposals (RFP) for banking services for settlement accounts for the ePAY Program under solicitation number 370-300-25-010. The winning financial institution will provide efficient and cost-effective banking settlement services, including demand deposit accounts (DDAs), interest-bearing investment accounts, wire transfers, ACH credits and debits, earnings credit allowances, security collateralization, and electronic account analysis reporting. Proposals are due by 1:00 p.m. CT on June 4, 2025. The initial contract term is four years, with potential extensions up to a total of ten years. Respondents must be authorized to conduct business in Illinois, be a member of the Federal Reserve System, and qualify as an approved depository for public funds.
Background and Experience (30), Financial Services (20), ePAY Accounts (20), Equity, Diversity and Inclusion (10), Corporate Responsibility (10), Illinois Presence (10), Cost Proposal (20), Interview (5)
SUMMARY
The Office of the Illinois State Treasurer is issuing a Request for Proposals (RFP) for banking services for settlement accounts for the ePAY Program under solicitation number 370-300-25-010.
The winning financial institution will provide efficient and cost-effective banking settlement services, including demand deposit accounts (DDAs), interest-bearing investment accounts, wire transfers, ACH credits and debits, earnings credit allowances, security collateralization, and electronic account analysis reporting. Proposals are due by 1:00 p.m. CT on June 4, 2025. The initial contract term is four years, with potential extensions up to a total of ten years. Respondents must be authorized to conduct business in Illinois, be a member of the Federal Reserve System, and qualify as an approved depository for public funds.
EVALUATION CRITERIA
REQUIRED ATTACHMENTS
Illinois State Treasurer Certifications, Disclosures Financial Interest and Potential Conflicts of Interest (Disclosure Form A), Disclosures Other Contract and Procurement Related Information (Disclosure Form B), Appendix B Minimum Mandatory Service Requirements, Cost Proposal, Redacted Copy
- Submit to
- [email protected]
- Duration
- 120 months
- Scope location
- Springfield, IL
- Reported agency
- Office of the Illinois State Treasurer
Questions about this RFP
How do I respond to this RFP from IL-State-Office of the Illinois State Treasurer?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is June 4, 2025. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Christopher M. Flynn.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including IL-State-Office of the Illinois State Treasurer in IL, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Christopher M. Flynn at (217) 782-2211. Questions and answers are typically shared with all prospective bidders.
Can I search RFPs like this in ChatGPT or Claude?
Yes. Civic IQ has an MCP server that connects ChatGPT, Claude and other AI assistants to live Civic IQ data: open RFPs, pre-RFP signals from public meetings, awarded contracts and agency decision-makers across 100,000+ US public agencies. Add https://beta.mcp.civiciq.com/mcp as a connector (in ChatGPT under Settings > Apps & Connectors, in Claude under Settings > Connectors) and sign in with a free Civic IQ account at civiciq.com/mcp.
Show 5 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Background and Experience (30), Financial Services (20), ePAY Accounts (20), Equity, Diversity and Inclusion (10), Corporate Responsibility (10), Illinois Presence (10), Cost Proposal (20), Interview..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from IL-State-Office of the Illinois State Treasurer?
All active and historical solicitations from IL-State-Office of the Illinois State Treasurer are tracked and searchable. As a state agency, IL-State-Office of the Illinois State Treasurer regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 4 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Illinois State Treasurer Certifications, Disclosures Financial Interest and Potential Conflicts of Interest (Disclosure Form A), Disclosures Other Contract and Procurement Related Information (Disclos. Review the full document from IL-State-Office of the Illinois State Treasurer for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Springfield, IL. Review the full solicitation for detailed scope requirements.