State of New Jersey General Treasury Disbursement Services RFP - 2027
Office of Management and Budget | State of New JerseyState · NJ- Due
- May 15, 2026
- Deadline passed
- Posted
- Apr 30, 2026
- Contract term
- 4 years
- Primary contact
- Kyle Morales
- (609) 215-5653
The 30-second brief
The State of New Jersey Department of the Treasury, Office of Management and Budget is soliciting proposals from qualified state or nationally chartered banks to provide comprehensive disbursement and banking services for ten state accounts, including the General Treasury Master Account, Heating Energy Assistance Program Check Account, Income Tax Refund Account, Primary Check and ACH Accounts, Property Tax Relief Account, Consolidated Check Account, General ACH Disbursement Account, and Payroll Check and ACH Accounts. Required banking services encompass controlled disbursement, zero balance accounts (ZBA), payee positive pay, automated clearing house (ACH) origination and transmission (CCD, CCD+, PPD, CTX), wire transfers with daylight overdraft coverage up to $1.6 billion, automated daily balance reporting in unencrypted BAI2 format, full account reconciliation services (ARP), paid check imaging with a 7-year archive, web-based inquiry and communication systems, and statewide no-fee check cashing services for state payees. The submission deadline is May 15, 2026, at 4:00 p.m. ET, with a contract commencement date of January 1, 2027, for an initial four-year term and options for four one-year extensions.
Ten (10) State Accounts placement and processing, Controlled disbursement, Payee positive pay, ACH services, Wire transfers, Account reconciliation services (ARP), Paid check imaging and storage, Web-based inquiry and communication system, Statewide no-fee check cashing services
Vendor response, Experience, Financial condition, Report samples and web-based screenshots, System reliability and user interface, Security measures and contingency plans, Technical and personnel resources, ACH receiving and reporting, Client references, Implementation testing and training plans, Ability to accommodate future state mandates, Cost
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Summary
The State of New Jersey Department of the Treasury, Office of Management and Budget is soliciting proposals from qualified state or nationally chartered banks to provide comprehensive disbursement and banking services for ten state accounts, including the General Treasury Master Account, Heating Energy Assistance Program Check Account, Income Tax Refund Account, Primary Check and ACH Accounts, Property Tax Relief Account, Consolidated Check Account, General ACH Disbursement Account, and Payroll Check and ACH Accounts.
Required banking services encompass controlled disbursement, zero balance accounts (ZBA), payee positive pay, automated clearing house (ACH) origination and transmission (CCD, CCD+, PPD, CTX), wire transfers with daylight overdraft coverage up to $1.6 billion, automated daily balance reporting in unencrypted BAI2 format, full account reconciliation services (ARP), paid check imaging with a 7-year archive, web-based inquiry and communication systems, and statewide no-fee check cashing services for state payees. The submission deadline is May 15, 2026, at 4:00 p.m. ET, with a contract commencement date of January 1, 2027, for an initial four-year term and options for four one-year extensions.
EVALUATION CRITERIA
12- Vendor response
- Experience
- Financial condition
- Report samples and web-based screenshots
- System reliability and user interface
- Security measures and contingency plans
- Technical and personnel resources
- ACH receiving and reporting
- Client references
- Implementation testing and training plans
- Ability to accommodate future state mandates
- Cost
REQUIRED DELIVERABLES
9- Ten (10) State Accounts placement and processing
- Controlled disbursement
- Payee positive pay
- ACH services
- Wire transfers
- Account reconciliation services (ARP)
- Paid check imaging and storage
- Web-based inquiry and communication system
- Statewide no-fee check cashing services
REQUIRED ATTACHMENTS
Ownership Disclosure Form, N.J.S.A. 52:34-13.2 Source Disclosure Certification Form, Certification of Non-Involvement in Prohibited Activities in Russia or Belarus Pursuant to P.L. 2022, c.3, Business Registration Certificate, audited financial statements
REQUIRED STAFFING
Programming
- Submit to
- [email protected]
- Duration
- 48 months
- Scope location
- Trenton, NJ
- Reported agency
- State of New Jersey
Questions about this RFP
How do I respond to this RFP from Office of Management and Budget | State of New Jersey?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is May 15, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Kyle Morales.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Office of Management and Budget | State of New Jersey in NJ, 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 Kyle Morales at (609) 215-5653. Questions and answers are typically shared with all prospective bidders.
What staffing is required for this project?
This solicitation outlines specific staffing requirements. The required roles include: Programming. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Ten (10) State Accounts placement and processing, Controlled disbursement, Payee positive pay, ACH services, Wire transfers, Account reconciliation services (ARP), Paid check imaging and storage, Web-based inquiry and communication system, Statewide no-fee check cashing services. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Vendor response, Experience, Financial condition, Report samples and web-based screenshots, System reliability and user interface, Security measures and contingency plans, Technical and personnel reso..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Office of Management and Budget | State of New Jersey?
All active and historical solicitations from Office of Management and Budget | State of New Jersey are tracked and searchable. As a state agency, Office of Management and Budget | State of New Jersey 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: Ownership Disclosure Form, N.J.S.A. 52:34-13.2 Source Disclosure Certification Form, Certification of Non-Involvement in Prohibited Activities in Russia or Belarus Pursuant to P.L. 2022, c.3, Business. Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from Office of Management and Budget | State of New Jersey for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Trenton, NJ. Review the full solicitation for detailed scope requirements.