PSC codes › R711
PSC R711 — Banking: federal contracts
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What PSC R711 covers
Description: Banking Services(includes accepting and cashing government checks and other payment instruments, accepting direct deposits, accepting payments to the government from the public)
Official definition: GSA PSC Manual (PSC April 2025.xlsx), acquisition.gov/psc-manual. Category: Professional Services › Financial Services.
Who is winning new PSC R711 work
Contractors ranked by obligations on awards that started FY2024–FY2027 to date.
| Contractor | Obligations | Awards |
|---|---|---|
| CITIBANK, NATIONAL ASSOCIATION | $343.9M | 4 |
| HEALTHEQUITY, INC. | $56.4M | 111 |
| JND HOLDINGS LLC | $36.6M | 2 |
| RUST CONSULTING, INC. | $7.5M | 16 |
| FIFTH THIRD BANK, NATIONAL ASSOCIATION | $5.6M | 3 |
| U.S. BANCORP | $4.1M | 4 |
| EPIQ CLASS ACTION & CLAIMS SOLUTIONS, INC. | $3.0M | 4 |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | $2.2M | 1 |
| MISCELLANEOUS FOREIGN AWARDEES | $354K | 12 |
| U.S. BANK NATIONAL ASSOCIATION | $325K | 4 |
How competitive is PSC R711?
- 24.9% of obligations on these awards were competed.
- 80.0% of competed awards that report offers drew a single offer (n=130).
- 1.3% went to small businesses.
- The five largest contractors hold 97.6% across 23 contractors.
NAICS codes used on PSC R711 awards
| NAICS | Industry | Share |
|---|---|---|
| 522110 | Commercial Banking | 75.1% |
| 524292 | Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds | 12.2% |
| 522320 | Financial Transactions Processing, Reserve, and Clearinghouse Activities | 11.5% |
| 541519 | Other Computer Related Services | 0.6% |
| 518210 | Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | 0.5% |
| 561613 | Armored Car Services | 0.1% |
| 541611 | Administrative Management and General Management Consulting Services | 0.0% |
| 813920 | Professional Organizations | 0.0% |
Related PSC codes
R499 Other Professional Services · R710 Financial · R418 Legal Services · R424 Expert Witness · R408 Program Management/Support Services · R799 Other Management Support Services · V112 Motor Freight
Win PSC R711 work with FedSift
- Matched to your company — PSC R711 solicitations ranked against your capabilities, NAICS and certifications, with a fit score for each
- A compliance matrix from the package — every requirement in the attachments, each cited to its page
- A pipeline that watches the dates — question cutoffs and response deadlines from what the notice states, amendments and new versions as they post
- The market behind the code — buyers by contracting office, who is entering, adjacent codes and contracts coming up for recompete
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