Banking Services

Oklahoma statute Title 62, Chapter 1, Section 71 requires that all money collected be deposited daily with the State Treasurer.  The statutes also designate the State Treasurer’s Office as the disbursing agency of the state.   

The State Treasurer’s Office is responsible for:

• Banking Operations: daily deposits, warrants disbursed by agencies and stop payments, ACH wires for the benefit of agencies, disbursement of state warrant via cashier window, and functioning as the bank to state agencies by completing daily banking processes on their behalf
• Electronic funds transfer initiated on behalf of state agencies
• PayCard for receipt of payroll by state employees
• Merchant credit card processing for agency services

The State Treasurer’s Office has internal policies and procedures designed to protect agency customer information. We also maintain physical, electronic, and procedural safeguards that comply with federal and state standards to store and secure information from unauthorized access, alteration, and destruction.  The Banking Services Division of the State Treasurer’s Office has developed procedures which provide minimum standards for establishing and maintaining relationships between state entities and financial institutions.