Depository Contracts for Charter Schools

A charter holder must have a depository bank into which the Texas Education Agency (TEA) deposits funds for the charter holder. The charter holder creates a depository relationship with a bank by executing a depository contract with the bank. 

Related Texas Rules and Statutes

Procedure for Depository Contract—Charter Holder

Annual Submission Due December 1

By December 1 of each year, the charter holder must either:


  • File a signed statement that there have been no changes to the accepted depository contract currently on file with the TEA.

The contract and direct deposit form or the statement must be submitted electronically through the Texas Education Agency Login (TEAL) Audit application. See Electronic Submission of Depository Contract Files at the bottom of this page.

    Review the instructions below before submission because the depository contract and the direct deposit form will not be accepted if the forms are incomplete or incorrect:

    Account Information Update 

    If direct deposit account information changes, a new Vendor Direct Deposit Authorization form must be submitted:

    Electronic Submission of Depository Contract Files

    Please review the Depository Contracts Electronic Submission Process document for instructions on submitting depository contract files to the Texas Education Agency.

      Contact Information

      Please forward all comments and questions to

      Thanh Quach (512) 463-7652

      Division of Financial Compliance

      Phone: (512) 463-9095