There are no minimum balance requirements for TexPool participants, and there is no limit on the number of accounts a participant can have. Deposits and withdrawals to TexPool can be made on any business day of the week. Three methods of completing transactions are available. Deposits, withdrawals, and transfers may be made through an automated phone system, a computer on-line system, or by contacting a Participant Services representative directly. Transactions can be entered up to ten business days in advance or completed on the date of entry.
Interest is accrued daily and paid monthly.
Interest may either be left in the participant's account or withdrawn. The governing body adopts a resolution authorizing TexPool and designating authorized TexPool representatives. The signed resolution and other required documents are returned to TexPool Participant Services. The account will ordinarily be opened within 10 business days. Complete enrollment instructions can be found in the TexPool Operating Procedures .