The City will require a minimum of nine (9) demand deposit accounts, as listed in Appendix A. While all current accounts are DDAs, the City is open to considering alternative account types if they offer a clear and demonstrable benefit. The City currently has no investment accounts other than those being managed by bond trustees. The selected financial institution must provide the following services for these accounts: • Month-end statements with access to related cancelled check images. • Individual and consolidated monthly account analysis reports. • Secure online reporting system with access to available and closing balances, priorday transaction details, and account notifications. • Deposit identification capabilities. • Online wire transfer and bill payment functionality. • Online stop-payment requests and check look-up services. • ACH debit services. • Ability to transfer funds online between checking and money market accounts...
