Summary of Specifications:
The City is requesting proposals from interested banks for the provision of bank payment and depository services. The scope of services includes, but is not limited to the following:
• depository services, • lockbox services, • vault services, • monthly bank statement reporting, including foreign vendor reporting • monthly account analysis reporting, • returned item processing, • transaction research, • automatic deposit and payment system, • controlled disbursement services, • Automated Clearing House (ACH) processing, • wire processing, • account reconciliation services, • same day availability of funds, • online banking services, • positive pay services, • stop payment services, • record retention, • image processing services, • interest calculation, • local bank branches, and • other banking services, to include but not limited to, purchasing card, merchant processing, and investment safekeeping
Statewide