A. Banking Services - Day-to-Day Banking including disbursements, deposits, short-term investments, etc. Establish demand deposit accounts as may be necessary to meet banking requirements of JAXPORT. JAXPORT may require various accounts for separation of funds, but will utilize one primary account as a concentration account for primary banking functions, including checking account, lock box, incoming and outgoing wires and ACH, etc. Provide on-line balance reporting services for all JAXPORT’s accounts. Available information should include; opening ledger, opening collected, closing ledger, closing collected, float, previous day debit and credit detail, ACH credit and debit detail, cleared checks, wire transfers, stops payments, etc. After minimum concentration account balance requirements are met, if applicable, sweep any excess cash balances into an approved overnight or other investment vehicle. Provide monthly activity statements and reports for all accounts. Statements must be sent by no later than the 5th business day of each month following statement cutoff date. Electronic or online statements are preferred. Provide lockbox collection services. B. On-line Treasury Management - Including wire transfers, ACH transactions, reporting, disbursement verification, stop payments, dual controls for wire execution and approval, etc. with mobile and/or remote capability. Please describe features on your On-line treasury management system (or equivalent).
