Respondents may address any or all of the following service categories: A. HUD-Compliant Deposit Accounts • Separate accounts for Federal programs as required by HUD. • Interest-bearing accounts where permitted. • FDIC insurance and collateralization of deposits in excess of FDIC limits. • Trust, escrow, and restricted accounts (e.g., HAP, tenant deposits). B. Treasury and Cash Management Services • ACH origination and receipt (HAP payments, vendor payments). • Wire transfer services with dual authorization controls. • Sweep accounts compliant with HUD and Illinois law. • Liquidity and cash flow management tools. • EDI collections and BAI report. C. Disbursement & Payment Services • Check issuance and positive pay services. • Electronic vendor payment platforms. • Payroll services (if applicable).
