Specifications include, but are not limited to: Given the ongoing changes in the banking industry and evolving technologies, MoDOT has determined that a review of the services offered by qualifying banks is appropriate at this time. MoDOT wishes to create efficiencies, make improvements where possible, take advantage of new applicable technologies and review its costs. MoDOT is interested in selecting one bank to provide the commercial banking, investment management and security safekeeping services described in this RFP. 1. Establish five separate checking accounts to meet the banking requirements of MHTC and maintain accurate records of activities in the accounts 2. Process the deposit of approximately 105 un-encoded checks per year 3. Process remotely the deposit of approximately 665 checks per year 4. Provide equipment for remote deposits 5. Process approximately 10,075 disbursement checks per year 6. Provide electronic positive pay services on selected accounts 7. Accept and send Automated Clearing House (ACH) transactions
