The City will require the following services for all of their accounts. Any charges for these services, as well as balance requirements, are to be noted on the attached proposal form. Any variation from these requirements must be noted on the attached proposal form. ● All monthly account statements must be mailed by the 5 th business day of the month. ● Account reconciliation for the above referenced accounts. ● Interest on accounts. ● Wiring services. ● Monthly account analysis to include banking earnings credit, itemized fees, and interest earned to be credited to the City. ● Ability to accept on line banking transactions from the City. ● A Bank office, at which the City can transact business, in a convenient location to the City. ● Eligibility to act as a depository for public funds under the Governmental Unit Deposit Act. Certificate should be submitted with your response to this RFQ. ● Ability to comply with all requirements and State statutes for developer escrow accounts. ● Additional Services provided to City Employees.
