The successful banking institution will provide deposit bags to the Borough. On-Line Banking As part of on-line banking, the successful banking institution must have the capability of providing for wire transfers, stop payments, ACH transfers, book transfers, statement retrieval and inquiry of account balances. The Borough currently has access to all bank accounts on-line. Wire transfers: The successful banking institution must have the capability to originate incoming and outgoing wire transfers. Account Statements: The successful banking institution will maintain the various Borough accounts, providing monthly statements along with all cancelled checks (or some report in compliance with CHECK 21) no later than the 10th day of the following month. The statement cutoff date for all accounts shall be the last day of the month. All accounts will receive monthly statements regardless of activity. Interest on all accounts will be credited directly to operating accounts so designated...
