Specifications include, but are not limited to: provide high-level banking services at the most reasonable cost. The City’s cash management system manages all government funds with a sweep account system checking, depository, and investment accounts. The City has need of a central operating checking account, a payroll account, a potential self-insurance checking account, and a credit/debit card 3rd party deposit account. The institution will furnish the City with additional accounts as needed. The City currently utilizes, and intends to continue utilizing, positive pay services for check protection and remote deposit for checks collected; The City wires funds online on a repetitive and non-repetitive basis to other banks. The City requires online outgoing wire transfers and confirmations to be provided. Wire Transfers ordered by the City and not received by the destination party will be traced from origin to destination to ascertain the party responsible for delaying the transfer. Please describe the following services: • Policy on daylight overdrafts, including aggregation of accounts and wire deadlines. • Ability of government to initiate and monitor wire transfers online. • Ability to create and store recurring/repetitive wire instructions/templates. • Ability to create and store future-dated wire instructions. • Security measures for wire initiation and approval.