Specifications include, but are not limited to: The basic services should at least consist of: a. A branch office at which the City can transact business, m a convenient location with a dedicated, knowledgeable contact resource. b. Electronic on-line month-end statements along with all cancelled checks provided no later than the 2 nd business day of the following month. Such statements to be provided to various auditors upon request. Front and back images of all canceled checks must be provided. c. Monthly account analysis to include bank earnings credit, itemized fees, and interest earned to be credited to the City. d. An on-line wire transfer system for transferring money to other institutions, along with appropriate security levels for wire transfer initiations and approvals.
