Specifications include, but are not limited to: The purpose of this RFP is to solicit proposals to provide the services that the County currently uses, including depository and bankcard services, electronic fund transfers, online access to bank accounts, and others. This RFP is also intended to allow vendors to make recommendations regarding other services that would be beneficial to the County. Services provided by our current banks are satisfactory; however, the County wishes to explore possible improvements from alternative procedures and technological advances. 1. Deposit Services - The selected bank must provide basic deposit services. Currently, separate accounts are maintained for reconcilement purposes. The County uses MICR encoded deposit slips. Please describe how best these services could be handled both economically and for reconcilement purposes. 2. Deposit Imaging – The selected bank may be requested at times to provide images of checks included in deposits. Describe the bank’s current abilities in providing such services, as well as planned enhancements. 3. Checking Services – The selected bank must provide basic check clearing services. The selected bank will be required to cash employee payroll checks free of charge without requiring employee to have an account with the institution. The bank should not refuse to pay on demand any check because of insufficient funds. At a minimum, the selected bank must provide a monthly statement with images and index of paid checks. Explain how long the original checks will be retained prior to destruction. Please describe the bank’s current abilities in providing such services, as well as planned enhancements. 4. EDI Services –The selected bank must provide EDI Services. Describe the bank’s current abilities in providing such services, as well as planned enhancements. 5. ACH Services – The selected bank must be able to receive incoming wires and provide adequate documentation on a timely basis so that the County can identify the source and for what purpose funding is being received. The selected financial institution must also be able to transmit outgoing ACH transfers, such as, direct deposits, electronically. In an effort to increase employee utilization of payroll direct deposit, Proposers should outline any benefits or incentives to our employees for participating in a direct deposit program with their bank. The County transmits direct deposits to employees’ accounts semi-monthly. The bank should not refuse any ACH payment because of insufficient funds. Please describe the bank’s current abilities in providing such services in detail, as well as planned enhancements. The selected bank must be able to provide ACH Authorizations/Blocks/ Specific Blocks & ACH Positive Pay Implementation placed on all accounts. 6. Returned Checks - All returned checks should be automatically presented twice before they are returned to the County. Describe procedures available for return check handling and notification. 7. Change/Currency Order Services – The Treasurer’s Office requires change for cashiers. Describe the bank’s procedures for requesting change and/or currency orders. Are there charges for this service? 8. Analysis Services – Each month the selected bank shall provide to the County Treasurer an account analysis showing the activity for each compensation category and the resulting charges for that activity the ability to sort by all categories for reconciliation, computation of the average daily collected balance, the resulting excess or deficit position for the month’s activity, and the compensating balances required to support the monthly activity. The analysis will show all charges incurred by the County for banking services and include activity by type of transactions, number of transactions, and any other services provided. The analysis will also show the net excess or deficit for services during the entire reporting period agreed to between the selected bank and the County. Proposers should include a sample of their account analysis statement and explain the bank’s delivery options. 9. Credit Card Services – Describe credit card, debit and ATM card collection services that your bank can provide. Include information on the equipment and possible cost necessary for implementation, as well as, fees/refunds for offering such services. 10. On-line Services - The selected bank must provide internet on-line automated balance reporting allowing access to balance and transaction information on all accounts. The ability to perform check inquiries, stop payments, ACH initiation and wire transfers is also preferred. The County is interested in learning more about other electronic payment options. Describe the on-line services you may offer. The County’s Information Services Department and Treasurer’s Office must review and approve all services that will be utilized.