1) Depository Services The banking institution will be required to provide normal depository services as listed on the Cost of Banking Services Form–Appendix B, including processing of all debit and credit items, night drop deposits, wire transfers, stop payments and returned items. 2) Online check images or CD ROM of checks The banking institution will be required to provide online check images including several years of history or a CD of the paid items and any software necessary to view and index the paid items. The images must clearly display the front and back of the canceled check. . 3) Statement and Advice Frequency All accounts will run on a calendar month basis. Awarded bank must provide e-mail delivery of all monthly account statements within 3 days after the end of the statement cycle. 4) Direct Deposit for Payroll The FCSD3 currently processes payroll for approximately 525 full and part-time employees, all of who are paid semi-monthly. If the scheduled payday is a holiday, employees are paid on the workday preceding the holiday. Currently, FCSD3 has more than 525 employees’ process for direct deposit of their payroll. The FCSD3’s Finance Department generates and transmits a direct deposit file to the bank for processing via ACH. Please include your entities lead time for this type of transaction.
