1. ACCOUNT STRUCTURE a) Describe the account structure proposed including the type of accounts (interest bearing, money market, zero balance accounts, etc.), along with the overall account structure. b) Provide the proposed computation basis for interest-bearing accounts, if applicable. c) Provide a basis for rates in the interest-bearing accounts and money market accounts if based on an index or standard basis. d) If the rate is to be indexed, indicate the rate at which interest would be paid on interestbearing and money market accounts during this period. e) Interest will not be charged on the account analysis. Please confirm agreement with this condition. 2. AVAILABILITY OF FUNDS ATCOG requires timely access to balance information and transactions through an automated system. Minimum automated services should include balance reporting, account transfers, wire transfers, with the ability to monitor those transfers, and uploading ACH payments. Preferably, positive pay exceptions would be available online. a) Describe the bank’s online service capabilities. List its capabilities and back-up provisions. b) Provide access times and update times for daily information. c) Submit samples of major screens and reports available and specify all ATCOG hardware and software requirements. d) Describe the back-up process for online balance reporting.
