Central Carolina Technical College solicits proposals to provide full banking services to include the following: () A general operating account and related banking services () A payroll account and related banking services () Information Reporting () Credit Transaction Support () Direct Pay Deposit () Fraud Control () Consolidated Deposit Services () Returned Items () Electronic Data Interchange () Special Financial Programs for Employees and Students () Temporary Line of Credit () Federal Clearing Activities The banking activity of Central Carolina Technical College is conducted through a primary master operations checking account in which all funds are deposited. Funds are transferred from this primary-operations account to a payroll checking account as needed, thereby creating a zero balance in the payroll account. Attachment A is a twelve (12) months of activity for Central Carolina Technical College’s banking operations. All fees and/or charges associated with any activities listed in this request for proposal shall be included in the competitive proposal submitted by the financial institution. The calculation of charges and services indicated are agreed upon for a maximum five-year period. Stop payments, when necessary, are placed on both the operating and payroll accounts.
