The financial institution selected as a result of this solicitation will be expected to provide full-service banking services for the following: 1. A general operating account and related banking services 2. A payroll account and related banking services 3. A student refunds account and related banking services 4. Credit Card account and related banking services 5. Information Reporting 6. Direct Pay Deposit 7. Fraud Control Consolidated 8. Deposit Services 9. Returned Items 10. Electronic Data Interchange 11. Special Financial Programs for Employees and Students 12. Temporary Line of Credit 13. Federal Clearing Activities 14. ACH account and related banking services 15. Positive pay services for checks issued by TTC 16. Overnight or other short term investment agreement as deemed by the college 17. Full electronic (online) banking services; The banking activity of TTC is conducted through a primary master operations checking account in which all funds are deposited. Funds are transferred from this primary-operations account to: payroll checking account, student refunds account, credit cards account, and an ACH account as required. The aforementioned accounts are zero balance accounts. The financial institution shall invest TTC’s excess funds as deemed by the college. The college also reserves the right to invest funds with other investment companies and the Local Government Investment Pool (LGIP)...
