Specifications include, but are not limited to: a. The County Treasurer (and other County offices) will at a minimum, deposit daily with the selected bank, all receipts into the Daily Deposit Account. All checks deposited shall be in accordance with the bank’s availability of funds schedule provided with their proposal. b. The selected bank shall accept and send electronic fund transfers, and ACH payments to and from the Accounts. Describe current abilities and available options for EFT and ACH. Security of file transmission is of high importance. c. The County will maintain a zero balance account (ZBA). The Daily Deposit Account (DDA) would fund these disbursements automatically for those items presented for payment on a daily basis. d. Wire transfers shall be made from the Daily Deposit Account. The selected bank shall provide a confirmation of all such transfers within 4 hours of initiation. Incoming and outgoing wire transfers are to be made at no cost to the County. e. Contractor will provide the County information below in a manner agreed upon by both parties. Offerors are requested to provide available options in supplying electronically the detail needed for account reconciliation. • Provide detailed and summarized information on all previous day’s activity on the Daily Deposit and Zero Balance Account. • Daily Deposits, incoming electronic funds transfers, and other additions. • Daily cleared checks, outgoing electronic fund transfers, and other deductions. • Detail of all cleared items including check number, amount, and date paid is required. • Stop payment and check clearing inquiries.
