Bank Depository Services

The Vendor is required to provide bank depository services in accordance with the government.
- Provide evidence of adequate insurance coverage, including general liability, worker’s compensation, financial institution bond, and banker’s professional liability insurance.
- The City of Ennis maintains several active funds, including but not limited to the general fund, utility fund, debt service fund, and various special revenue and capital project funds.
- The depository bank shall provide the city with monthly collateral reports that include the type, par value, market value, and rating of each pledged security, along with a summary of substitutions and market adjustments.
- The City utilizes interest-bearing checking accounts. 
- Provide information regarding interest rates offered for checking accounts, savings accounts, money market accounts, and certificates of deposit.
- The bank will honor only city-issued checks that have been pre-authorized through the positive pay system.
- The city intends to implement positive pay services with full or partial account reconciliation for its most active accounts.
- Positive pay files are transmitted electronically.
- Wire Transfer Services
•    Ability to initiate and monitor wire transfers online
•    Ability to create and store recurring/repetitive wire templates
•    Ability to create and store future-dated wire instructions
•    Robust security measures for initiation and approval of wires
- Automated Daily Balance Reporting
•    The City requires an automated, PC- or web-based reporting system providing access to closing ledger and available balances.
•    Balance and detail reporting must be included.
- Sweep Account Provisions
•    If the City elects to use sweep services, the bank will be responsible for automatically sweeping daily balances into an investment option (e.g., money market fund, repurchase agreement).
•    Must describe sweep options and provide a prospectus for any money market fund offered.
- Online Banking Services
•    Daily balance and detail reporting with images
•    ACH and wire reporting with addenda
•    Online statements
•    Transfers between accounts
•    Initiation of wires, ACH, and stop payments
•    Security controls and administrator training

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: November 26, 2025