Primary Depository Services

The Vendor is required to provide the city with primary depository services.
- ACH – the city expects a robust ach system to create ach credits for direct deposit of payroll and vendor payments, and to direct debit customer accounts for utility billing charges.  The city expects effective date settlement versus pre-funded settlement of ach files.
- Wire transfers – the online banking system must offer wire transfer capability. Wires may be one time or be set up as repetitive of varying amounts.  Notification of incoming wire transfers shall be made via the online banking portal.
- Online reporting services – the city uses munis and expects online reporting that at a minimum includes:
•    Ledger balance, 
•    Collected balance, 
•    One day float amount, 
•    Total credits, 
•    Total debits,
•    Detail debits and credits,
•    Transaction search capability, and  
•    Export capability to MS-excel.
- Online banking historical information retention
•    Account transaction history (standard)                   
•    Account transaction history (for additional fee)              
•    Account statements
- Online banking administration/self-administration
•    Remote deposit capture access/functionality    
•    Positive pay user access
•    ACH user functionality    
•    Wire user functionality        
•    Wire limits
- Mobile app functionality/access
•    Balance reporting and transaction detail
•    Initiate wire transfers
•    Release/approve wire transfers
•    Ach – release/approve batches
•    Positive pay exception decisions
•    Mobile deposits
•    Please list any additional functionality or clarifications in the comments
•    Our bank does not currently offer any banking services through a mobile app
- Remote deposit capture - the city expects remote deposit capture services for electronically preparing and submitting deposits.  The city is currently utilizing this service and uses a panini/vision x scanner which was purchased from the current depository.
- Controlled disbursement account - the city currently utilizes a controlled disbursement accounts for its disbursements.  The controlled disbursement presentment notification must also be accessible through online banking services.  This information must be available and accessible by 10:00 a.m. Local time.
- Zero balance account - the city expects a zero-balance account for its enterprise system wires, and payroll account and may consider replacing the controlled disbursement account with another zero balance account.  The bank teller function must identify the payroll account as a ZBA to ensure employee presentments made at the bank are honored.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: November 13, 2025