Banking Services

The Vendor is required to provide comprehensive banking services from qualified, full-service, FDIC insured banking institution.
- Banking services to include the following:
•    A general operating account and related banking services (currently this is interest-bearing public funds checking account using Positive Pay)
•    A payroll account and related banking services (currently this is zero-balance public funds checking account tied to the general operating account)
•    A federal clearing account and related banking services (currently this is used as a pass-through account to draw down federal monies with no fees assessed)
•    Large change orders as needed for registration or Bookstore buyback program
•    Investment services
•    Full electronic (online) banking services
•    Direct Pay Deposit
•    Fraud Control
•    Consolidated Deposit Services
•    Returned Items
•    Electronic Data Interchange
•    Special Financial Programs for Employees and Students
•    Credit Cards for Executive Use
•    Temporary Line of Credit
•    Account Reconciliation Services
•    Federal Clearing Activities
•    Account Validation Services