Banking Services

The Vendor is required to provide a general depository agreement executed by the housing authority and the depository.
- The depository must be a financial institution whose deposits are insured by the federal deposit insurance corporation.
- The number of bank accounts may vary based on agency's needs.
- Banking Services:
•    Bank statements- ZIP file for All Accounts
•    Multi DD Lockbox: Tenants send payments to lock box- Custom ETL upload file to post to Tenant Ledgers
•    Transaction Search: Search using various filters and transactions types
•    Preauthorization ACH: Pre-Define Vendors/ Parties to allow ACH payments without going to fraud manager
•    Positive Pay/ Manual Check Upload
•    Fraud Manager
•    Cash Management
•    ACH Customer Activity
•    ACH Origination
•    ACH Returns
•    Add Check Issuance
•    Download Bank Activity in Excel
•    Reports
•    Retention Period to be more than 180 days
•    Transaction search- search for checks by date or amount
•    Transaction search- search for deposits by date or amount
•    Find Account balance
•    Download account activity with filtered dates in PDF or Excel
•    ACH Returns
•    ACH Rejects: Report only show rejections not returned checks or ACH returns
•    EFT Files: URP payment for tenant/landlord Monthly ACH payments
•    Check Images
•    Stales dates check from Bank’s perspective: will give details on outstanding checks
•    Returned Checks
•    Wire/ Transfer/ ACH
•    ACH Re-occurring payments/ Setups: ACH Recurring payment Templates
•    Positive Pay Exception Approval
•    Money Market Account Trading/ Reporting
•    Payee Match recognition on checks
•    Rent Café (Tenants to be able to make payments online via Yardi Portal)
•    Consolidated analysis fees summary reports
- General Requirements:
•    New Account Set Up and Close of Account
•    Dual custody approval for wires for all bank accounts and changes to user access
•    Equipment for Remote Deposits at Sites
•    Banking Supplies: Banking documents and services customarily provided to demand deposit customers will be provided at no charge, including deposit slips, endorsement stamps, etc.
•    Bank Services Contact: The bank must designate a main point of contact and corporate/business customer service department to assist and handle daily inquiries and changes during and after banking hours