Commercial Banking Services

The Vendor is required to provide the city’s primary banking relationship is currently maintained at bank.
- The City wishes to create efficiencies, make improvements where possible, and take advantage of new, applicable technologies. It is the City’s intent to maintain all commercial banking services with one financial institution to maximize cash flow and minimize administrative expense. The City reserves the right to award multiple banking services contracts if it’s deemed to be in the best interest of the City to do so.
- Ability to provide the following services including modern treasury management, automation, fraud prevention, and system integration capabilities:
• Demand Deposit Accounts
• Bank Compensation
• ACH, Wire and Other Transfers General account.
• Deposit Transmittal Process / Remote Deposit Service
• City-wide Deposit Activity
• Account Reconcilement
• State Activity (LAIF)
• Direct Deposit Relationship – State of California
• Direct Deposit of Payroll
• Payroll Tax Processing
• Overnight Sweep
• Balance & Detail Reporting
• Controlled Disbursement
• Positive Pay/Reverse Positive Pay Services
• Merchant Bankcard / Credit card processing
• Electronic Direct Payment Services
• E-commerce Solutions: ePayables and remote deposit services
• Business Continuity Plan
• Fraud Prevention and Security
• Technology & Integration
• Service enhancements including Fraud Protection Program
• Receivables Processing (Lockbox & Electronic Payments)