Banking Services

The Vendor is required to provide banking, investment custody services and merchant card processing from authorized depositories to provide Banking Services.
- Banking Services – services provided by a banking institution in maintaining a bank account, including, but not limited to:
• The acceptance of deposits,
• The payment of checks;
• Electronic funds transfers;
• Lockbox services,
• Armored car services;
• Stop payment services, and
• Reconciliation services.
- Monthly statements of collateral should be provided to the County within fifteen (15) days of the close of each month. Please include examples of daily confirmations and monthly statements.
- The County currently utilizes controlled disbursement accounts for the County’s General Fund, Trust Fund, Payroll and Social Services.
- This is to include General Fund checking, Payroll and Social Services. Electronic images of all paid and returned checks for all checking accounts must be provided to the County each month.
- provide electronic cash management services via personal computer to allow the County to initiate internal transfers between accounts, to obtain account balances, online statements and to initiate stop payments, etc.
- Proposals must state capabilities in assisting the County in future issuance of debt, notes or bonds, and whether they can handle non-bank-qualified debt.
- Banks submitting proposals must provide the length of time the County would be able to view records of its accounts online.
- These services should include credit card payment processing, check by phone services, debit card payments and any other services that may be available for this purpose.
- provide, either directly or through a qualified subcontractor, armored car pickup and transportation services for municipal deposits from designated municipal locations to the Municipality’s designated depository institution.
- The selected Proposer must provide online bank access for transfers and reporting on current and previous day balances and transactions.