Banking Services

The vendor required to provide banking services by the depository at no charge to agency:
•    The depository shall process stop-payment requests (estimated at 45 per year).
•    The depository shall provide eight bank bags and two locking bags for the college.
•    All college accounts will earn interest (interest bearing).
•    Provide monthly bank statements with cancelled checks. 
•    Checks shall be sorted in numerical order. 
•    Statement ending date shall be the last day of each month. 
•    The bank statements will be available no later than the first working day of the following month.
•    Process wire transfers (approximately 10 per year) for the college.
•    Provide limited overdraft protection. 
•    The college intends to maintain balances sufficient to cover all draws against its accounts; however, the depository is requested to provide limited overdraft protection should an error occur.
•    Provide research services up to thirty transactions per year. 
•    Provide non-sufficient fund check coverage. 
•    Agency shall be provided with the capability to generate on-line ach electronic debits from its campus. 
•    The depository shall provide a contact employee for assistance that the college may need. 
•    The depository shall provide electronic (on-line) transfers among any of the college accounts without an additional charge.