There are several services which are required as part of this RFQ. All services (except the optional service in subsection II (17) hereof, must be included in the proposal in order for it to be considered. It is the intent of the City to have one single bank provide the service needs of the City on its major bank accounts, which are the General Depository, General Operating with ZBA accounts, General Disbursing, and Payroll Accounts, as well as any other bank accounts that the City may have or open in the future. We are requesting that proposers include new value-added services and other advances in banking that the City may consider.
Account Types:
General Depository (with UPIC)
General Operating
Hybrid Accounts (High-interest savings account and checking account in one)
Checking Accounts
Disbursement Accounts
Zero Balance Accounts (Deposit and Disbursement)
Services Included, but not limited to:
Computerized Services (Bank Reconciliation)
ACH fraud Control
ACH Control Total
Check Block
Positive Pay
Control Pay
Cash Vault
Demand Deposit
Image Cash Letter
Image Delivery
Online Couriers ( CPR, RPT)
Outstanding check reconciliation (MFT)
Check Sort
File upload (MFT)
EDI
Lock Box
Purchasing Card Program Services and rebates
ATM - City premises
Same day Processing
Automatic Redeposit of deposit items returned
Direct Deposit/ACH payroll checks
Count and Deposit meter Collection
Other:
Opportunity for Advertising Partnership
Resiliency Loan Program for residents and Business
Offer employee benefits that include free checking account and other benefits
Other Services that proposer may offer its clients that the City has not otherwise requested
Online Banking and Management of Accounts:
Account Transfers
CPR reports
Positive Pay Maintenance
Current/prior day balance
Wire Transfer
Bank Statements
Daily activity report
Purchasing Card Management
Lockbox image browser
Special Reports
Electronic Credit Card transaction detail reports
Customer Service:
Designated account Senior Management Level, Treasury Management, Merchant Services, and Technical Support
Local Decision Making at Bank Offices
Training and Communication on Fraud Control Prevention
-PURPOSE. Please Reference, Request for Qualifications (RFQ) 2021-090-KB, Various Banking Services (attached).
-SUBMITTAL REQUIREMENTS. Please Reference Section 0300, Request for Qualifications (RFQ) 2021-090-KB, Various Banking Services (attached).
-CRITERIA FOR EVALUATION. Please Reference Section 0400, Request for Qualifications (RFQ) 2021-090-KB, Various Banking Services (attached).
Following the receipt of proposals an Evaluation Committee will review proposals in accordance with the criteria established in the RFQ.