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4. Please detail exactly which types of items and services can be applied against the City's account <br />analysis in addition to standard bank services, i.e., merchant bankcard processing, armored car <br />service, bank courier service, etc. <br /> 5. Does the City have the option of compensating on fees or balances basis or, a combination of <br />both? Please describe any differences in related costs to the City with either option. <br /> <br />6. What procedure is used to make any adjustments to Account Analysis statements and how long does it take for adjustments to take effect? <br /> <br />7. Please state the negative collected balance charge that the City will pay and, in detail, explain <br />how this charge is computed. Is the rate quoted in this proposal good for the term of the <br />contract? Please provide escalation clauses. <br /> Tab F – ACH, Wire and Other Transfers: (One page preferred.) <br /> <br />Please describe the bank’s on-line transfer service capability and what specifically is <br />recommended for the City’s use and consideration. <br /> 1. What is the funding requirement for ACH payments? Are same-day payments possible? <br />Please include deadlines for same and next day payments. <br /> 2. What is the process for initiating wire transfers? Please include deadlines. <br /> <br />3. Describe the financial institution’s incoming and outgoing electronic money transfer <br />services. Include safeguards and security measures offered by your service. <br /> <br />4. Please provide a description or sample of the bank’s funds transfer agreement. How <br />are authorization levels established for transfers? <br /> Tab G – Deposit Transmittal Process (Two page maximum preferred.) The City currently <br />utilizes an armored car service at 4 locations: City Hall (5 days), Marina Community Center (2 <br />days), Recreation Office (2 days) and Main Library (1 day). <br /> 1. What are the cut-off times for deposits at the bank’s Processing Center to ensure same day <br />credit? Where is the Processing Center/Cash Vault located? <br /> <br />2. What are the cut-off times for deposits at the bank’s local branch to ensure same day credit? <br />Is there additional charge for after banking hours processing fee? 3. What is the required deposit preparation for checks? <br /> <br />4. Please describe the bank’s deposit requirements. How should the coin and currency deposits <br />be prepared? Can checks, currency and coin be included in the same deposit or are split deposits required? <br /> <br />5. Please describe in detail the bank's procedures for handling deposit adjustments. What <br />255