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Document
Short Term Credit Facility Q2517
Year Created: 2025
DOCUMENT
RFP - BANKING SERVICES 2004
- YEAR CREATED: 2004
- ENTITY TYPE: County
- TYPE OF DOCUMENT: RFP - Request for Proposals
- Finance
The document is an attachment (IV) to the Request for Proposal (RFP) number 20-04. It provides additional details and specifications for the banking services being requested by the Howard County Public School System (HCPSS). The document outlines the requirements and expectations for the selected bank to provide various services, including account management, cash management reporting, funds transfers, and optional services.
The document specifies that the bank should provide online access for HCPSS to view account statements, outstanding checks, rejected items, and other relevant information. It also mentions the need for on-site training on the bank's system.
In terms of cash management reporting, the bank should provide online access to daily balance reports, detailed credit and debit reports, reports for controlled disbursement presentments, ACH transfers, and wire transfer activity. The bank should also assign a daily contact person to answer any questions regarding the provided information.
Regarding funds transfers, the bank should have the capability to accept wire transfer instructions online and provide verification and confirmation of the wire transmission. The bank should also offer a wire transfer system for repetitive and non-repetitive wires, with secondary approval required for non-repetitive wires.
The document also mentions optional services, such as providing a monthly list of canceled checks on a CD ROM, retrieving daily bank information over the phone, and consolidating bank accounts for individual school locations.
Additional items mentioned include incentive packages for bank employees, suggestions for other services or improvements, free transfers of funds between group members, and the bank's ability to provide ATM machines.
The document includes a contract schedule of participation form for vendors to fill out, as well as various attachments. This attachment (IV) provides specific details and instructions related to the RFP number 20-04.