Posted Date : July 24,2021
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3495
Government Authority located in Chattanooga, Tennessee; USA based organization looking for expert vendor for banking services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide banking services including treasury management services
and portfolio investment services to the government authority located in Chattanooga, TN.
1. Online access of the following items:
a) Daily reports on balances in each account.
b) Daily transactions for each account.
c) Inquiry of status of checks.
d) Requests and confirmation of stop payments.
e) Transfer funds between agency accounts.
f) Wire transfer funds to other financial institutions.
g) Direct deposit of payroll, HCVP, and Revolving Fund. ACH credits should be scheduled to appear on the payees’ accounts on the morning of the pay date.
h) Other various payments or receipts through ACH such as tax payments, receipt of rent or fee payments, and accounts payable payments.
i) Account reconciliation file or product for reconciling all of the accounts.
j) View and print paid checks and deposits.
2. Acknowledgment of all ACH transfers on the date received. Advice narrative provided by remitter should be provided no later than the next business day after the night that the ACHs are posted.
3. Same day processing of stop payment orders made by phone or electronic transmission.
3.1.2 Prompt delivery of bank statements after the last day of each month (not later than 5 business days) through web interface (internet).
3.1.3 Bank reconciliation files/analyses for all of the accounts within 15 days after end of month.
3.1.4 Mail notification of discrepancies in deposits (e.g., cash shortages).
3.1.5 Agreement to honor Agency checks even if the checking account has an insufficient balance, with the understanding that CHA will transfer sufficient funds on the same day as notified of the shortage.
3.1.6 Designation of an account manager, who will be a single source point of contact for problem resolution.
3.1.7 Provide Investing Strategies and maintain investment portfolio that meet HUD guidelines as prescribed. At a minimum, provide monthly reporting of each investment and each new transaction (i.e., investment register) and provide quarterly reporting of the Fair Market Value of each investment.
3.1.8 Furnish research items within 24 hours.
3.1.9 No returned check charges on any accounts.
3.1.10 Complimentary services for all wire transfers and cashier’s checks.
3.1.11 Stop payments at no charge.
3.1.12 Banking institution must meet all federal requirements for collateralization.
3.1.13 Provide current interest rates, service charges and required reserves for each proposed account.
3.1.14 Positive pay for checks & ACH (required).
3.1.15 Remote deposit capture (required). Must be compatible with Digital Check TS-240.
- For more information describe in document.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: September 21,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3495
Government Authority located in Chattanooga, Tennessee; USA based organization looking for expert vendor for banking services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide banking services including treasury management services
and portfolio investment services to the government authority located in Chattanooga, TN.
1. Online access of the following items:
a) Daily reports on balances in each account.
b) Daily transactions for each account.
c) Inquiry of status of checks.
d) Requests and confirmation of stop payments.
e) Transfer funds between agency accounts.
f) Wire transfer funds to other financial institutions.
g) Direct deposit of payroll, HCVP, and Revolving Fund. ACH credits should be scheduled to appear on the payees’ accounts on the morning of the pay date.
h) Other various payments or receipts through ACH such as tax payments, receipt of rent or fee payments, and accounts payable payments.
i) Account reconciliation file or product for reconciling all of the accounts.
j) View and print paid checks and deposits.
2. Acknowledgment of all ACH transfers on the date received. Advice narrative provided by remitter should be provided no later than the next business day after the night that the ACHs are posted.
3. Same day processing of stop payment orders made by phone or electronic transmission.
3.1.2 Prompt delivery of bank statements after the last day of each month (not later than 5 business days) through web interface (internet).
3.1.3 Bank reconciliation files/analyses for all of the accounts within 15 days after end of month.
3.1.4 Mail notification of discrepancies in deposits (e.g., cash shortages).
3.1.5 Agreement to honor Agency checks even if the checking account has an insufficient balance, with the understanding that CHA will transfer sufficient funds on the same day as notified of the shortage.
3.1.6 Designation of an account manager, who will be a single source point of contact for problem resolution.
3.1.7 Provide Investing Strategies and maintain investment portfolio that meet HUD guidelines as prescribed. At a minimum, provide monthly reporting of each investment and each new transaction (i.e., investment register) and provide quarterly reporting of the Fair Market Value of each investment.
3.1.8 Furnish research items within 24 hours.
3.1.9 No returned check charges on any accounts.
3.1.10 Complimentary services for all wire transfers and cashier’s checks.
3.1.11 Stop payments at no charge.
3.1.12 Banking institution must meet all federal requirements for collateralization.
3.1.13 Provide current interest rates, service charges and required reserves for each proposed account.
3.1.14 Positive pay for checks & ACH (required).
3.1.15 Remote deposit capture (required). Must be compatible with Digital Check TS-240.
- For more information describe in document.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: September 21,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$