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21 <br /> <br />Amerant Bank – RFP #24-06-01 <br /> <br />10. The Proposer will furnish the City an Availability of Funds Schedule for the clearing of deposits. <br />The schedule shall contain the latest time of the day for deposits to incur the least number of days <br />for clearing each of the following deposit items: Please provide the availability of funds schedule <br />for clearing of deposits. <br />Checks drawn on: <br />A. The Selected Bank (on-us items) <br />B. Local (Palm Beach County) Checks <br />C. State ChecksRFP 24-06-01 BANKING SERVICES 35 <br />D. U.S. Governmental Checks <br />E. Interstate Checks <br />• No Holds on any of these deposits, checks will clear next business day <br />F. Do you provide for fractional availability? If YES, provide explanation <br />• No Amerant does not provide fractional availability <br />G. Credit card deposits. <br />• Credit card deposits have no holds <br /> <br />11. Electronic Funds Transfer: Describe the services you provide for the payment to vendors <br />through the Automated Clearinghouse by means of electronic funds transfer. (If additional space is <br />required, please include as an appendix to your proposal.) Include a description of the services you <br />are able to provide in implementing an ACH program. <br />• Amerant will include our Electronic Funds Transfer Agreement, answer to this question can <br />be found in the Agreement <br /> <br />12. Direct Payroll Deposit: <br />Provide details of how your bank administers Direct Payroll Deposit Programs. <br />Is there a limitation as to participating financial institutions? <br />In what form and timeframe would you need the information regarding the City's employees and <br />their respective account numbers, payroll amounts, and identification numbers? <br />Provide details on how voiding and reversal of individual direct deposit ACH items are handled. <br />Indicate If it is possible to reverse or cancel an ACH file, and the appropriate procedures and rules <br />applicable. <br />• The City would have ACH Origination on TreasuryConnect to originate credit and debit <br />transactions. ACH can be done by creating templates online or via file upload through the <br />portal. ACH Return Notifications are emailed to the appropriate individuals. <br /> <br />13. Lockbox Service: Provide detail process of lockbox service. <br />• The bank will provide wholesale and retail lockbox services, online image access, and <br />transmission capabilities. <br /> <br />14. Other Innovations: Propose any new financial services, plans or practices deemed to be in the <br />best interest of the City not otherwise addressed in this proposal. Any fees for these services to be <br />included in the Fee Proposal section “Future Services”. <br />• As the relationship between Amerant and the City Of Sunny Isles Beach grows we will <br />recommend enhancements to the existing services to create efficiencies and automation <br /> <br />15. Business Operations- Banking Services Only