SYNOVUS BANK - Laserfiche WebLink

Home Browse Search

(BAI), a National standard file format used by banks to transfer bank account data. This service allows Synovus to deliver financial information to customers automatically via FTP or the customers can export a BAI file through Synovus Gateway. The BAI format establishes a common file layout and allows the City the ability to import your file into your account management application. Synovus Web Image Access and manage your digital document and item images in an easy, convenient, and streamlined way. Receive a monthly file sent directly to the City’s Web Image online dashboard Each monthly file includes statements, notices (returns, deposit adjustments, stop payments), and transactional item images. Each monthly image file may be accessed for as many years as desired by your organizations’ retention policy. Statements may be downloaded for multiple accounts at once. Images of statements or items can be exported into a PDF or printed. Multiple account images and/or statements may be exported into a single file. Zoom in and out functionality for each file, and images may also be rotated or inverted as needed. Print capability for all files. Items may be located by account number, date range, serial number, amount, or type (debit or credit) Easily navigable full statement displays Simple account research and reconciliation Synovus Web Image eliminates physical storage requirements Improves data and document security Enhanced Imaging Synovus’ Enhanced Imaging Services (7-year archive) provides an electronic delivery service to receive images through Synovus Gateway the day after a transaction is posted, rather than waiting until the close of the business cycle. Sort and search images of paper items, including checks paid, deposit slips, items deposited and returned items, are available with enhanced image visibility. Images are available for up to 7 years. Imaged checks are available, online, the day following the date it posts to your account. Synovus has provided our reporting samples as “Exhibit H”. H.Bank Account Statements andReconciliation 1.Bank statements for all City accounts will be provided monthly at the end of each calendar month. Statements shall be delivered no later than seven (7) banking days aftertheendofeachcalendar month,preferablyinanelectronicformat.Statements will contain images of the front and back of the cleared checks, sorted by check number. All the information shown in the statement will be accessible through an internet-based treasury management system and be able to be downloaded into an Excel or csv format. In addition, the City requires that cancelled check images (front and back) be provided on CD-ROM in a searchableformat. 2.The City requires the bank to provide a full account reconciliation program for the Accounts July 12, 2024Page 26 City of Sunny Isles Beach RFP 24-06-01 Banking Services - Synovus Bank Submission