Laserfiche WebLink
deposits to understand best use of services to include armored car services and other smart safe <br />solutions to enhance security and create efficiencies for the City. Synovus has existing relationships <br />with multiple vendors to assist the Cityin obtaining a contract for courier service. Armored courier <br />services are contracted between the Cityand the armored courier company. <br />Cash Processing Services- Commercial Cash Pickup and Deposit Processing: <br />Cash deposits are picked up by an armored car service. The cash pickups are regularly scheduled <br />at times agreed upon between the armored car service and the customer. <br />The armored car service transports the cash to a regional processing center for deposit into a <br />Synovus Bank account. <br />Cash only deposits receive next business day credit, for same day credit, the Citywould need to <br />work with armored courier to ensure delivery by 10 am cutoff. Bulk coin deposits receive credit <br />in 2 business days. <br />On-site smart safes can be utilized to minimize courier runs and expedite cash deposit <br />credit. Currency is fed into a bill accepter on the machine and deposits are electronically <br />transmitted to the bank. Funds in the safe are extracted and couriered to the bank on an agreed- <br />upon frequency, however credit is given even while the deposits reside in the safe. <br />Cash Processing Services - Commercial Change Order Services: <br />Coin and currency in any denomination and quantity are ordered conveniently by internet. <br />The armored car service delivers the coin and currency to the specified location securely and on <br />time. <br />July 12, 2024Page 49 <br />City of Sunny Isles Beach RFP 24-06-01 <br />Banking Services - Synovus Bank Submission <br /> <br />