Bank Depository

The City of Denton is seeking proposals from eligible Respondents to be the bank depository for public funds of the City. The selected bank will provide comprehensive services, including lockbox services, electronic lockbox services, and remote deposit capture. The bank will also be required to provide a detailed explanation of its policy and methodology used in setting interest rates paid on commercial accounts. The City requires a fully hosted online banking system and a dedicated on-site contact person for research and issue resolution. Some key requirements for the bank include: * Obtaining a post office box for utility payments and EMS ambulance payments * Processing payments within 24 hours * Providing daily and monthly reports indicating the number of pieces received and the total revenue deposited to the City's utility account * Transmitting data and images electronically through the billboard or other application on a daily basis * Designating a dedicated on-site contact person for research and issue resolution * Providing same-day online viewing of all check images * Having the capabilities to return payment envelopes and provide daily e-mail reports and detailed online viewing of deposit adjustments and returned checks.