(1) Vendor needs to provide banking services to the government authority located in Mountain Home, AR.– Currently has an operating checking account, which is interest–bearing– The account has its own unique attributes, such as withdrawal/transaction limits, specific interest rates– The bank must maintain proper deposit insurance and follow all rules, regulations, and laws of the State and Federal governments in regard to deposit collateralization of public school funds.– Full service on all accounts– Check forms and deposit slips on all accounts– Month–end statements on all accounts– Investment counsel, prompt execution of district investment orders, and safekeeping service– Processing and administration of electronic direct deposit payrolls and related payments.– Safe deposit box.– Stop payment services.– Maintenance of Treasury services.– Immediate check credit or clearance.
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