Banking Services Sample Proposal

Banking Services for the City of Gold Prairie

Centre Plains Bank is pleased to present this proposal in response to your RFP for banking services for the city of Gold Prairie. As you know, we have been a well respected institution in Gold Prairie for more than 20 years, and we believe you’ll be pleased with our services. We look forward to meeting with you soon to begin our new partnership. Centre Plains Bank looks forward to providing you with all of your banking needs.

Based on our initial interview we have outlined the core services and issues that need to be covered. We will meet next week to discuss the details and get you started with a comprehensive banking services plan that will meet all of your needs. Centre Plains Bank will provide the following account services to the town of Gold Prairie, Kansas. Online Account Access and Online Payment Services We offer 24 hour, 7 day per week online account access, with the ability to assign payments to vendors and set payment transfer dates.

Bank Counter and ATM Deposit Services Deposits can be made during regular business hours at our bank counter and at any time through the ATM. Check Imaging All checks will automatically be imaged and kept on file for seven years. Bank Counter and Online Wire Transfers Wire transfers can be initiated at the bank counter during regular business hours, or online at any time. Direct Deposit Services Direct deposit can be set up for all regularly deposited monies.

Rapid Account Reconciliation Deposits will be credited immediately to the account, with verification within 24 hours of every deposit. Stop Payments Stop payments may be requested at the bank counter or online for one or more checks. Vault Services Cash may be deposited in our vault during regular bank business hours.

The bank will provide bags for cash. All amounts deposited before 2pm will be credited in the ledger on the same day; deposits made between 2pm and 5pm may be delayed until 12 noon on the next day. Reporting Services Centre Plains Bank offers monthly, quarterly, and annual reporting services. See the Reporting page for more information.

Lockbox Services The bank will reserve two large lockboxes for the town’s use. Access to lockboxes will be provided during regular banking hours, and individual desiring access must have lockbox key and valid ID matching a name on an approved list provided by the city. Investment Services. The bank offers various investments. See the Investment Services page for more information.

Detailed descriptions of all services and full text of all contracts are available on our website. Centre Plains Bank is proud to offer the following investment opportunities to the city of Gold Prairie, Kansas. Certificates of Deposit. The bank offers a variety of FDIC insured CDs. These vary in length of investment required and interest rates.

Please see our website for our current offerings. Money Market Funds. We offer a money market fund to our clients, with a fluctuating yield. Our money market fund is insured up to $250,000 by the FDIC. Please see our website for the current yield.

Savings. We offer savings accounts to our clients, with a fluctuating yield. Our savings accounts are insured up to $250,000 by the FDIC. Please see our website for the current yield.

Mutual Funds. We offer a variety of respected mutual funds to our clients. Note that mutual funds are not insured and mutual fund investments may decline in value. Please see our website for the current offerings. Our investment experts are always on hand to help officials determine which investments are right for the city.

In the event of a disaster, we are well positioned to recover quickly. You are protected in the following unlikely events. Damage to Bank Facilities. In the unlikely event that our facilities are damaged or rendered useless by a natural or man made disaster, we can quickly recover all data and operate from a new location.

All bank records are backed up on an hourly basis, with backup tapes stored in a secure offsite location. Bank Robbery. All checking, savings, CDs, and money market funds are insured up to $250,000 by the FDIC and will be replaced as soon as possible by that federal agency. Financial Crisis. All checking, savings, CDs, and money market funds are insured up to $250,000 by the FDIC and will be replaced as soon as possible by that federal agency.

Your funds are safe with us. In addition to automated daily balance reporting, Centre Plains Bank offers the following reporting services. Monthly Account. Statements Account statements for the previous month will be available online on the second business day of each month, and printed statements will be mailed on the fifth business day of each month.

Check images will be available online or by request at the counter. Quarterly Reporting. We offer quarterly reporting for state and federal tax purposes. Annual Reporting. We offer annual reporting for state and federal tax purposes.

Selected special reports can be generated on request from our system. Please see our website for more information. Centre Plains Bank will receive compensation for its banking services to Gold Prairie township in the following ways. Required Checking Account Balance Minimum of $25,000 If balance dips below this minimum, a 1% monthly fee will be assessed for the account.

$30 Outgoing Wire Transfer Fee A $30 thirty dollar fee will be charged for each outgoing wire transfer. 1.5% Foreign Currency Conversion Fee 1.5% of the total currency converted will be assessed per transaction. $20 Stop Payment Fee A $20 stop payment fee will be assessed for each transaction. Up to five checks may be stopped at the same time for the same fee.

Credit Card Fees A 1% fee is charged by the credit card company for withdrawing cash with a credit card, and annual fees currently 9% are charged on amounts owed. These fees are assessed by the credit card company, not by the bank, but the bank receives compensation from the credit card company for use of the cards. Returned Check Fee Any checks returned for insufficient funds will incur a $25 fee. We believe you’ll find all our fees to be quite reasonable.