Banking Services Sample Proposal
February 20xx Gwendolyn Beaulieu Treasurer City of Gold Prairie KS P.O. Box Gold Prairie KS Dear Ms. Beaulieu 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 well respected institution in Gold Prairie for more than years and we believe you’ll be pleased with our services.
We look forward to meeting with you soon to begin our new partnership. Sincerely Dale Pendery Sr. Vice President Centre Plains Bank 555 555 5555 ext. Dpendery@CentrePlainsBank.com www.CentrePlainsBank.com
Centre Plains Bank 1503 Main Street Gold Prairie KS 67200 PH 555 555 5555 FX 555 555 5556 www.CentrePlainsBank.com
Banking Services for the City of Gold Prairie Proposal Number. 3823 www.CentrePlainsBank.com Prepared for. Gwendolyn Beaulieu Treasurer Prepared by. Dale Pendery Sr. Vice President February 20xx 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 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 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 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 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 name on an approved list provided by the city. Investment Services The bank offers various investments. See the Investment Services page for more information. Notes 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 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 money market fund to our clients with fluctuating yield. Our money market fund is insured up to $250 by the FDIC. Please see our website for the current yield. Savings We offer savings accounts to our clients with fluctuating yield. Our savings accounts are insured up to $250 by the FDIC. Please see our website for the current yield. Mutual Funds We offer 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. Summary Our investment experts are always on hand to help officials determine which investments are right for the city. In the event of 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 natural or man made disaster we can quickly recover all data and operate from new location. All bank records are backed up on an hourly basis with backup tapes stored in secure offsite location. Bank Robbery All checking savings CDs and money market funds are insured up to $250 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 by the FDIC and will be replaced as soon as possible by that federal agency. Summary 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.
Notes 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 If balance dips below this minimum 1% monthly fee will be assessed for the account. $30 Outgoing Wire Transfer Fee $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 $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 1% fee is charged by the credit card company for withdrawing cash with 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 $25 fee. Summary We believe you’ll find all our fees to be quite reasonable.