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Approach / Methodology <br />TheCityreservestherighttoopenadditionalaccountsduringthecontractperiod.Proposers must <br />indicate documents required to open a new account. <br /> <br />In the event the City wishes to open additional accounts, your Relationship Management <br />Team will work closely with you to ensure a smooth and seamless process as well as <br />delivering our promise of legendary customer service. <br /> <br />C. Availability of Funds <br /> <br />The Awarded Bank agrees to credit the City’s Operating Account for Incoming EFT’s the same <br />day regardless of the time of receipt during the day. <br /> <br />The City will receive immediate availability on electronic deposits and wire transfers <br />on the business day we receive the deposit. <br /> <br />D. Deposit Processing and Remote Deposit Capture <br /> <br />1. The bank will provide the ability to deposit checks using remote deposit capture. A <br />check scanner and appropriate software will be provided to the City to digitally <br />capture the check images for deposit. The deposit will be balanced, and an electronic <br />deposit slip created. The file would then be transmitted to the bank through a secure <br />website for posting to the City’s operating account. Proposer shall describe its remote <br />deposit capture services to include related costs to the City. <br /> <br />TD Bank has the privilege of being the incumbent service provider for the City. <br />This represents business as usual to the City without any disruption to your <br />daily banking needs. Below is an overview of TD Digital Express. <br /> <br />TD Digital Express <br />TD Bank offers the ability to process checks by Remote Deposit Capture (RDC) <br />using our TD Digital Express solution. With TD Digital Express, you have the <br />flexibility to scan your checks and transmit your deposits from the convenience <br />of your office and beyond traditional banking hours. Some of the features of <br />TD Digital Express include: <br /> History retention of 45 days <br /> TD eTreasury offers 365 days of Images <br /> Optional seven-year image archive through TD eTreasury <br /> Export capability of standard reports in CSV and PDF formats <br /> Unlimited number of accounts per entity <br /> Virtual endorsement on checks <br /> System availability 24-hours a day, seven days a week <br /> Same-day credit on deposits received up until 9:00 p.m. ET with next <br />day availability. <br /> Multiple scanners to choose from based on volume <br /> <br /> <br />Proposed by: TD Bank, N.A.Page 26 <br /> <br />