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Approach / Methodology 2.The Proposerwill specifythe requirementsfordepositing checksand currency along with its availability schedule for deposited items: cash, in-state checks, out-of-state checks, foreign checks, etc. The bank will allow deposits with an attached breakdown of individual checks rather than itemizing each check on the deposit slip. TD Bank maintains a unique availability policy. There are no complicated availability schedules and no special pricing tables. TD Bank will notify the City of any change in funds availability policies. We credit deposits as processed with next day availability. TD Bank gives immediate (same day) availability for cash and checks drawn on TD Bank when deposited at a store location before 8:00 p.m. ET. For all other checks deposited before 8:00 p.m. ET at a store location, the City will receive $100.00 credit the day of the deposit and the remainder of the deposit is generally available to you no later than the next business day. E. Foreign Check Deposits The City receives Canadian and other foreign checks for payment of building permits and other services. Canadian and foreign checks will be deposited in U.S. dollars on the day of deposit. A foreign exchange adjustment will not be permitted. Availability of foreign check deposits is as follows: Canadian Checks – Next day availability for all items under $5,000.00 to be converted at the prevailing spot rate if made before 8:00 p.m. ET at a store location. Regular deposit fee applies. Checks over $5,000.00 will be sent to the foreign check collection department with an estimated 6 – 8 week timeframe for funds availability. All Other Checks – Checks drawn on any other country will be sent to the foreign check collection department. For checks under $2,500 USD, the funds will generally be made available within 3 – 5 business day of the receipt by the check collection department. For items greater than $2,500 USD, checks will be sent to collections with an estimated 6 – 8 week timeframe for funds availability. A fee of $17.50 will apply for all items regardless of the amount. US Funds – Checks written in USD on any foreign bank except for Canada, the 6 – 8 week time frame for availability applies. A $17.50 fee will be applied by TD Bank for these items. Additional fees may be charged by the correspondent bank. TD Bank is unable to determine the amount of the fee charged by the correspondent bank. Proposed by: TD Bank, N.A.Page 27