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Agenda - Council - 11/13/2012
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Agenda - Council - 11/13/2012
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Last modified
3/18/2025 12:25:35 PM
Creation date
11/14/2012 1:55:59 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
11/13/2012
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PROPOSAL FOR BANKING SERVICE <br />F. Online Services <br />BANKFEWEST <br />The Bank's WebDirect Cash Management system offers a full suite of cash management <br />services to meet your specific needs. You can select from the following modules: <br />• Account Reconcilement — We offer full, partial and deposit reconcilement services <br />and you can upload check issues online as single items or in batches using a simple <br />Excel file <br />• Account Transfers — Make real time transfers between Bank of the West accounts <br />• ACH — Make individual electronic transactions online or import batches using a <br />standard ACH file format and process through the Automated Clearing House <br />• Bill Payment — Eliminate the burden of check writing and the uncertainty of mail <br />delays by creating payments online <br />• Customer Administration — Control access to accounts and functions. Monitor usage <br />with audit logs and operator reports <br />• Electronic Images — Retrieve images of paper items such as paid checks and <br />deposits <br />• Information Reporting — Retrieve balance, summary and detail of account activity by <br />8:00 a.m. CST. <br />■ Previous Day account balance with summary and detail information <br />■ Current Day account balance with summary and detail information <br />■ Information Reporting account subtotal report <br />• Positive Pay — Prevent fraud by monitoring account activity. Send us a file of the <br />checks issued each day and we will cross reference this against the checks being <br />presented for payment against your account. An image of any item(s) not matching <br />the information included in the file you sent us will be available for you to make a pay <br />no pay decision. <br />• Special Reports — Receive electronic versions of monthly bank statements, account <br />analysis and investment statements, as well as ACH, Account Reconcilement, Cash <br />Vault and EDI reports <br />• Stop Payments — Conveniently place a stop payment for a single check or range of <br />checks with real time confirmations. Also provides the capability to renew or delete a <br />stop <br />• Wire Transfers — Create one time or recurring payments to domestic or international <br />locations in US or foreign currency with real time confirmations <br />16IPage <br />
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