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PROPOSAL FOR BANKING SERVICE <br />Tab 5: Compensation and Service Charges <br />BANK °EWEST <br />1. Daily Deposits — 200 items (20 deposits with 10 items each). <br />Approximately 2500 checks are deposited annually. Deposits are made on a daily <br />basis except holidays and weekends. Each deposit consists primarily of checks. <br />A "proposed analysis statement" is inserted at the end of this tab for your review. <br />Please note these numbers are based upon information provided in this RFP in addition <br />to numbers provided to us by Denelle for the utility payments through Opus 21 (Lockbox <br />and ACH items). Should any of the implementation require programming costs <br />(example image clearing service) we will discuss this in further detail. <br />2. Checks — 250 items — approximately 3000 checks written annually payable to <br />various vendors. <br />Please see proposed analysis statement. <br />3. Wire Transfers: Outgoing — 5, Incoming 5 <br />Certain purchases/maturities of investments are wired to/from City's checking <br />account. <br />Pricing provided is assuming you are initiating the wires online. If you wish to initiate <br />wires at the branch, please let us know and we will update the proposal. It is more cost <br />effective for you to do it online. <br />4. Returned NSF check/ACH — Approximately 1-5 per month. <br />Varies upon quarterly utility billing cycle. Incoming ACH payments for utilities <br />average approximately 5 NSF transactions from resident accounts. Non -utility <br />checks average 1 per month. <br />Pricing included in proposed analysis statement. <br />5. Credit Card EFT's — Daily <br />The City contracts with RevTrak to process credit card transactions initiated on <br />the city's website, phone, and municipal center. Funds are deposited into the <br />city's checking account daily as an EFT. <br />Please see proposed analysis statement— these are considered ACH credits to your <br />account in the proposed analysis statement. We assumed 20 ACH credits for the <br />proposal. <br />6. ACH Fee's — Approx. 220 Items <br />Two payrolls with approximately 75 items each, one monthly payroll of <br />approximately 30 items each. Quarterly firefighter payroll of approximately 60 <br />items each. Approximately 2600 payroll payments issued annually. Includes all <br />full-time and regular part-time, seasonal workers (all bi-weekly); elected/appointed <br />24'Page <br />