Institution eligibility: Full-service physical presence within Pflugerville municipal boundaries and/or ZIP codes 78660, 78664, and 78728
Term: Initial two-year service period from December 31, 2026 through December 31, 2028, with up to three one-year extensions
Account structure: Operating, utility, general fund, PID, and community development corporation accounts
Core services: Online banking, reporting/export capability, BAI files, wire transfers, ACH, EDI, remote deposit capture, returned item processing, statements, and account analysis
Fraud controls: Positive pay with payee validation, ACH positive pay/filter, post-no-checks controls, stale dating options, and dual custody administration
Collateral and safekeeping: Daily collateral monitoring, independent custodian reporting, securities safekeeping, DVP processing, and monthly collateral reports
Cash handling: Branch deposit service, night drop availability, approximately $95,000 average monthly cash deposits, with courier/armored car and smart safe options considered
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