Accounts: Support 16 accounts with automated daily ZBA sweeps, reconciliation, and investment sweep capabilities.
Transaction volumes: Approximately $1.1 million in monthly incoming transfers, $80,000 in monthly payables, and $240,000 in biweekly payroll for 180 employees, including approximately 175 ACH deposits totaling $220,000.
Core services: Same Day ACH, domestic wires, payee-name Positive Pay, ACH fraud filters and blocks, online stop payments, and debit and purchasing cards.
Deposits: Smart Safe deposits with same-day credit, remote deposit capture supporting two existing units, and locking deposit bags.
Online access: Daily balance and transaction reporting, user administration, statements, and check images retained for at least 12 months; monthly account analysis.
Collateral: 102% collateralization of uninsured, uninvested balances, with independent third-party custody and monthly reporting.
Term and pricing: Four years, anticipated November 23, 2026–November 22, 2030, with two optional one-year extensions. Please itemize unit charges, estimated monthly fees, setup costs, and compensating balance options.
XL Eagle