Eligibility and term: Main or branch office within Round Rock; services beginning June 1, 2027, for an initial three-year term with two optional one-year extensions.
Banking services: Online banking with reporting compatible with Tyler Munis, ACH payroll and vendor payments, utility collections, wire transfers, controlled disbursements, and full account reconciliation.
Collections: Remit Plus .x937 remote deposits, electronic lockbox with daily remittance files, 7–10 branch change orders monthly, and cash vault processing for 180–200 deposits totaling approximately $375,000 monthly.
Fraud protection: Check positive pay with payee validation, ACH debit filters, and check blocks on designated accounts.
Balances and security: Average balances historically below $15 million, with peaks exceeding $25 million; daily collateral monitoring and coverage above insured limits, including 102% coverage when using pledged securities.
Pricing: Itemized service and securities safekeeping fees, interest rates, earnings credit rates, and any transition charges; fees fixed throughout the term and extensions.
XL Eagle