Vendor needs to provide banking services to the government authority located in Mississippi.– Any financial institution not meeting the prescribed ration requirement whose accounts are insured by any successors to that insurance corporation, may receive GRC funds in an amount not exceeding the amount that is insured by that insurance corporation and may qualify as a depository to the extent of that insurance.– The agency requires a monthly statement and the availability of wire transfers and daily information on collected, available and closing balances.– They require no bank fees and no charge on returned checks and deposits.– The bank must have positive pay for a limited number of accounts.– Online access to daily banking activity for these accounts must be provided.
↧