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O-2010-3292 banking service agreement with Amegy Bank for (5) year term beginning November 1, 2010
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O-2010-3292 banking service agreement with Amegy Bank for (5) year term beginning November 1, 2010
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Last modified
11/2/2016 3:39:30 PM
Creation date
11/10/2010 3:09:01 PM
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Legislative Records
Legislative Type
Ordinance
Date
10/25/2010
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<br />CITY OF LA PORTE TEXAS <br />QUOTATION FORM <br />TO BE COMPLETED BY THE FINANCIAL INSTITUTION <br /> <br />ITEM (F) OVERDRAFT PROTECTION <br /> <br />Days of overdraft condition allowed three (3). <br />Interest rate per annum prime+5%. <br />Maximum amount allowed $500.000 <br /> <br />ITEM (H) POSITIVE PAY <br /> <br />Please state your current ability as it relates to services you would be able to provide the <br />City in the area of positive pay. <br /> <br />Amegy Bank offers Positive Pay Advantage with Payee Match. Simply send a check file <br />every time checks are issued; or manually enter issued checks into Positive Pay <br />Advantage. Amegy Bank then matches the issued file against checks presented for <br />payment. Before a decision to reject or pay the exception users can log in to the online <br />system to view front and back images of the checks presented. The system includes an <br />Administration Module. The module allows businesses to retain control and grant <br />permissions to users, manage accounts, reinstate passwords and audit activity. Lastly, <br />Amegy Bank reconciles all accounts utilizing Positive Pay and provides data about the <br />checks. <br /> <br />ITEM (I) ONLINE BANKING <br /> <br />Please state your current ability and future plans as it relates to services you would be able <br />to provide the City in the area of online banking. <br /> <br />26 <br />
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