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BANKING-1704 - Canada (Nova Scotia) - Banking Services - Deadline October 30,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BANKING-1704

Government authority located in Nova Scotia; Canada based organization looking for expert vendor for banking services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

Vendor needs to provide banking services for other financial services and products that support the Municipality in providing service to its citizens to the government authority located in Nova Scotia.
- The following specific banking services are required:
1) Current Accounts: - Most deposits and disbursements, including payroll and debenture payments,
will be credited/debited to the Current Account(s). Revenue will be received by deposit, debit card, bank transfer, PC or telephone banking, wire transfers and pre-authorized payment and expenditures will be paid out by cheques, bank drafts, Electronic Funds Transfer (EFT), Payment Distribution Service (PDS) and wire transfers. 2) Disbursements: -
(i) Payroll: - All of MODL’s payroll payments are made through direct deposit. For direct deposit amounts the Municipality will transfer the information directly to the proponent’s data centre with the payroll debited to the General Account.
(ii) Payment Distribution Services (PDS): - MODL, at some point in the future, may make payments
electronically to its suppliers. This may include Electronic Data Interchange (EDI) and email notification to suppliers as well as an interface to Town Suite financial software. Proponents must outline their capabilities in detail in this area.
(iii) Foreign Exchange Consultation and Processing: - MODL purchases foreign currency for purchases primarily from the United States. In a one-year period, approximately five (5) cheques denominated in US funds were issued. The proponent must outline the services that it will provide in this area including consultation, advice and facilitation of transactions.
(iv) Wire Transfer: - MODL may at times use wire transfers. These may include wire transfer initiated by electronic means as well as manually via a letter of direction. Proponents must provide details on the availability and pricing of these services.
(v) Stop Payments: - MODL has occasion to place stop-payments on cheques issued. Proponents must outline the stop-payment process and indicate the turn-around time upon receipt of a verbal or written request.
3) Cheque Reconciliation and Bank Statements: - MODL requires that bank statements are received for all bank accounts.
4) Supplies: - Proponents must indicate the process for obtaining banking supplies, including but not limited to deposit slips, deposit envelopes, deposit bags, cheques, seals, coin rolling paper, tapes for credit/debit machines, etc. Also, proponents must indicate any lead time required, as well as costs.
5) Night Deposit Services: - MODL operations will require night deposit services. Currently, deposits are picked up after hours and deposited through a contracted service. Proponents must detail the procedures surrounding the establishment of night deposit facilities, the costs for this service and the cut-off times for same day credit of deposits.
- For more information you can download documents.

[C] Eligibility:

- Onshore (Canada Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Wednesday, 30 October, 2019

Category : Banking Services

Country : Canada

State : Nova Scotia

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