How To Price A Bank Account In The United States

Transcription

1 FIFTH THIRD BANK Broward College RFP MH RFP for Banking Services Pricing Response Prepared for: Prepared by: June 13, 2014 Jim Mitchell Dawn Choate Relationship Manager Treasury Management Officer Metro Pkwy. 999 Vanderbilt Beach Rd. Fort Myers, Florida Naples, Florida PAGE 1

2 EXHIBIT A RFP Banking Services PRICING PROPOSAL FORM General Services AFP Code Sample Monthly Transaction Volume Per Item Charge Monthly Charge DISB CCA CHECKS PAID , ELECTRONIC DEBITS TRANSACTIONS CHK DEPOSIT ITEMS REJECTED WAIVED CHK DEPOSIT ADJUSTMENT CHK EXCESSIVE DEPOSIT REJECTS WAIVED COMPOSITE GROUP WAIVED STOP PAYMENT CHK RETURNED ITEM OR CHARGEBACK DISB CHECK PAID MICR REJECT & RE WAIVED DISB CHECK PAID MICR REJECT & RE WAIVED RESEARCH PHOTOCOPY/TIME WAIVED PAPER ANALYSIS STATEMENT FEE WAIVED PAPER ANALYSIS STATEMENT FEE WAIVED CHK UNENCODED ITEMS DEPOSITED Z 20, CHK ENCODED ITEMS DEPOSITED Z 24, MONTHLY MAINTENANCE CHK PAPER CHECK ADMIN FEE , WAIVED WIRE INCOMING NON-STRUCTURED WIRE INCOMING STRUCTURED ACH CREDIT RECEIVED , ACH DEBIT RECEIVED ACH ADDENDA RECEIVED , DEPOSIT ADMINISTRATION FEE , WAIVED CCA OTHER DEBITS COMMERCIAL DEPOSITS , ZBA PARENT ACCOUNT

3 ZBA SUB-ACCOUNT ACH POSITIVE PAY FILTER WAIVED ACH POSITIVE PAY MO MAINT ACH POSITIVE PAY PAID ITEM WAIVED ACH POSITIVE PAY RETURN WAIVED ACH POSITIVE PAY BLOCK WAIVED ACH UNWORKED NOC ACH REVERSAL WAIVED ACH DELETION WAIVED ACH RETURNED TRANSACTION ACH NOTIFICATION OF CHANGE ACH DIRECT SEND MONTHLY MAINT ACH DIRECT SEND ORIGINATED CR , ACH DIRECT SEND ORIGINATED DR , ACH DIRECT SEND ORIG ADDENDA General Services AFP Code Sample Monthly Transaction Volume Per Item Charge Monthly Charge ACH DIRECT SEND FILE PROCESS ONLINE ACH MONTHLY FEE ACH CREDIT ORIGINATED ACH DEBIT ORIGINATED ACH ADDENDA ORIGINATED ACH FILE PROCESSED ACH RETURN/NOC RPT VIA WEB WAIVED BILLER DIRECT PREM RECEIVABLE TR , CANCELLED BILLER DIRECT PREM MONTHLY MAINT WAIVED BKG CNTR DEPOSITED CASH , BKG CNTR ORDER BKG CNTR ORDER COIN ROLL BKG CNTR ORDER NOTES STRAP A WAIVED BKG CNTR ORDER NOTES LOOSE BKG CNTR DEPOSIT COIN ROLLED 1,

4 BKG CNTR DEPOSIT NOTES STRAP WAIVED BKG CNTR DEPOSIT NOTES LOOSE , BKG CNTR DEPOSIT ADJUSTMENT CASH VLT NTWK MONTHLY BASE CHARG PAPER REPRESENTMENT WAIVED RETURNED ITEM SPECIAL INSTRUCTIO RETURNED ITEMS DATA CAPTURE RETURNED ITEMS DATA CAPTURE RETURNS MGMT MODULE WAIVED RETURNS MGMT MODULE WAIVED RETURNED ITEMS PER IMAGE WAIVED RETURNED ITEMS PER IMAGE WAIVED RETURNED ITEMS PER IMAGE WAIVED ECL: IMAGE CASH LETTER FILES ECL: IQA VERIFICATION ECL: ECL ITEM CLEAR - ONUS ECL: EXCESSIVE IQA IMAGE REJEC ECL: IMAGE TIER ECL: IMAGE TIER ECL: IMAGE TIER CHECK BLOCK MONTHLY BASE FEE WAIVED CHECK BLOCK RETURNS WAIVED ARP MONTHLY BASE CHARGE General Services AFP Code Sample Monthly Transaction Volume Per Item Charge Monthly Charge ARP CHECKS PAID , ARP CHECKS ISSUED , ARP DEPOSIT RECONCILIATION PER I , ARP PAID ITEM TRANSMISSION , WAIVED ARP PAID NO ISSUE ARP DATA ENTRY POSITIVE PAY MONTHLY BASE CHARGE

5 BANK MAINTAIN POS PAY EXCPTN EDM MONTHLY SERVICE FEE WAIVED EDM DEPOSIT WAIVED EDM DEPOSIT WAIVED EDM BEFORE 4:00 PM EST EDM BEFORE 4:00 PM EST EDM AFTER 4:00 PM EST , EDM ON-US CLEARING EDM SUBSTITUTE CHECK CLEARING EDM IMAGE EXCHANGE CLEARING , EDM MICR REJECT REPAIR DEPOSIT IMAGING PER ACCOUNT DEPOSIT IMAGING PER ITEM , CHECK IMAGING PER ACCOUNT CHECK IMAGING PER ITEM , ONLINE IMAGE RETRIEVAL BASE ONLINE RETRIEVAL PER IMAGE ONLINE AMP PRIOR DAY BASE ONLINE AMP PRIOR DAY ACCOUNT ONLINE AMP PRIOR DAY DETAIL , ONLINE AMP STOP PAYMENT ONLINE AMP INTRADAY BASE ONLINE AMP INTRADAY ACCOUNT ONLINE AMP INTRADAY DETAIL BILLER DIRECT PREMIUM MINIMUM ARP ISSUE CANCEL ARP ISSUES REJECTED General Services AFP Code Sample Monthly Transaction Volume Per Item Charge Monthly Charge MULTI SIGNER PER ITEM MULTI SIGNER BASE CHARGE WAIVED PAPER DEPOSIT STATEMENT WAIVED

6 PAPER DEPOSIT STATEMENT WAIVED BKG CNTR NIGHT DROP USAGE EDI PASS THROUGH RLBXCOURIERCHARGES WAIVED ONLINE REPORTS MODULE ONLINE AMP ACH BASE ONLINE AMP WIRE TRANSFER BASE RLBX ANNUAL PO BOX FEE 1 1, RLBX ITEMS PROCESSED , RLBX EXCEPTION ITEM RLBX EXCEPTIONS CHECK ONLY 9, RLBX EXCEPTIONS MULTIDOCUMENT 2, RLBX EXCEPTIONS CHECK&CORRES RLBX MONTHLY MAINTENANCE RLBX TRANSMISSION RLBX SPECIAL PAYMENTS WAIVED RLBX DAILY CD ROM RLBX PER IMAGE 5 021Q 50, WLBX DOCUMENT SCANNED 5 011R 5, WLBX CD ROM IMAGING WAIVED WLBX MAINTENANCE WLBX ITEM W/ COPY WLBX ITEM W/O COPY , WLBX CASH PAYMENT 5 013B WLBX SPECIAL PAYMENTS ONLINE AMP WIRE OUTBOUND DOMESTI ONLINE AMP WIRE OUTBOUND USD INT ADMIN WIRE OUTBOUND NREP Additional Services RLBX MICR CAPTURE RLBX PHOTOCOPY RLBX ITEM LOOKUP

7 RLBX PHONE/FAX RPRTNG RLBX ARC CONVERSION RLBX DATA CAPTURE RLBX WEB EXCEPTIONS 12, RLBX ON-LINE VIEWING 50, RLBX IMAGE TRANSMISSION RLBX LONG TERM STORAGE 50, WLBX IMAGE TRANSMISSION WLBX LONG TERM STORAGE 5, RLBX ELECTRONIC PER ITEM RLBX ELECTRONIC TABLE MAINTENANCE RLBX ELECTRONIC MONTHLY MAINT CASH VAULT BRINKS COIN DEPOSIT CASH VLT NTWK DEP COIN FED READY CASH VLT NTWK DEPOSIT CASH VLT NTWK DEPOSIT NOTES STD CASH VLT NTWK DEPOSIT NOTES NON-STD CASH VLT NTWK ORDER BOX CASH VLT NTWK ORDER ROLL CASH VLT NTWK ORDER BUNDLE CASH VLT NTWK ORDER CASH VLT NTWK ORDER STRAP CASH VLT NTWK DEPOSIT ADJUSTMENT CASH VLT NTWK DEPOSIT ENVELOPE CASH VLT NTWK ORDER RETURNED CASH VLT NTWK FULL CASHIERING CASH VLT NTWK ORDER EMERGENCY CASH VLT NTWK ORDER MANUAL CASH VLT NTWK ORDER STRAPS PARTIAL CASH VLT NTWK DEPOSIT COIN LOOSE CASH VLT NTWK DEPOSIT CURRENCY CASH VLT NTWK DEPOSIT BUNDLE CASH VLT NTWK DEPOSIT NON-FED BAG

8 CASH VLT NTWK CHECK IMAGING DTS - CASH VLT NTWK Total Analyzed Charges Total Waived Fees Total Monthly Analysis Fees Total Annual Lockbox Fee Additional Services Total Total of all Services including Additional Services General Services Per Item Charge Monthly Charge Monthy Basic Account Fee - Custodial Account Depository Eligible (DTC, FBE) - Custodial Account Principal & Interest Paydowns - Custodial Account Depository Eligible - Custodial Account Bank Internet Securities WorkStation - Custodial Account First 4 licenses (per month) - Custodial Account Each 5 additional licenses (per Month) - Custodial Account Voluntary Corporate Actions - Custodial Account Wire Transfers (In/Out) - Custodial Account Check Requests - Custodial Account Special Services - per hour fee - Custodial Account 7 75 Minimum Annual Fee- Custodial Account Total Custodial Fees Total

9 EXHIBIT A RFP Banking Services PRICING PROPOSAL FORM Sample Monthly PayCard Services AFP Code Per Item Charge Transaction Volume Employer Fees [Company fees are billed via Fifth Third XAA] PAY: New Card Fee 5.00 Monthly Charge PAY: Company Setup Cardholder Fees [Cardholder fees are charged directly to the cardholder] Card Replacement 5.00 Monthly Maintenance at Activation 2.50 Inactive Account Fee 2.50 ATM Transaction Fee 1.50 Over the Counter Cash Advance 5.00 Decline Fee 0.50 ATM Balance Inquiry 0.50 Express Delivery (New or Replaced Card) Currency Procesing Solution Pricing can be provided in the event the County is interested in the solution. The pricing is based on number of locations, armored pick ups and size of the safe. This would need to be determined prior to proving pricing.

10 Pricing Proposal Vantiv is pleased to submit the following Unbundled Pricing Proposal to Collier County. The prices quoted in this proposal will be fixed for the duration of the agreement. Please note that Interchange fees are based on net sales, while Dues & Assessments are based on gross sales. All other fees, including Dues & Assessments, Processing Fees, Communication Fees, and Debit Interchange Fees are billed on a monthly basis. All transaction and processing support fees are based on gross transactions. Increases in all third party costs, such as Interchange Fees, Dues & Assessments, and Communication costs, are passed on to the merchant. Notification of these increases is placed on your monthly billing statement for your records. Pricing Proposal for Collier County Processing fee of.08% + Interchange o Surcharges apply for cards not qualifying at the optimum rate o Annual Compliance and Regulatory Fee of $50 per Merchant ID o Annual Fee Per Merchant ID Waived o Pricing is based on overall volume of 5.7 Million for all locations currently with Vantiv, LLC o Processing fees can be reevaluated based on additional volume o Processing Term of 5 Years with (3) 1-Year Optional Extensions This document is a marketing document and contains a non-binding expression of interest for the provision of certain services. This document is not, and shall not be construed as, a legal offer, a binding contract or as having any binding or legal effect whatsoever notwithstanding any oral statements or written documents or materials which Vantiv or any of its affiliates or subsidiaries (individually and collectively referred to in this specific section as Vantiv ) may have heard, received, and/or acknowledged (e.g., with a signature), or made and/or provided, at any time in connection with this process (all such statements, documents and materials shall individually and collectively be referred to as Process Materials ). Vantiv, including but not limited to review and approval by Vantiv s legal counsel and all such agreements shall be memorialized in a written definitive agreement document (completely separate and independent from this document and any of the other Process Materials) executed by an authorized representative of both your organization and Vantiv. Vantiv is the responder to this RFP; however, to the extent required by Visa, MasterCard, and any other payment networks in which your organization participates, Fifth Third, an Ohio banking corporation ( Member Bank ) will be a party to any and all written definitive agreements between Vantiv and your organization.