Depository Services. Contractor shall provide traditional depository account (i.e., demand deposit account (DDA) or interest-bearing or non-interest-bearing deposit account) services for each State Agency account established pursuant to this Contract, including without limitation: processing payments, accepting deposits, providing stop payments, returned item notification, overdraft protection, and monthly statements, and make available, upon request, copies of cancelled checks to the applicable State Agency. Contractor shall provide statements, check payments, and deposit reconciliation and similar services in accordance with standards established by the Comptroller of the Currency, Federal Reserve System, and when appropriate, the Maryland State Treasurer.
Appears in 2 contracts
Sources: Agency Depository Contract, Agency Depository Contract