Depository Banking Services (Request for Proposals )

Description: Depository banking services for its NJCLASS loan program. The required depository banking services include electronic banking services, which encompass batch processing of a daily file of one-day ACH debits from borrowers generated through HESAA's web-based on-line payment application; batch processing of two weekly files of two-day ACH debits generated through a recurring debit process; electronic lockbox (e-box) paperless processing of customer initiated on-line banking payments; daily wholesale lockbox processing with associated data entry and daily deposit of funds received at HESAA offices, utilizing both remote deposit capture and branch banking; and daily deposits by contracted attorneys. HESAA currently uses 3 accounts with two separate lockboxes and e-boxes, it is expected that the same will be required for this project.