Fair Lawn Banking Services

2026-11-03

1 . Monthly statements of all bank accounts are due on or about the fifth business day of each month . Statement dates of all accounts are to be the last calendar day of the month . 2 . All monthly statements must include deposits and checks cleared in check number order . 3 . Monthly Statements available via hard copy by mail , or on - line if desired by the district . 4 . Interest on all accounts of the Board of Education , regardless of balance or activity , including but not limited to the following accounts : a . General Account b . Capital Reserve c . Net Payroll d . Payroll Agency e . Unemployment f . Cafeteria g . Student Activities h . Athletics i . Petty Cash j . Cash Management MMA 5 . Wiring services and ACH deposits and withdrawals . 6 . Monthly account analysis to include bank earnings credit , itemized fees , and interest earned to be credited to the district . Also , reconciliation of outstanding items General Account , Payroll Salary Account and any other account deemed necessary by the Board of Education . 7 . A bank office at which the district can transact business , in a location convenient to Fair Lawn BOE ’ s business office . 8 . Remote Deposit with required hardware / software provided at no charge to the Board of Education . 9 . Eligibility to act as depository for public funds under the Governmental Unit Deposit Protection Act ( GUDPA ). 10 . Cost of printing all checks / check stock , laser check chip encoding , toner , laser check chip encoding changes of signatures , depository stamps , deposit slips and deposit bags for courier pick - up at no charge to the Board of Education .

New Jersey

2026-04-29