Financial Institution - Banking

2026-11-03

A . All College accounts will earn interest ( interest bearing ). B . The Depository shall process stop - payment requests ( estimated at 45 per year ). C . The Depository shall provide eight bank bags and two locking bags for the College . D . Provide monthly bank statements with cancelled checks . Checks shall be sorted in numerical order . Statement ending date shall be the last day of each month . The bank statements will be available no later than the first working day of the following month . E . Process wire transfers ( approximately 10 per year ) for the College . F . Provide standard business carbonless deposit slips as follows : Accounts Slips Per Year General 800 Millage 50 G . Provide limited overdraft protection . The College intends to maintain balances sufficient to cover all draws against its accounts ; however , the Depository is requested to provide limited overdraft protection should an error occur . H . Provide research services up to thirty transactions per year . I . Provide non - sufficient fund check coverage . J . SouthArk shall be provided with the capability to generate on - line ACH electronic debits from its campus . K . The Depository shall provide a contact employee for assistance that the College may need . L . The Depository shall provide electronic ( on - line ) transfers among any of the College accounts without an additional charge . The College will provide checks for its General and Payroll accounts .

Arkansas

2026-03-27