1. Will KSU be charged for any customization required (e.g., ERP interface, custom reports)? If so, list any charges for customization included in this RFP.
  2. Does the bank accept compensation in fees, balances or a combination of the two? If fees are accepted, is there a surcharge or a different price schedule for fee compensation? Describe.
  3. What fee payment options does the bank offer (e.g., direct debit, ACH, check)?
  4. Describe the method used to calculate the earnings credit rate (ECR).
  5. To what index is the ECR linked?
  6. Please provide the bank's ECR for similar customers of our size for the last 36 month period from April 2021 to March 2024?
  7. Please provide the percentage spread from the linked index for ECR offered to the University.
  8. Will the bank set a floor on the earnings credit rate offered to the University? If so, please provide the floor rate for ECR.
  9. Describe your short-term investment vehicle(s) or interest-bearing account(s) available for the overnight sweep of the University's demand deposit accounts.
  10. How are investment/sweep rates determined?
  11. Please provide investment return history for the last 36-month period from April 2020 to March 2023.
  12. Please describe how interest is applied. Is it the full amount paid from the fund?
  13. Describe the short-term investment fund management capabilities offered. Include the following information:
  14. Fund information such as name, minimum purchase unit and management/administration fees and conditions.
  15. Please describe how interest is applied.
  16. Historical performance for the 36-month period from April 2021 and March 2024.
  17. Does a reserve requirement apply on balances? If so, please describe how it is applied.
  18. Is there a fee or other assessment for FDIC Insurance? If so, what is the charge and how is it computed?
  19. Can the customer decide how the balances in its accounts will be grouped for purposes of compensation (e.g., assessed individually, by division, at the relationship level)?
  20. When calculating average balances, are positive and negative balances netted?
  21. How does the bank charge for overdrafts? What about daylight overdrafts? Does the bank charge for use of uncollected funds? If so, how is the charge calculated? Are these fees a direct charge or can they be offset by the earnings credit allowance?