Specifications include, but are not limited to: A. Agency Commercial Deposit Accounts 1. Depository services are oriented to the deposit of state funds and concentrates on the most rapid collection and credit of checks and other deposit items presented by the State. B. Agency Commercial Checking Accounts 1. Disbursement services include zero balance accounts and a controlled disbursement account. C. Lockbox Services 1. State Agencies may implement lockbox services for the receipt of items for deposit and processing. The lockbox service should offer quick deposit of checks, the transmission of original documents to the State, and image items and hold for a period of at least seven years from the date of transaction and provide image retrieval.
