J.P. MORGAN CHASE BANK-2016 - Laserfiche WebLink

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• The bank can set up as- needed change orders 24 hours a day, seven days a week and up to six months in advance of the requested delivery date. Orders placed prior to i:oo p.m. local time will be available for armored courier pick up by the end of the business day in the vaults or ready for pick up the following morning at the specified branch. • A standing order is an established, repetitive order prepared for a predetermined amount and delivered on predetermined delivery days, e.g., every Monday and Thursday. Amounts may vary by delivery day. Orders can be delivered daily Sunday through Saturday, subject to armored courier service restrictions. • The City can use one or a combination of these types of orders. J.P. Morgan only releases change orders to an approved armored courier if they are picked up at one of the bank's vaults. The City must contract with a local armored courier to act as an agent to transport change orders. The City needs to notify J.P. Morgan of the specific armored courier for each location. Change - order delivery is based on armored courier commitments. It is typically scheduled for the following day or within two or three days from when the change order was picked up at the vault. Security begins when J.P. Morgan issues two unique, confidential system access numbers for each location to your organization. The City is responsible to keep access numbers in a secure place and reveal them only to authorized associates within the City. The City can change existing access numbers by contacting your client service professional. The bank also establishes daily order limits both at relationship and location levels based on the City's credit risk rating. Finally, J.P. Morgan's blind- order - filling procedures provide timeliness and accuracy in a highly controlled environment. The bank debits the total amount of the City's change order processed through the automated system from the account on the day the order is provided to the armored courier or the day before the scheduled branch pick up. J.P. Morgan bills all fees related to the change order through the account analysis system. I0, Can a miscellaneous change order for $1,000 or less be made available to City departments without advance notice? Is this service available at all local branches? A branch can immediately fill change order requests of $too or less. If the City places change order requests greater than $too on the prior day, they will be available at the start of the next business day. Note that the total order amount cannot exceed $5,000. Branches are typically able to fulfill emergency cash orders up to $5,000. Requests for amounts that exceed $5,00o require at least 24 hours notice although all efforts will be made to accommodate client requests. Page 44 i s