ESBD_534725_1783434383808_SOL_EXH_F.5_DIRECTDEPOSIT.pdf

This is a Direct Deposit exhibit document related to the Recruit School Linen Services contract opportunity in Texas. The exhibit establishes the payment mechanism and banking requirements for vendors selected to provide linen services to school districts. The document outlines the mandatory use of electronic direct deposit for all payments, requiring vendors to provide banking information including account numbers, routing numbers, and authorized banking institutions. The exhibit specifies that all invoices and reimbursements must be processed through automated clearing house (ACH) transfers to designated vendor accounts, eliminating paper check payments. The document details the required banking documentation, verification procedures, and compliance standards vendors must meet to establish and maintain direct deposit arrangements with the procuring entity.

The direct deposit requirements apply to all awarded vendors and serve as a condition of contract performance and payment processing. Vendors must provide completed direct deposit authorization forms prior to contract award or within a specified timeframe following notification of selection. The exhibit includes provisions for updating banking information, managing account changes, and addressing rejected or failed deposit transactions. All vendors are required to maintain active, verified bank accounts in the United States and comply with banking regulations and ACH network rules. The direct deposit process ensures efficient fund transfer while reducing administrative burden and payment processing delays for both the school district and contracted linen service providers.