FINANCIAL_SERVICESAPPROVED

City of South Daytona Awards Financial Services Contract to Fifth Third Bank National Association (April 2026)

The City of South Daytona entered into a Commercial Card Service Agreement with Fifth Third Bank, National Association to provide a purchasing card and related treasury management services, replacing its Bank of America program. The contract establishes an ongoing commercial credit card account with defined fees, controls, and optional ePay virtual card capabilities, with a $250 annual program fee waived if annual spend exceeds $350,000 and finance charges of 19.8% on certain balances. The agreement is effective upon execution in February 2026 and continues until either party terminates with 30 days’ notice.

Status
APPROVED
Document date
April 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Fifth Third Bank National Association
Agency
City of South Daytona · FL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Various fees per attached fee schedule, including $250 annual program fee (waived if >$350,000 annual spend), $25 per emergency replacement card, $0.10 per transaction for online reporting, 19.8% finance charge on certain balances, and other listed charges
Contract type
FINANCIAL_SERVICES
Contract term
Effective upon bank execution on 2/11/2026; continues until terminated by either party with 30 days’ written notice
Renewal
Agreement runs on a continuing basis starting from bank execution on 2026-02-11 and may be terminated by either party upon 30 days’ written notice; no fixed end date or automatic renewal cycle is specified.
Document type
Agreement
Source document
City of South Daytona Fifth Third Bank Commercial Card Service Agreement April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of South Daytona?

Fifth Third Bank National Association was awarded this financial services contract by City of South Daytona, as recorded on April 6, 2026. The contract value is Various fees per attached fee schedule, including $250 annual program fee (waived if >$350,000 annual spend), $25 per emergency replacement card, $0.10 per transaction for online reporting, 19.8% finance charge on certain balances, and other listed charges.

How much is the Fifth Third Bank National Association contract with City of South Daytona worth?

The Fifth Third Bank National Association contract with City of South Daytona is valued at Various fees per attached fee schedule, including $250 annual program fee (waived if >$350,000 annual spend), $25 per emergency replacement card, $0.10 per transaction for online reporting, 19.8% finance charge on certain balances, and other listed charges, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in City of South Daytona Fifth Third Bank Commercial Card Service Agreement April 2026 (Agreement), dated April 6, 2026 from City of South Daytona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fifth Third Bank National Association hold?

Fifth Third Bank National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Fifth Third Bank National Association's profile

What is City of South Daytona currently buying?

Explore City of South Daytona's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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