FINANCIAL_SERVICESAPPROVED

City of South Daytona Fifth Third Bank Commercial Card Service Agreement April 2026

City Executes Commercial Card Agreement With Fifth Third Bank

Fee-based schedule including $250 annual program fee, $1,500–$3,000 setup for file feeds, $18,000 one-time API fee, and per-transaction and penalty charges as listedCity of South DaytonaFIFTH THIRD BANK NATIONAL ASSOCIATIONApril 6, 2026

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Description

The City of South Daytona executed a Commercial Card Service Agreement with Fifth Third Bank, National Association to establish a commercial purchasing card program with defined fees, credit terms, and administrative tools, effective upon the bank’s execution on February 11, 2026. The agreement provides for online account management, virtual card payments, and optional integration services under a detailed fee schedule.

Contract Details

Contract Amount

Fee-based schedule including $250 annual program fee, $1,500–$3,000 setup for file feeds, $18,000 one-time API fee, and per-transaction and penalty charges as listed

Vendor

FIFTH THIRD BANK NATIONAL ASSOCIATION

Agency

City of South Daytona, FL

Contract Type

FINANCIAL_SERVICES

Document Date

April 6, 2026

Contract Term

Commences upon Bank execution (signed 2/11/2026) and continues until terminated by either party with 30 days’ written notice

Renewal Info

Agreement continues indefinitely subject to termination by either party on thirty days’ written notice; the annual program fee is waived if annual spend exceeds $350,000, and terms and fees may be revised by the Bank with 30 days’ notice unless required sooner by law.

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