Banking Services

Overview

Financial, Legal, HR & Staffing

Drumbo, Ontario, CanadaPosted 20 days agoDeadline: May 14th, 2026

Fit Score

Settle Intelligence

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SUMMARY

RFP for a five-year contract to provide end-to-end banking services for a government authority in Blandford-Blenheim, Ontario.

KEY REQUIREMENTS

Must have a Bidding System Vendor account and be registered as a Plan Taker
Must be a Chartered Canadian Bank
Must have the ability to facilitate short-term borrowing in the amount of five million dollars
Must provide references from three municipal clients of similar size, scope and complexity
Must provide proof of Commercial General Liability insurance of $5 million
Must provide proof of Professional Liability/Errors and Omissions insurance of $2 million
Must comply with the Accessibility for Ontarians with Disabilities Act, 2005 (AODA)
Must be able to provide state-of-the-art banking services compatible with the Township's financial systems
Must be able to accept third-party (Moneris) debit/credit card transactions directly deposited into the Township's account

CONTRACT DURATION

60 months

TIMELINE

Issue Date of RFP: April 17th, 2026

Deadline for Questions: May 7th, 2026

Deadline for Issuing Addenda: May 12th, 2026

Submission Deadline: May 14th, 2026

Bid Opening: May 14th, 2026

Anticipated Execution of Agreement: June 4th, 2026

Expected Work Commencement: June 15th, 2026

Tentative Transfer of Accounts: October 15th, 2026

QUESTION DEADLINE

May 7th, 2026

Issuing Agency

Township Of Blandford-Blenheim

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in Blandford-Blenheim, Ontario seeks a provider for comprehensive banking services. The vendor should offer state-of-the-art solutions to eliminate manual processes, improve cash handling efficiency, and reduce duplication of efforts. Services must include developing a transition plan for shifting banking activities, supporting accounts payable, accounts receivable, property taxation, cash receipts, and bank reconciliation modules. Payroll is handled via direct deposit from the general account to employees’ bank accounts, while deposits, disbursements, electronic banking, debit, and credit card payment services must also be provided.

The selected vendor will enter into a five-year contract, supporting the municipality’s financial operations and modernization initiatives. All queries concerning the RFP must be submitted by May 7, 2026.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.