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Banking Services

The City of Boston, Massachusetts (the “City”), acting by and through its Chief Financial Officer and Collector-Treasurer (the “Official”), is requesting the submission of proposals from qualified banking institutions having a physical presence in the Commonwealth of Massachusetts (“Offerors”) to submit proposals to provide banking services described in this Request for

Proposals (the “RFP”).

Offerors are requested to provide proposals on a fee-for-service basis, as well as on a compensating balance basis. Any banking services provided to the City on a compensating balance basis shall be rendered subject to an agreement executed in accordance with the requirements set forth in G.L. c. 44 53F.



The RFP shall be available on the City’s Supplier Portal at boston.gov/procurement or by emailing a request to john.houton@boston.gov beginning at 12:00 p.m., Eastern Daylight Time (EDT), on November 16, 2021.



The RFP shall be available up to the deadline for the submission of Responses at 4:00 p.m. EDT on December 21. Any contract executed pursuant to the RFP shall be for a period of three (3) years.

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Massachusetts General Law

Seal of Massachusetts
Chapter 30B
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