Banking and ATMs Services

The City of Somerville, Massachusetts is seeking a qualified, full-service banking institution with demonstrable experience in the municipal area to provide comprehensive banking and automated teller machine services. The agency requires a robust account structure that supports wire transfers, automated clearing house collections and disbursements, and an automated reconciliation plan. The selected institution must also handle the deposit of funds, account balance reporting, federal and state tax payments, and general banking services. The scope of work demands advanced digital capabilities, including imaging capability, online access, credit card payment processing, and online banking. The agency expects the performance of these services to occur offsite. The contract period will span three years, and the agency is currently looking for proposals to determine the budget. Eligible bidders must be onshore organizations based in the United States. Bidders must submit any questions regarding this opportunity no later than June 17, 2026. The agency allows digital submission of responses via email or online.