Town of Milton Report ES-019-26 Purchasing Various April 2026
Town extends Scotiabank banking contract for five years
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Description
Milton approved a five-year extension of its banking services contract with Scotiabank starting October 1, 2026. The agreement continues waived service fees and offers an improved interest rate to support the Town’s new financial management system.
Contract Details
Vendor
SCOTIABANK
Agency
Town of Milton, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
5-year period beginning October 1, 2026
Renewal Date
2031-10-01
Renewal Info
Original five-year term to October 2021 plus a five-year renewal to October 2026; this is a further five-year extension to October 1, 2031 under improved interest terms.
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