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TfW Banking Services

Transport for Wales

This public procurement record has 3 releases in its history.

Award

26 Mar 2026 at 11:54

Award Notice
Tender

17 Jan 2025 at 16:14

Tender Notice
Planning

17 Dec 2024 at 15:30

Planning Notice
Summary of the contracting process

The procurement process for "TfW Banking Services" is led by Transport for Wales (TfW), aiming to secure a contract for banking services supporting its operations and subsidiaries. The contract was set to be awarded by 1st April 2025, with full implementation required by 31st March 2026. Located in the UK, particularly in the UK's Wales region, the procurement falls under the services industry category, specifically banking services (CPV code 66110000). The procurement has transitioned from the planning stage in December 2024 through to the award stage, with HSBC UK BANK PLC securing the contract, signed on 5th December 2025. The open procedure method was adopted, ensuring wide engagement from potential suppliers.

This tender presents substantial growth opportunities for businesses specialising in banking services. Significant components include money transition services, maintenance of bank accounts, and payment processing, both domestic and international, accompanied by internet banking functionalities. Large-scale banking institutions capable of delivering comprehensive public sector banking services, as well as innovative internet banking solutions, are particularly well-positioned to leverage this opportunity. The contract allows for flexible service volumes, providing adaptable engagement in line with TfW’s evolving service needs. Additionally, the potential for contract renewal enhances the long-term prospects for successful bidders.

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Notice Information

Notice Title

TfW Banking Services

Notice Description

We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026.

Lot Information

Lot 1

We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services - to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.

Options: The volumes of services may change during the life of the contract.

Renewal: Option to extend for up to two periods of 12 months each.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c8d7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027846-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1

Notice Dates

Publication Date
26 Mar 20265 months ago
Submission Deadline
17 Feb 2025Expired
Future Notice Date
1 Apr 2025Expired
Award Date
5 Dec 20258 months ago
Contract Period
Not specified - Not specified
Recurrence
Q1 2030

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Transport for Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PONTYPRIDD
Postcode
CF37 4TH
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
TLL Wales
Local Authority
Rhondda Cynon Taf
Electoral Ward
Pontypridd Town
Westminster Constituency
Pontypridd

Supplier Information

Number of Suppliers
1
Supplier Name

HSBC UK BANK PLC

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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