---
title: "Money Transmission Services - Lot 1"
ocid: "ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "H M REVENUE & CUSTOMS"
published: "2025-08-12"
---

# Money Transmission Services - Lot 1

Buyer: H M REVENUE & CUSTOMS  
Current stage: Award  
OCID: ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e

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## Summary

The procurement process for the contract titled "Money Transmission Services - Lot 1" has been completed by His Majesty's Revenue and Customs (HMRC), which serves as the UK's tax, payments, and customs authority. The contract falls under the industry category of banking services and is situated in the United Kingdom. This procurement was carried out using a selective method under a restricted procedure above the threshold. The process has reached the award stage, with the contract being awarded to Lloyds Bank PLC on 25th July 2025. The contract, valued at £99,600,000, will commence on 28th July 2025 and is set for an initial term of eight years with the possibility of extending it up to an additional four years.

This tender offers substantial opportunities for business growth, especially for large-scale enterprises that specialise in banking services, financial consultancy, financial transaction processing, and foreign exchange services. Though not suitable for SMEs or VCSEs, the contract provides a significant long-term engagement for businesses capable of supporting over 600 organisations within the government and the wider public sector. Companies equipped with the capacity to manage complex and large-scale financial services for governmental departments and agencies would be well-positioned to compete in similar tenders in the future.

## Notice

His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations. To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks. This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector. This Lot 1 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/408faa56-4580-40d3-9224-0c2b5a14b6b4 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Aug 2025 |
| Submission deadline | 3 Sep 2024 |
| Future notice date | Not specified |
| Award date | 24 Jul 2025 |
| Contract period | 27 Jul 2025 - 27 Jul 2037 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £99,600,000 |
| Lots value | Not specified |
| Awards value | £99,600,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | H M REVENUE & CUSTOMS |
| Locality | LONDON |
| Post town | Southend-on-Sea |
| Postcode | SS99 1AA |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH3 Essex |
| ITL 3 | TLH31 Southend-on-Sea |
| Local authority | Southend-on-Sea |
| Electoral ward | Victoria |
| Westminster constituency | Southend East and Rochford |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LLOYDS BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services
- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 66180000 - Foreign exchange services

## Release History

- 12 Aug 2025 at 09:03 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/408faa56-4580-40d3-9224-0c2b5a14b6b4

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/408faa56-4580-40d3-9224-0c2b5a14b6b4
  12th August 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/9c50a16f-1060-4169-82ef-d970fe3c421d

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-05c21b3e-636a-45fc-b496-d77b32f93d4e.json.