---
title: "Banking Services"
ocid: "ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LONDON BOROUGH OF SOUTHWARK"
published: "2025-09-29"
---

# Banking Services

Buyer: LONDON BOROUGH OF SOUTHWARK  
Current stage: Award  
OCID: ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103)  
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## Summary

The London Borough of Southwark has completed the procurement of banking services, essential for supporting the council's financial operations, including the provision and management of bank accounts. This contract, worth £640,000, focuses on transactional banking and associated services under the classification of ‘Banking and investment services’ (CPV 66100000). Entered as a call-off from the General Banking Services Framework NEPO 0531, the services are to be provided throughout England by National Westminster Bank. This contract is in the Award stage, with the contract period running from 1st October 2025 to 30th September 2030. The procurement followed a specific method under the 'Other' category, with key dates including the award on 24th September 2025 and the subsequent publication of the award notice on 29th September 2025.

This tender opens significant avenues for business growth, particularly for large financial institutions experienced in public sector banking. The focus on comprehensive management of banking services including court of protection accounts and transactional banking highlights a need for extensive infrastructure and compliance capabilities. Businesses with a strong footprint in banking services provision, particularly those equipped to handle diverse banking needs on a large scale, would find this contract aligns well with their growth ambitions. Given the framework's exclusion of SMEs and VCSEs, large scale operators are particularly well-suited to such opportunities.

## Notice

This contract is for banking services which will support the financial operations of the council via the continued provision of a main bank account, subsidiary collection and sweep accounts, and specified school accounts. It will also support the council's safeguarding role with the provision of court of protection bank accounts. The contract will deliver core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, and the access to ancillary services such as system files for receipting income. It is a call-off from General Banking Services Framework NEPO 0531.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/6fb8455b-4510-4f0b-95b5-0395ccba9211 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Sep 2025 |
| Submission deadline | 24 Sep 2025 |
| Future notice date | Not specified |
| Award date | 23 Sep 2025 |
| Contract period | 30 Sep 2025 - 30 Sep 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £640,000 |
| Lots value | Not specified |
| Awards value | £640,000 |
| 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 | LONDON BOROUGH OF SOUTHWARK |
| Locality | LONDON |
| Post town | South East London |
| Postcode | SE1 2QH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI44 Lewisham and Southwark |
| Local authority | Southwark |
| Electoral ward | London Bridge & West Bermondsey |
| Westminster constituency | Bermondsey and Old Southwark |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NATIONAL WESTMINSTER BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 29 Sep 2025 at 09:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6fb8455b-4510-4f0b-95b5-0395ccba9211

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/6fb8455b-4510-4f0b-95b5-0395ccba9211
  29th September 2025 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.southwark.gov.uk

## 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-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103.json.