---
title: "Money Transmission Services - Lot 3"
ocid: "ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "H M REVENUE & CUSTOMS"
published: "2025-07-31"
---

# Money Transmission Services - Lot 3

Buyer: H M REVENUE & CUSTOMS  
Current stage: Award  
OCID: ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436)  
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## Summary

The public procurement process for "Money Transmission Services - Lot 3" has been completed by His Majesty's Revenue and Customs (HMRC), serving as the UK's tax, payments, and customs authority. The contract has been awarded to CITIBANK N.A. LONDON BRANCH for a period starting on 4th July 2025 and ending on 3rd July 2037, with potential extension options up to four additional years. This selective procurement was undertaken via a restricted procedure, involving competitive bidding above the threshold. The total contract value stands at £55,020,000, and it encompasses banking services, financial consultancy, transaction processing, and foreign exchange services across the United Kingdom.

This tender opens extensive opportunities for large-scale financial institutions capable of delivering comprehensive banking and consultancy services to government entities. While the procurement method was selective, the contract indicates a significant market presence for firms adept in large-scale financial operations and capable of integrating complex payment models. Businesses involved in financial services and banking that can support broad public sector entities would find similar opportunities lucrative and strategically aligned with growth plans. Although not suited for SMEs or VCSEs, such contracts typically foster partnerships and could lead to follow-on opportunities in related financial service areas.

## 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 3 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/0320988a-c9bf-48f3-803f-50d28723ef7a |
| 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 | 31 Jul 2025 |
| Submission deadline | 3 Sep 2024 |
| Future notice date | Not specified |
| Award date | 2 Jul 2025 |
| Contract period | 3 Jul 2025 - 3 Jul 2037 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £55,020,000 |
| Lots value | Not specified |
| Awards value | £55,020,000 |
| 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 | South West London |
| Postcode | SW1A 2BQ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CITIBANK N.A. LONDON BRANCH |

## 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

- 31 Jul 2025 at 08:15 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0320988a-c9bf-48f3-803f-50d28723ef7a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0320988a-c9bf-48f3-803f-50d28723ef7a
  31st July 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/931d94d5-7ec0-442a-b6cf-7ef3eb99fb01
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/fae41ad0-8278-4734-a363-678687ebb7d4
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/84901a8d-14b9-4562-96b1-70ec337631ce
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/40cf5100-57bf-446e-956d-800f1762cf97
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b2428e86-5334-4049-9fd1-7fa6da32d189

## 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-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-208c60f7-70de-4530-b76b-14a5ed710436.json.