---
title: "Banking Services"
ocid: "ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "LONDON BOROUGH OF BARNET"
published: "2021-10-15"
---

# Banking Services

Buyer: LONDON BOROUGH OF BARNET  
Current stage: Tender  
OCID: ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf.json)

## Summary

The London Borough of Barnet is seeking a provider for comprehensive banking services through an open tender process, titled "Banking Services." This procurement is classified under the banking services industry, with a delivery location in London, England. The tender was published on 15 October 2021 and the submission deadline is set for 15 November 2021, with an expected contract period commencing on 1 April 2022 and concluding on 31 March 2027, including a possible two-year extension.

This tender presents valuable opportunities for banks and financial service providers, particularly those focusing on local authority needs. The contract involves managing multiple bank accounts and may interest larger financial institutions that can offer diverse banking solutions, including internet banking services and credit facilities. Companies ready to partner with local authorities and fulfil the specific requirements of the tender could position themselves for significant growth in this sector.

## Notice

London Borough of Barnet requires a comprehensive money transmission banking service involving maintenance of numerous bank accounts(including accounts for schools), handling of paper, BACS/Faster Payment and CHAPS clearing, cash processing and other activities associated with local authority banking business. Credit facilities (i.e. overdraft facility, BACS limits, settlement risk limits) will also be required. The Council will require an internet banking service for balance/transaction reporting and payment initiation.The Council require a five year contract with extension option of 2 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/db82a31f-bc1a-472c-86fc-f5fbac5bdbf6 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Oct 2021 |
| Submission deadline | 15 Nov 2021 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Mar 2022 - 31 Mar 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF BARNET |
| Locality | COLINDALE LONDON |
| Post town | North West London |
| Postcode | NW9 4EW |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI7 Outer London - West and North West |
| ITL 3 | TLI71 Barnet |
| Local authority | Barnet |
| Electoral ward | Colindale North |
| Westminster constituency | Hendon |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 15 Oct 2021 at 16:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/db82a31f-bc1a-472c-86fc-f5fbac5bdbf6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/db82a31f-bc1a-472c-86fc-f5fbac5bdbf6
  15th October 2021 - Opportunity notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=OCT162933
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## Notice URLs

- http://www.barnetsourcing.co.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-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf.json.