---
title: "Banking Services Tender"
ocid: "ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE UNIVERSITY OF WESTMINSTER"
published: "2023-07-25"
---

# Banking Services Tender

Buyer: THE UNIVERSITY OF WESTMINSTER  
Current stage: Award  
OCID: ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3.json)

## Summary

The University of Westminster has awarded a contract for Banking Services to Lloyds Bank Plc. The contract involves the maintenance of multiple currency bank accounts, cash handling, and online banking services. The contract value is £40,000, with a contract period from December 1, 2023, to November 30, 2027. The award was made on July 17, 2023, and the procurement method was direct using a single tender action.

Businesses operating in the banking services sector, particularly those with experience in money transmission services and online banking solutions, would find this tender opportunity suitable for growth. As the University of Westminster aims to enhance its banking arrangements, businesses focusing on financial technology and efficient money handling services are well-suited to compete. The tender presents an opportunity for businesses to provide tailored banking solutions to a prestigious educational institution based in London, United Kingdom.

## Notice

The University of Westminster wishes to appoint a supplier for UK money transmission banking services. The service required includes the maintenance of Sterling, EURO and US Dollar bank accounts, cash and cheque handling, BACS transaction processing and other money transmission services associated with University banking arrangements. An internet banking service will be required for balance and transaction reporting and payment initiation. Additional information can be obtained from the university e-tendering portal, at https://procontract.due-north.com. Bidders will need to register for free on the portal by completing a simple registration, Once registered bidders can use the search function under "find opportunities" to find the tender.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/44814ff2-a9e9-435f-9ece-4764b4135d45 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Jul 2023 |
| Submission deadline | 17 Apr 2023 |
| Future notice date | Not specified |
| Award date | 16 Jul 2023 |
| Contract period | 1 Dec 2023 - 30 Nov 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000 |
| Lots value | Not specified |
| Awards value | £40,000 |
| 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 | THE UNIVERSITY OF WESTMINSTER |
| Locality | LONDON |
| Post town | West London |
| Postcode | W1B 2UW |
| 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 | West End |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 25 Jul 2023 at 14:22 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/44814ff2-a9e9-435f-9ece-4764b4135d45
- 13 Mar 2023 at 15:57 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3bda7280-c1ac-41cb-ad51-64661d23bfe1

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/44814ff2-a9e9-435f-9ece-4764b4135d45
  25th July 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/3bda7280-c1ac-41cb-ad51-64661d23bfe1
  13th March 2023 - Opportunity notice on Contracts Finder

## Notice URLs

- https://procontract.due-north.com

## 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-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3.json.