---
title: "Bank Account Confirmation of Payee (CoP)"
ocid: "ocds-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
published: "2023-12-15"
---

# Bank Account Confirmation of Payee (CoP)

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c

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## Summary

The Financial Services Compensation Scheme Limited has awarded a contract for Bank Account Confirmation of Payee (CoP) services, valued at £300,000. The procurement method used was selective, involving a call-off from a framework agreement. The contract period is from 24th November 2023 to 23rd November 2024. The award was made on 4th October 2023, and the tender closed on 3rd October 2023.

This tender provides business opportunities for companies offering banking services. Businesses in the financial sector would be well-suited to compete for this contract. The buying organisation, Financial Services Compensation Scheme Limited, located in London, England, sought suppliers for this procurement. This opportunity caters to larger businesses, and it can serve as a significant growth opportunity for the selected supplier.

## Notice

Bank Account Confirmation of Payee (CoP) allows validation of a Bank Account Name of the depositors against a Sort Code and Account Number of their alternative account details.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/45bda404-4dd1-46af-b8a0-b7ab057469ce |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Dec 2023 |
| Submission deadline | 3 Oct 2023 |
| Future notice date | Not specified |
| Award date | 3 Oct 2023 |
| Contract period | 24 Nov 2023 - 23 Nov 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £300,000 |
| Lots value | Not specified |
| Awards value | £300,000 |
| 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 | FINANCIAL SERVICES COMPENSATION SCHEME LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PAYPOINT NETWORK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 15 Dec 2023 at 15:00 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/45bda404-4dd1-46af-b8a0-b7ab057469ce

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/45bda404-4dd1-46af-b8a0-b7ab057469ce
  15th December 2023 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://www.fscs.org.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-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c.json.