---
title: "SC20042 - Provision of Banking Services"
ocid: "ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "KENT COUNTY COUNCIL"
published: "2022-09-09"
---

# SC20042 - Provision of Banking Services

Buyer: KENT COUNTY COUNCIL  
Current stage: Tender  
OCID: ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46

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## Summary

The Kent County Council is seeking banking services through tender opportunity SC20042. The procurement process aims to find a supplier to manage various bank accounts, including those for general payments, salaries, and schools' payroll. The contract period is set to start on February 1, 2023, with a total value of £700,000. The tender is open for interested parties until October 14, 2022, with a focus on SMEs and VCSE organisations.

This opportunity presents a chance for businesses to provide banking services to a diverse range of accounts held by Kent County Council. Companies involved in financial services, particularly in electronic/online banking and physical facility management, are well-suited to compete in this tender. The provision of efficient and cost-effective banking solutions, along with the support for the council's financial affairs and schools' operations, can be key areas of focus for potential suppliers.

## Notice

Kent County Council are tendering the provision of their Banking Services. Kent County Council currently maintains a number of bank accounts, including the following main accounts: * General Account * Payments Account * Salaries Account * Schools' Payroll Account * Commercial Services Laser Purchases Account * Commercial Services Income Account * Commercial Services Purchases Account * Direct Debit Collections Account * Pension Payroll Account In addition to these, the Council operates a number of other accounts, including imprest / receipts accounts, Kent schools accounts and approximately 1,300 bank accounts on behalf of individuals receiving care. The Police and Crime Commissioner for Kent (PCCK), and the Kent and Medway Towns Fire Authority (KMTFA) currently use the Council's bank and take advantage of the same terms and tariffs offered to the Council. The requirement of these organisations is therefore included within the Council's tender process. The successful bank will be required to enter into separate contractual agreements with each organisation whereby those organisations can draw down services under the KCC contract by way of an Access Deed. The successful supplier will be required to: 1. Encourage and support the further development of electronic/online banking services to reduce costs by streamlining processes and enhancing the quality of management information. 2. Provide access to physical facilities as the Council requires, for both its own operations as well as for schools in the KCC scheme, for cash and cheque paying in, cheque encashment and a head office collection account. 3. Effectively support the operation of the Financial Affairs Client accounts.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/68017723-e0f9-4d83-ac34-3d04fd066c44 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Sep 2022 |
| Submission deadline | 14 Oct 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 Feb 2023 - 31 Jan 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £700,000 |
| 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 | KENT COUNTY COUNCIL |
| Locality | MAIDSTONE |
| Post town | Rochester |
| Postcode | ME14 1XQ |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ4 Kent |
| ITL 3 | TLJ45 Mid Kent |
| Local authority | Maidstone |
| Electoral ward | Penenden Heath |
| Westminster constituency | Maidstone and Malling |
| 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) |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 9 Sep 2022 at 09:36 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/68017723-e0f9-4d83-ac34-3d04fd066c44

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/68017723-e0f9-4d83-ac34-3d04fd066c44
  9th September 2022 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.kent.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-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46.json.