---
title: "Banking Services"
ocid: "ocds-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NTW SOLUTIONS LTD"
published: "2023-12-19"
---

# Banking Services

Buyer: NTW SOLUTIONS LTD  
Current stage: Award  
OCID: ocds-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff

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## Summary

The buying organisation, NTW Solutions Ltd, has recently awarded a contract for Banking Services, with a total value of £78,751.12. The procurement stage was completed through a Limited competitive quotation process, with a tender period ending on 15th November 2023. The contract period is scheduled to start on 1st January 2024 and end on 31st December 2028. The services fall under the industry category of banking services and are located in Newcastle Upon Tyne, United Kingdom.

This awarded tender for Banking Services by NTW Solutions Ltd presents an opportunity for financial institutions and banking service providers to engage in providing current operational accounts services. Businesses well-suited to compete should offer competitive pricing and excellent service quality to meet the requirements specified in the tender document. Participation from large banking service providers, like Lloyds Bank, can further enhance competition and service delivery.

## Notice

The Authority tendered for a banking provider for: - Current accounts x 6 to receive income, make cheque payments and to make transfers to and from other accounts, including its account with Natwest (Government Bank Account). This will be operational accounts only with no fixed deposits or lending required. The pricing schedule shows the current annual account activity for our accounts which includes main activities of: - Banking (cash and cheques) - most of the banking are notes i.e. around 90% for banked and 99% for withdrawal) as we keep as much change as possible at main cashiering sites. We do around 10 drops per week, transported by Security Plus Limited to a local branch - See Pricing Schedule for more detail. - Direct Receipts - Manual cheques issued - two signatures are required if the cheque is for PS50k or over, or the cheque is made out to "cash" - BACS payments made - Inter-account transfers Additional information: This is notice of an Awarded Contract and not a live opportunity

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/32ee9c4e-3d2e-478c-bdc8-6287f452820a |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Competitive quotation (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Dec 2023 |
| Submission deadline | 15 Nov 2023 |
| Future notice date | Not specified |
| Award date | 19 Dec 2023 |
| Contract period | 1 Jan 2024 - 31 Dec 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £78,751 |
| Lots value | Not specified |
| Awards value | £78,751 |
| 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 | NTW SOLUTIONS LTD |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE3 3XT |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Fawdon & West Gosforth |
| Westminster constituency | Newcastle upon Tyne North |
| Delivery location | TLC North East (England), TLD North West (England) |

## 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

- 19 Dec 2023 at 14:34 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/32ee9c4e-3d2e-478c-bdc8-6287f452820a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/32ee9c4e-3d2e-478c-bdc8-6287f452820a
  19th December 2023 - Awarded contract notice on Contracts Finder

## 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-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff.json.