--- title: "CWC21109 Corporate Banking" ocid: "ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16.json" source: "Contracts Finder" current_stage: "Tender" buyer: "WOLVERHAMPTON CITY COUNCIL" published: "2021-11-09" --- # CWC21109 Corporate Banking Buyer: WOLVERHAMPTON CITY COUNCIL Current stage: Tender OCID: ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16.json) ## Summary The Wolverhampton City Council is inviting tenders for its "CWC21109 Corporate Banking" project, which involves providing a range of banking services classified under the CPV code for banking services (66110000). This procurement process is currently in the open tender stage, with a submission deadline set for 10 December 2021. The contract period is planned to commence on 19 March 2022 and run until 31 March 2029. The total estimated value of the contract is £350,000, and the services are required to be delivered in the United Kingdom. This tender represents an excellent opportunity for banks and financial service providers to engage with local government, particularly those with expertise in banking solutions tailored for public sector needs. Businesses that provide comprehensive banking services, including account management, transaction processing, and tailored financial solutions for various public accounts, would be well-suited to compete for this contract. The complexity of the requirements also opens potential for innovative banking solutions tailored to the diverse needs of the council, creating avenues for collaboration and business growth. ## Notice The Council invites tenders for the provision of banking services including: * 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification * A group overdraft facility * An intra day limit * 47 imprest accounts for schools and council services * cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre * Consolidated and bulk cash facilities * Automated credit and debit facilities * Branch facilities for cheque encashment and occasional paying in * BACS bureau and SUN sponsorship and transaction processing * internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system Additional Requirements: * Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living * 2 bank accounts with third party administration assigned to the West Midlands Pension Fund * A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account. * a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18 * a main header account with 75 sub accounts for customers who we have been awarded Court of Protection * ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/2a7e450b-ba92-45ce-9b8d-c07c56bd8420 | | 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 | 9 Nov 2021 | | Submission deadline | 10 Dec 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 19 Mar 2022 - 31 Mar 2029 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £350,000 | | 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 | WOLVERHAMPTON CITY COUNCIL | | Locality | WOLVERHAMPTON | | Post town | Wolverhampton | | Postcode | WV1 1RL | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG39 Wolverhampton | | Local authority | Wolverhampton | | Electoral ward | St Peters | | Westminster constituency | Wolverhampton West | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services ## Release History - 9 Nov 2021 at 11:26 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2a7e450b-ba92-45ce-9b8d-c07c56bd8420 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/2a7e450b-ba92-45ce-9b8d-c07c56bd8420 9th November 2021 - Opportunity notice on Contracts Finder ## Notice URLs - http://www.wolverhampton.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-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16.json.