--- title: "Money Transmission Services - Lot 3" ocid: "ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b.json" source: "Contracts Finder" current_stage: "Award" buyer: "H M REVENUE & CUSTOMS" published: "2025-07-31" --- # Money Transmission Services - Lot 3 Buyer: H M REVENUE & CUSTOMS Current stage: Award OCID: ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b.json) ## Summary The procurement process for "Money Transmission Services - Lot 3" conducted by His Majesty's Revenue and Customs (HMRC) has reached the award stage. HMRC, located at 100 Parliament Street, London, serves as the UK's tax, payments, and customs authority, facilitating transactions across government entities. This contract, which falls under the banking services industry category, involves a restricted procedure method for selective procurement. The contract period spans from 4th July 2025 to 3rd July 2037, making it a long-term engagement with the potential for four additional 12-month extensions. Valued at £55,020,000, the services are to be delivered across the United Kingdom, with Citibank N.A. London Branch appointed as the supplier. The tender, classified under CPV code 66110000, covers banking, financial transaction processing, and foreign exchange services, and was published on 20th March 2024. This tender represents significant business growth opportunities, particularly for large-scale financial institutions with expertise in providing comprehensive banking services, including transaction processing and foreign exchange. The scope of the contract offers a stable, long-term engagement, providing an opportunity for businesses to establish robust relationships with government entities and potentially unlock further contracts within the public sector. Suitability for the contract does not favour SMEs or voluntary, community and social enterprises (VCSEs), suggesting that larger banks with substantial financial standing and technical capability are best positioned to compete in this selective procurement process. This opportunity can pave the way for participating businesses to enhance their market presence and gain significant exposure within the UK’s financial services landscape. ## Notice His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations. To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks. This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector. This Lot 3 contract has been awarded for an initial term of 8 years with four 12 months possible extension options. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0320988a-c9bf-48f3-803f-50d28723ef7a | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Planning, Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 31 Jul 2025 | | Submission deadline | 3 Sep 2024 | | Future notice date | 27 Feb 2023 | | Award date | 17 Jun 2025 | | Contract period | 3 Jul 2025 - 3 Jul 2037 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £55,020,000 | | Lots value | Not specified | | Awards value | £221,820,000 | | 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 | H M REVENUE & CUSTOMS | | Locality | LONDON | | Post town | South West London | | Postcode | SW1A 2BQ | | 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 | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 2 | | Supplier names | CITIBANK N.A. LONDON BRANCH; NATIONAL WESTMINSTER BANK | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services - 66170000 - Financial consultancy, financial transaction processing and clearing-house services - 66180000 - Foreign exchange services ## Release History - 31 Jul 2025 at 08:13 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0320988a-c9bf-48f3-803f-50d28723ef7a - 31 Jul 2025 at 08:11 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0320988a-c9bf-48f3-803f-50d28723ef7a - 29 Jul 2025 at 15:10 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0320988a-c9bf-48f3-803f-50d28723ef7a - 29 Jul 2025 at 10:30 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8671c39a-2a89-4010-8c74-e641746ba296 - 28 Jul 2025 at 12:27 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8671c39a-2a89-4010-8c74-e641746ba296 - 18 Jul 2025 at 10:07 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8671c39a-2a89-4010-8c74-e641746ba296 - 17 Jul 2025 at 16:32 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8671c39a-2a89-4010-8c74-e641746ba296 - 20 Mar 2024 at 12:06 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9279282f-6c35-4c3f-bcf0-c39d31a9f8e3 - 30 Jan 2023 at 15:26 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/da1df751-6d6a-46d7-848c-8d61459fff00 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/0320988a-c9bf-48f3-803f-50d28723ef7a 31st July 2025 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/8671c39a-2a89-4010-8c74-e641746ba296 29th July 2025 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/9279282f-6c35-4c3f-bcf0-c39d31a9f8e3 20th March 2024 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/da1df751-6d6a-46d7-848c-8d61459fff00 30th January 2023 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/27167e02-dced-4560-8f84-3e760b9ae69b - https://www.contractsfinder.service.gov.uk/Notice/Attachment/931d94d5-7ec0-442a-b6cf-7ef3eb99fb01 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/fae41ad0-8278-4734-a363-678687ebb7d4 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/84901a8d-14b9-4562-96b1-70ec337631ce - https://www.contractsfinder.service.gov.uk/Notice/Attachment/40cf5100-57bf-446e-956d-800f1762cf97 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/b2428e86-5334-4049-9fd1-7fa6da32d189 ## 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-c5fdcc70-5a22-427d-ba15-de4899a2e55b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b.json.