---
title: "Banking Services"
ocid: "ocds-b5fd17-cbb8f62d-5ee0-4782-93d5-bf5ff360406a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-cbb8f62d-5ee0-4782-93d5-bf5ff360406a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-cbb8f62d-5ee0-4782-93d5-bf5ff360406a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-cbb8f62d-5ee0-4782-93d5-bf5ff360406a.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "WEST BERKSHIRE"
published: "2019-11-28"
---

# Banking Services

Buyer: WEST BERKSHIRE  
Current stage: Tender  
OCID: ocds-b5fd17-cbb8f62d-5ee0-4782-93d5-bf5ff360406a

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## Summary

The procurement process involves West Berkshire Council seeking tender proposals for comprehensive banking services, including the management of Council and school bank accounts, cash processing, and internet banking services. The total contract value is £400,000, with the anticipated service commencement date set for 1st April 2020. This open procedure tender will close for submissions on 3rd January 2020, and the contract duration is initially 5 years, with a potential extension of up to 10 years. The service is classified under CPV code 66110000 for banking services.

This tender presents a significant opportunity for businesses specialising in financial services, particularly those with capabilities in managing banking operations for public entities. Financial institutions and fintech companies that can offer innovative internet banking solutions, cash processing alternatives, and comprehensive customer service would be well-positioned to compete effectively. Engaging in this contract may support business growth through sustained partnerships with local government initiatives.

## Notice

The Council requires a comprehensive money transmission banking service involving maintenance of Council and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council and schools will require an internet banking service for balance/transaction reporting and payment initiation. The Council proposes to enter into one Contract for a period of 5 years. The Council will require the option to extend the contract for a further 5 years making the maximum contract period 10 years. The anticipated service commencement date is 1st April 2020 Additional information: Register interest at https://in-tendhost.co.uk/westberks/aspx/Home Is a Recurrent Procurement Type? : No

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5c32fbdc-ad2b-40f6-9482-2ec4d4e09915 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Nov 2019 |
| Submission deadline | 3 Jan 2020 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Mar 2020 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £400,000 |
| 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 | WEST BERKSHIRE |
| Locality | NEWBURY |
| Post town | Reading |
| Postcode | RG14 5LD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ16 Berkshire West |
| Local authority | West Berkshire |
| Electoral ward | Newbury Central |
| Westminster constituency | Newbury |
| Delivery location | TLJ South East (England) |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 28 Nov 2019 at 10:56 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/5c32fbdc-ad2b-40f6-9482-2ec4d4e09915

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/5c32fbdc-ad2b-40f6-9482-2ec4d4e09915
  28th November 2019 - Opportunity notice on Contracts Finder
- https://in-tendhost.co.uk/westberks/aspx/
  Additional information on how to apply for this contract

## Notice URLs

- https://in-tendhost.co.uk/westberks/aspx/Home

## 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-cbb8f62d-5ee0-4782-93d5-bf5ff360406a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-cbb8f62d-5ee0-4782-93d5-bf5ff360406a.json.