---
title: "RMCV 037 - Banking Services"
ocid: "ocds-b5fd17-ea79dfb3-577d-4ec1-a7d8-e33795906b16"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ea79dfb3-577d-4ec1-a7d8-e33795906b16"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ea79dfb3-577d-4ec1-a7d8-e33795906b16.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ea79dfb3-577d-4ec1-a7d8-e33795906b16.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SHROPSHIRE COUNCIL"
published: "2023-02-23"
---

# RMCV 037 - Banking Services

Buyer: SHROPSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-ea79dfb3-577d-4ec1-a7d8-e33795906b16

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-ea79dfb3-577d-4ec1-a7d8-e33795906b16)  
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## Summary

The Shropshire Council has awarded a contract for banking services to National Westminster Bank Plc. The contract involves money transmission banking services, including maintenance of bank accounts, Faster Payments, BACS, and CHAPS transaction processing. The contract is worth £279,881 and has a duration of 5 years, with a possible extension of 2 years. The procurement stage is complete, with an open procedure type and a tender period ending on September 19, 2022. The contract period starts on April 3, 2023, and ends on April 2, 2030. The location for service delivery is in the West Midlands, United Kingdom, under the services category.

This awarded tender for banking services by Shropshire Council presents business opportunities for financial institutions and banking service providers. Companies specialised in money transmission services, bank account management, and transaction processing are well-suited to compete for this contract. The contract's substantial value and long duration offer a stable revenue stream for successful bidders. Given the nature of the services required, businesses with experience in providing similar financial solutions are encouraged to engage in this opportunity for business growth.

## Notice

This is an award notice for a money transmission banking service to include the maintenance of bank accounts, Faster Payments, BACS and CHAPS transaction processing and other services associated with local authority banking arrangements. An internet banking service for balance/transaction reporting and payment initiation is also required. The contract will be for an initial period of 5 years with the option to extend for a further 2 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/db109e9e-6391-4c48-b342-fa74d1eaf957 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Feb 2023 |
| Submission deadline | 18 Sep 2022 |
| Future notice date | Not specified |
| Award date | 18 Sep 2022 |
| Contract period | 2 Apr 2023 - 2 Apr 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £279,881 |
| Lots value | Not specified |
| Awards value | £279,881 |
| 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 | SHROPSHIRE COUNCIL |
| Locality | SHREWSBURY |
| Post town | Shrewsbury |
| Postcode | SY2 6ND |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG2 Shropshire and Staffordshire |
| ITL 3 | TLG22 Shropshire |
| Local authority | Shropshire |
| Electoral ward | Abbey |
| Westminster constituency | Shrewsbury |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NATIONAL WESTMINSTER BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 23 Feb 2023 at 11:55 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/db109e9e-6391-4c48-b342-fa74d1eaf957

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/db109e9e-6391-4c48-b342-fa74d1eaf957
  23rd February 2023 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=711866347
  Please follow this link to view the notice.

## 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-ea79dfb3-577d-4ec1-a7d8-e33795906b16. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ea79dfb3-577d-4ec1-a7d8-e33795906b16.json.