---
title: "RMCV 037 - Banking Services"
ocid: "ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "SHROPSHIRE COUNCIL"
published: "2022-07-01"
---

# RMCV 037 - Banking Services

Buyer: SHROPSHIRE COUNCIL  
Current stage: Tender  
OCID: ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571.json)

## Summary

The Shropshire Council is currently seeking bids for the tender titled "RMCV 037 - Banking Services," aimed at providing a comprehensive money transmission banking service. This procurement falls within the services category, specifically classified under banking services (CPV code: 66110000). Located in Shrewsbury, West Midlands, the open procurement process is currently active, with a submission deadline set for 1st August 2022. The contract is intended to commence on 3rd April 2023 for an initial duration of five years, with a potential extension of up to two additional years, and has an estimated value of £225,000.

This tender presents significant opportunities for businesses specialising in banking and financial services, particularly those with capabilities in online banking, transaction processing, and local authority arrangements. As Shropshire Council aims to eliminate cash and cheque handling, firms that can offer innovative digital solutions and robust transaction management will be particularly well-positioned to compete. This contract not only supports the growth of traditional banking providers but also opens avenues for fintech companies looking to expand their services within the public sector.

## Notice

The Council requires 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 will also be required. The Council is aiming to eliminate cash and cheque handling from its banking arrangements from the start of this contract. It is however possible that cash and cheques will still be deposited in the early stages of the contract although it is anticipated that volumes/values will be minimal. Please see the service specification document included in the tender pack for further details of this procurement. The contract will be for an initial period of 5 years with the option to extend for a further 2 years. The contract will commence on 3rd April 2023.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/839e094d-9521-437c-8964-f0bb33a06a07 |
| 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 | 1 Jul 2022 |
| Submission deadline | 1 Aug 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 2 Apr 2023 - 2 Apr 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £225,000 |
| 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 | 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) |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 1 Jul 2022 at 14:50 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/839e094d-9521-437c-8964-f0bb33a06a07

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/839e094d-9521-437c-8964-f0bb33a06a07
  1st July 2022 - Opportunity notice on Contracts Finder
- https://www.delta-esourcing.com/tenders/UK-UK-Shrewsbury:-Banking-services./S639B5FYV5
  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-fd10db69-eef1-4114-9f19-eea7968ec571. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-fd10db69-eef1-4114-9f19-eea7968ec571.json.