--- title: "Banking Services" ocid: "ocds-h6vhtk-029f1d" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-029f1d" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-029f1d.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-029f1d.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "METROPOLITAN POLICE SERVICE" published: "2021-03-25" --- # Banking Services Buyer: METROPOLITAN POLICE SERVICE Current stage: Planning OCID: ocds-h6vhtk-029f1d [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-029f1d) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-029f1d.json) ## Summary The Metropolitan Police Service is planning a procurement process for Banking Services, aimed at establishing a comprehensive banking solution that includes the management of both primary and secondary accounts. This initiative falls under the financial and insurance services industry and is associated with a preliminary market engagement exercise that seeks to gather interest and potential solutions from providers. Interested parties must respond to the specified questions by the deadline of 15th April 2021, with further notices scheduled for 11th May 2021. This tender presents significant opportunities for businesses that specialise in banking services, particularly those with capabilities to offer multi-currency accounts and efficient account management solutions. Companies with a strong presence in London will be especially well-suited to engage, as the tender outlines the requirement for a large operational footprint within the Metropolitan Police District. Businesses offering innovative banking technology and customer-oriented bank account services are likely to find this procurement process particularly beneficial for growth and market expansion. ## Notice The Authority are undertaking a preliminary market engagement exercise to establish interest and solutions that are currently available in the marketplace for Banking Solutions. The Authority currently has two main bank accounts 1) Fund Main Supply Account and 2) Fund Drawing Account. In addition to the main accounts approximately 100 bank accounts will be required by divisions and operational departments. Most of these accounts are operated on an imprest basis and are funded periodically. Bank accounts are also maintained for holding significant balances on behalf of third parties. ### Lot Information Lot 1 The Authority are undertaking a preliminary market engagement exercise to establish interest and solutions that are currently available in the marketplace for Banking Solutions. Background Information The Authority currently has two main bank accounts 1) Fund Main Supply Account and 2) Fund Drawing Account. In addition to the main accounts approximately 100 bank accounts will be required by divisions and operational departments. Most of these accounts are operated on an imprest basis and are funded periodically. Bank accounts are also maintained for holding significant balances on behalf of third parties. As a minimum, for the Third Party Monies accounts, the Authority requires a virtual account solution that has the following functionality: * the ability to hold funds in Sterling, Euros and US dollars * simple desktop opening/closing of bank accounts * production of bank statements for individual account holders that are identical to standard bank statements (i.e. the statements must refer to the bank and the individual account holder, including both their name and their POCA reference, and not MOPAC or the MPS). There is a requirement for there to be a large London presence across the Metropolitan Police District to enable money to be deposited. Additional information: There are two key questions at the end of the PIN document that we require responses to if you are interested in this procurement. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/006059-2021 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Mar 2021 | | Submission deadline | Not specified | | Future notice date | 10 May 2021 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | Lots status | Planned | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | METROPOLITAN POLICE SERVICE | | Locality | LONDON | | Post town | West London | | Postcode | W1S 2EX | | 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 | West End | | Westminster constituency | Cities of London and Westminster | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services - 66110000 - Banking services ## Release History - 25 Mar 2021 at 11:34 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/006059-2021 ## Notice URLs - https://supplier.coupahost.com/quotes/public_events?customer=metpolice ## 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-h6vhtk-029f1d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-029f1d.json.