--- title: "CWC21109 Corporate Banking" ocid: "ocds-h6vhtk-02f4ee" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02f4ee" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02f4ee.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02f4ee.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "WOLVERHAMPTON CITY COUNCIL" published: "2021-11-09" --- # CWC21109 Corporate Banking Buyer: WOLVERHAMPTON CITY COUNCIL Current stage: Tender OCID: ocds-h6vhtk-02f4ee [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02f4ee) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02f4ee.json) ## Summary The Wolverhampton City Council is currently inviting tenders for the "CWC21109 Corporate Banking" contract, which is valued at £350,000 and falls under the financial and insurance services category. This procurement is at the tender stage, with submissions due by 12:00 on 10 December 2021. The contract will provide comprehensive banking services including the management of multiple accounts, payment processing, and cash handling for council services and related entities, with a contract period of 60 months and a review at the end of this term. This tender presents an excellent opportunity for banking service providers and financial institutions, particularly those that are authorised to operate in the UK and hold the necessary FCA registrations. Businesses with expertise in large account management, online banking solutions, and tailored financial services will find this procurement well-suited to their capabilities. Winning this contract could lead to significant long-term growth, given the services involved and the potential for future recurring contracts following the initial term. ## Notice The Council invites tenders for the provision of banking services including: * 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification * A group overdraft facility * An intra day limit * 47 imprest accounts for schools and council services * cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre * Consolidated and bulk cash facilities * Automated credit and debit facilities * Branch facilities for cheque encashment and occasional paying in * BACS bureau and SUN sponsorship and transaction processing * internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system Additional Requirements: * Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living * 2 bank accounts with third party administration assigned to the West Midlands Pension Fund * A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account. * a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18 * a main header account with 75 sub accounts for customers who we have been awarded Court of Protection ### Lot Information Lot 1 The Council invites tenders for the provision of banking services including: * 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification * A group overdraft facility * An intra day limit * 47 imprest accounts for schools and council services * cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre * Consolidated and bulk cash facilities * Automated credit and debit facilities * Branch facilities for cheque encashment and occasional paying in * BACS bureau and SUN sponsorship and transaction processing * internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system Additional Requirements: * Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living * 2 bank accounts with third party administration assigned to the West Midlands Pension Fund * A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account. * a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18 * a main header account with 75 sub accounts for customers who we have been awarded Court of Protection Renewal: To be reviewed at the end of the initial term of 60 months ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/028033-2021 | | 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 | 9 Nov 2021 | | Submission deadline | 10 Dec 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | New procurement will begin on the expiration of this contract | ## Values | Field | Value | | --- | --- | | Tender value | £350,000 | | Lots value | £350,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | WOLVERHAMPTON CITY COUNCIL | | Locality | WOLVERHAMPTON | | Post town | Wolverhampton | | Postcode | WV1 1RL | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG39 Wolverhampton | | Local authority | Wolverhampton | | Electoral ward | St Peters | | Westminster constituency | Wolverhampton West | | Delivery location | TLG West Midlands (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 9 Nov 2021 at 10:55 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/028033-2021 ## Notice URLs - http://www.wolverhampton.gov.uk - http://www.wolverhamptontenders.com ## 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-02f4ee. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02f4ee.json.