---
title: "Banking Services"
ocid: "ocds-h6vhtk-02fe40"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02fe40"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02fe40.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02fe40.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UNIVERSITY OF READING"
published: "2022-07-20"
---

# Banking Services

Buyer: UNIVERSITY OF READING  
Current stage: Award  
OCID: ocds-h6vhtk-02fe40

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02fe40)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02fe40.json)

## Summary

The University of Reading is looking for banking services and has initiated a tender process titled "Banking Services". This public procurement falls under the category of "Banking and investment services" and is valued at £750,000. The procurement method is selective, and the award has been made to Lloyds Bank PLC. The procurement process is in the Award stage and is located in Reading, UK. The contract was signed on 18th July 2022, and it includes the provision of corporate banking services, including the management of up to 10 bank accounts and an electronic banking platform for both domestic and international transactions.

This tender presents opportunities for growth particularly for banking and financial service providers experienced in corporate banking within the education sector. Businesses that offer electronic banking solutions and have a strong capability in managing multi-account arrangements would be well-suited to compete for this contract. The University of Reading's focus on higher education arrangements indicates potential for long-term partnerships and consistent demand for reliable banking services.

## Notice

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting.

### Lot Information

Lot 1

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/019767-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Jul 2022 |
| Submission deadline | 13 Jan 2022 |
| Future notice date | Not specified |
| Award date | 17 Jul 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £675,000 |
| Lots value | £675,000 |
| Awards value | Not specified |
| Contracts value | £750,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF READING |
| Locality | READING |
| Post town | Reading |
| Postcode | RG6 6AB |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ16 Berkshire West |
| Local authority | Wokingham |
| Electoral ward | Maiden Erlegh & Whitegates |
| Westminster constituency | Earley and Woodley |
| Delivery location | TLJ11 Berkshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LLOYDS BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services
- 66110000 - Banking services

## Release History

- 20 Jul 2022 at 12:33 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/019767-2022
- 7 Dec 2021 at 16:35 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/030409-2021

## Notice URLs

- http://www.in-tendhost.co.uk/theuniversityofreading
- http://www.in-tendorganiser.co.uk/theuniversityofreading
- http://www.lloydsbank.com
- http://www.reading.ac.uk/procurement

## 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-02fe40. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02fe40.json.