---
title: "RMCV 037 - Banking Services"
ocid: "ocds-h6vhtk-034d94"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-034d94"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-034d94.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-034d94.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SHROPSHIRE COUNCIL"
published: "2023-02-23"
---

# RMCV 037 - Banking Services

Buyer: SHROPSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-034d94

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-034d94.json)

## Summary

Shropshire Council has recently awarded a banking services contract (RMCV 037) to National Westminster Bank Plc. The contract involves services such as maintaining bank accounts, Faster Payments, BACS and CHAPS transaction processing, and internet banking. The contract's initial period is 5 years with a possible 2-year extension option. The contract's value is £279,881, and it was signed on 19th September 2022.

This contract provides business opportunities for financial institutions and payment service providers looking to offer banking services to local authorities. Businesses with expertise in money transmission services, transaction processing, and internet banking are well-suited to compete. The contract offers a substantial value and a long-term commitment, presenting a lucrative growth opportunity for successful bidders in the banking services sector.

## 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.

### Lot Information

Lot 1

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.

Renewal: 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 | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/005414-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Feb 2023 |
| Submission deadline | 1 Aug 2022 |
| Future notice date | Not specified |
| Award date | 18 Sep 2022 |
| Contract period | 2 Apr 2023 - 2 Apr 2030 |
| Recurrence | 7 years |

## Values

| Field | Value |
| --- | --- |
| Tender value | £225,000 |
| Lots value | £225,000 |
| Awards value | Not specified |
| Contracts value | £279,881 |

## Status

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

## 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 | TLG22 Shropshire |

## 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 12:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/005414-2023
- 4 Jul 2022 at 12:37 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/018156-2022

## Notice URLs

- http://www.shropshire.gov.uk
- https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=711866347
- https://www.delta-esourcing.com/tenders/UK-UK-Shrewsbury:-Banking-services./S639B5FYV5
- https://www.delta-esourcing.com/tenders/UK-title/S639B5FYV5

## 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-034d94. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-034d94.json.