---
title: "Banking Services"
ocid: "ocds-h6vhtk-03eb37"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03eb37"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03eb37.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03eb37.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LINCOLNSHIRE COUNTY COUNCIL"
published: "2024-04-16"
---

# Banking Services

Buyer: LINCOLNSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-03eb37

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03eb37)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03eb37.json)

## Summary

The procurement process for banking services was successfully completed by Lincolnshire County Council. The council required money transmission banking services that include maintaining bank accounts, cash and cheque handling, BACS, CHAPS, Faster Payments processing, and other money transmission services associated with local authority banking arrangements. The procurement method used was an open procedure, and the contract was awarded to Barclays Bank PLC on 31st March 2024.

This tender by Lincolnshire County Council for banking services presents a growth opportunity for businesses providing financial and banking services. Companies offering banking and investment services, particularly those experienced in money transmission services and internet banking solutions, would be well-suited to compete. The contract value was £152,222 GBP, awarded to Barclays Bank PLC, a large-scale supplier in the banking sector, showcasing potential for similar organisations to participate in future procurement opportunities.

## Notice

The services which were being procured as part of this procurement are money transmission banking services. The banking services required include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS, Faster Payments processing and other money transmission services associated with local authority banking arrangements.

### Lot Information

Lot 1

This was procured through an Open Procedure

Renewal: An extension year will be available after the first 60 months.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/012372-2024 |
| 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 | 16 Apr 2024 |
| Submission deadline | 28 Aug 2023 |
| Future notice date | Not specified |
| Award date | 31 Mar 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £210,000 |
| Lots value | £210,000 |
| Awards value | Not specified |
| Contracts value | £152,222 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LINCOLNSHIRE COUNTY COUNCIL |
| Locality | LINCOLN |
| Post town | Lincoln |
| Postcode | LN1 1YL |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF3 Lincolnshire |
| ITL 3 | TLF30 Lincolnshire CC |
| Local authority | Lincoln |
| Electoral ward | Carholme |
| Westminster constituency | Lincoln |
| Delivery location | TLF3 Lincolnshire |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

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

## Release History

- 16 Apr 2024 at 14:04 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/012372-2024
- 28 Jul 2023 at 11:00 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/021972-2023

## Notice URLs

- https://procontract.due-north.com/opportunities
- https://www.lincolnshire.gov.uk

## 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-03eb37. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03eb37.json.