--- title: "TfW Banking Services" ocid: "ocds-kuma6s-147489" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-147489" markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-147489.md" json_url: "https://d3tenders.com/contract/ocds-kuma6s-147489.json" source: "Sell2Wales" current_stage: "Award" buyer: "TRANSPORT FOR WALES" published: "2026-03-26" --- # TfW Banking Services Buyer: TRANSPORT FOR WALES Current stage: Award OCID: ocds-kuma6s-147489 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-147489) [Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-147489.json) ## Summary The contracting process initiated by Transport for Wales aims to establish banking services for itself and its subsidiary organisations. The tender titled "TfW Banking Services" falls under the services category, specifically within public transport and general public services. Located in Pontypridd, Wales, the procurement method employed is an open procedure. The contract was awarded to HSBC UK BANK PLC, with the agreement officially signed on 5th December 2025. The planned implementation of banking services is set for 1st April 2026. The procurement includes key delivery requirements such as bank account maintenance, cash and cheque handling, payment processing, and internet banking services. The tender completion period ended 17th February 2025. This tender presents an opportunity for large-scale financial institutions with strong capabilities in internet banking, international payment processing, and comprehensive cash management solutions. Such organisations can leverage this contract to expand their footprint in the public transport sector, potentially opening doors to future projects within the public services domain. The open procedure allows for a competitive bidding environment, making it suitable for well-established firms capable of meeting the demanding criteria prioritising quality over price. Business growth can be realised through the fulfilment of service volumes which may vary over the contract's life, with options to extend the agreement for additional periods. ## Notice We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026. ### Lot Information Lot 1 We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services - to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required. Options: The volumes of services may change during the life of the contract. Renewal: Option to extend for up to two periods of 12 months each. ## Key Details | Field | Value | | --- | --- | | Publication source | Sell2Wales | | Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=147489 | | Notice type | OJEU - F3 - Contract Award 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 | 26 Mar 2026 | | Submission deadline | 17 Feb 2025 | | Future notice date | Not specified | | Award date | 5 Dec 2025 | | Contract period | Not specified | | Recurrence | Q1 2030 | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | £1 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | TRANSPORT FOR WALES | | Locality | PONTYPRIDD | | Post town | Cardiff | | Postcode | CF37 4TH | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL5 South East Wales | | ITL 3 | TLL51 Central Valleys and Bridgend | | Local authority | Rhondda Cynon Taf | | Electoral ward | Pontypridd Town | | Westminster constituency | Pontypridd | | Delivery location | TLL Wales | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | HSBC UK BANK | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services ## Release History - 26 Mar 2026 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=147489 - 17 Jan 2025 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=147489 ## Documents - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JAN497185 TfW Banking Services - We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026. - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=MAR602356 TfW Banking Services - We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026. ## Notice URLs - http://tfw.wales - https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-147489 - https://etenderwales.bravosolution.co.uk - https://tfw.wales/ ## 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-kuma6s-147489. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-147489.json.