Contract award · 26 Feb 2025

Provision of Banking Services

Rotherham Metropolitan Borough Council awarded “Provision of Banking Services” to Lloyds Bank Plc for £500k on 26 Feb 2025.

Financial & insurance servicesYorkshire and the Humber

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
Rotherham Metropolitan Borough Council · Regional or local authority
Value
£500,000
Procedure
Open procedure
Sector
Financial & insurance services · Banking services (CPV 66110000)
Timeline
  1. Contract date26 Feb 2025
  2. Published15 Apr 2025Published 48 days after the contract date

Description

Rotherham Metropolitan Borough Council’s current banking contract is due to expire on 30th September 2023. Tenders are invited for the provision of banking services to include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS and Faster Payments processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance/transaction reporting and payment initiation.

About the supplier

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