Competition with a shortlist
Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.
Key facts
- Buyer
- H M Revenue & Customs · Ministry or any other national or federal authority, including their regional or local subdivisions
- Supplier
- Citibank N.A. London Branch
- Value
- £110,040,000 across 2 lots
- Procedure
- Restricted procedure (above threshold)
- Sector
- Financial & insurance services · Banking services (CPV 66110000)
- Region
- London
- Official notice
- View on Contracts Finder
- Timeline
-
- Contract date3 Jul 2025
- Published31 Jul 2025Published 28 days after the contract date
Description
His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations. To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks. This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector. This Lot 3 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.
Lots in this award
| Lot | Supplier | Value |
|---|---|---|
| Money Transmission Services - Lot 3 | Citibank N.A. London Branch | £55m |
| Money Transmission Services - Lot 3 | Citibank N.A. London Branch | £55m |
About the supplier
Citibank N.A. London Branch: every public contract they have won, plus their Companies House record (company BR001018).