Contract award · 18 Jun 2025

Money Transmission Services - Lot 2

H M Revenue & Customs awarded “Money Transmission Services - Lot 2” to National Westminster Bank plc for £63m on 18 Jun 2025.

Financial & insurance servicesNorth West

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
Value
£63,000,000
Procedure
Restricted procedure (above threshold)
Sector
Financial & insurance services · Banking services (CPV 66110000)
Timeline
  1. Contract date18 Jun 2025
  2. Published17 Jul 2025Published 29 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 650 organisations (hereafter referred to as "customers"). To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks.

About the supplier

Other awards in the same procurement

Call-offs and awards published under the same process (for example a framework or dynamic purchasing system).

Date Contract Supplier Value
3 Jul 2025 Citibank N.A. London Branch £55m

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