CWC21109 Corporate Banking

The Council invites tenders for the provision of banking services including:

• 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification

• A group overdraft facility

• An intra day limit

• 47 imprest accounts for schools and council services

• cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre

• Consolidated and bulk cash facilities

• Automated credit and debit facilities

• Branch facilities for cheque encashment and occasional paying in

• BACS bureau and SUN sponsorship and transaction processing

• internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system

Additional Requirements:

• Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living

• 2 bank accounts with third party administration assigned to the West Midlands Pension Fund

• A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account.

• a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18

• a main header account with 75 sub accounts for customers who we have been awarded Court of Protection

•

Tender Documents

• Opportunity notice on Contracts Finder → — Tender notice