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The Council requires a money transmission banking service to include the maintenance of bank accounts, Faster Payments, BACS and CHAPS transaction processing and other services associated with local authority banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.
The Council is aiming to eliminate cash and cheque handling from its banking arrangements from the start of this contract. It is however possible that cash and cheques will still be deposited in the early stages of the contract although it is anticipated that volumes/values will be minimal.
Please see the service specification document included in the tender pack for further details of this procurement.
The contract will be for an initial period of 5 years with the option to extend for a further 2 years. The contract will commence on 3rd April 2023.
No supplier information available.