# Banking Services

> A sourced UK public-sector contract award published by London Borough of Southwark.

## Key facts

- Public buyer: [London Borough of Southwark](/buyers/london-borough-of-southwark/contract-awards)
- Contract winner: [National Westminster Bank](/contract-winners/national-westminster-bank/public-sector-contract-awards)
- Award value: £640,000
- Tender value: £640,000
- Award date: 24 September 2025
- Published: 29 September 2025
- Contract start: 1 October 2025
- Contract end: 30 September 2030
- Stage: awarded
- Procurement category: services
- Notice ID: 6fb8455b-4510-4f0b-95b5-0395ccba9211-865869
- OCID: ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103

## Description

This contract is for banking services which will support the financial operations of the council via the continued provision of a main bank account, subsidiary collection and sweep accounts, and specified school accounts\. It will also support the council's safeguarding role with the provision of court of protection bank accounts\. The contract will deliver core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, and the access to ancillary services such as system files for receipting income\. It is a call-off from General Banking Services Framework NEPO 0531\.

## Related contract awards

- [Office Supplies and IT Consumables](/contracts/ocds-b5fd17-8a704cf2-8010-42ae-a93b-e8bbaaaeeb04): London Borough of Southwark
- [Cycle Training Services](/contracts/ocds-b5fd17-725a2693-bd9b-4e2c-89c8-9b807c5ad4c2): London Borough of Southwark
- [Strategic Options Appraisal](/contracts/ocds-b5fd17-b1e148e0-0230-4d98-ad15-1c3452e7024d): London Borough of Southwark
- [Contract for General Banking Services](/contracts/ocds-b5fd17-024ce753-c27f-4789-b38f-079c314a07fa): Herefordshire Council
- [Procurement of Banking Services - AWARD](/contracts/ocds-b5fd17-1e91aa7f-6f64-493b-9260-9262b36da8a6): Milton Keynes Council
- [Request for Quote for Cumbria Local Government Pension Scheme Banking Services](/contracts/ocds-b5fd17-c57a2981-ba06-4c38-ae57-7c100a48ff56): Cumbria County Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/6fb8455b-4510-4f0b-95b5-0395ccba9211-865869)