# Banking Services

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [London Borough of Barnet](/buyers/london-borough-of-barnet/contract-awards)
- Published: 15 October 2021
- Planned start: 1 April 2022
- Planned end: 31 March 2027
- Stage: open_tender
- Procurement category: services
- Notice ID: db82a31f-bc1a-472c-86fc-f5fbac5bdbf6-477386
- OCID: ocds-b5fd17-49dc2f2d-7310-46ca-985d-d210fc8550bf

## Description

London Borough of Barnet requires a comprehensive money transmission banking service involving maintenance of numerous bank accounts\(including accounts for schools\), handling of paper, BACS/Faster Payment and CHAPS clearing, cash processing and other activities associated with local authority banking business\. Credit facilities \(i\.e\. overdraft facility, BACS limits, settlement risk limits\) will also be required\. The Council will require an internet banking service for balance/transaction reporting and payment initiation\.The Council require a five year contract with extension option of 2 years\.

## Related contract awards

- [Support and Maintenance of Mosaic Case Management System](/contracts/ocds-b5fd17-15048a77-2062-4486-9e3e-deb537dce87e): London Borough of Barnet
- [GB-London: Provision of Construction Supply Chain Support Project \(Phase 4\)](/contracts/ocds-b5fd17-d6121c46-6191-49d5-9391-6079a0d0f36a): London Borough of Barnet
- [GB-London: A5 Corridor Study - awarded via further competition, ESPO Framework Agreement 664\_21 Consultancy Services](/contracts/ocds-b5fd17-be15008b-949a-441b-85da-1991869eeb9b): London Borough of Barnet

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/db82a31f-bc1a-472c-86fc-f5fbac5bdbf6-477386)