# Contract for Banking Services

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Welland Procurement Unit](/buyers/welland-procurement-unit/contract-awards)
- Contract winner: [Lloyds Bank](/contract-winners/lloyds-bank/public-sector-contract-awards)
- Award value: £28,000
- Tender value: £91,000
- Award date: 4 September 2017
- Published: 5 February 2018
- Contract start: 1 April 2018
- Contract end: 31 March 2024
- Stage: awarded
- Procurement category: services
- Notice ID: 084604b3-3734-4272-b07c-fe1634533882-196004
- OCID: ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d

## Description

Banking services\. Rutland County Council requires a money transmission banking service to include the maintenance of bank accounts, cash and cheque handling, 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 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 1 April 2018\.

## Related contract awards

- [BaDC-1558 Warm Homes for Social Housing for Bassetlaw District Council](/contracts/ocds-b5fd17-18a06d69-df1e-4b4a-8b7d-996b270e47ec): Welland Procurement Unit
- [Light Touch Dynamic Purchasing System for the Provision of Homecare services to Rutland County Council](/contracts/ocds-b5fd17-b30e6960-08c2-49e4-a67f-6a43f5247f62): Welland Procurement Unit
- [NSDC-1499 Asbestos Surveys & Analytical Services](/contracts/ocds-b5fd17-1688daac-be30-4cfd-ae8b-f426338a5578): Welland Procurement Unit
- [Corporate Banking](/contracts/ocds-b5fd17-030f4761-338c-4699-8efa-59e14ec0ee1f): Ipswich Borough Council
- [Procurement Card Contract](/contracts/ocds-b5fd17-42d74e8a-d48c-4430-be99-af4ed9af865a): Lincolnshire County Council
- [ESPH589 WDC Merchant Card Services](/contracts/ocds-b5fd17-c953b740-9583-4e7b-b289-c0bc6a32f444): Wealden District Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/084604b3-3734-4272-b07c-fe1634533882-196004)