Source: https://tendernation.io/opportunities/01a13b89-e390-71d0-86c1-1ed3f70621e0/banking-services

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closedGBopen procedure

# Banking Services

[London Borough of Barnet](https://tendernation.io/buyers/london-borough-of-barnet)

Estimated value

£367,500

Published

15 Oct 2021

Deadline

Closed

15 Nov 2021

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

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.

## CPV classification

Banking services

Source

Contracts Finder (UK)

[View official notice ](https://www.contractsfinder.service.gov.uk/notice/49dc2f2d-7310-46ca-985d-d210fc8550bf)

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[Buyer profileLondon Borough of Barnet: past awards and live tenders](https://tendernation.io/buyers/london-borough-of-barnet)[SectorMore Financial &amp; insurance services tenders](https://tendernation.io/sectors/financial-insurance-services)

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