Source: https://tendernation.io/opportunities/01a13c93-69ff-714a-a7e9-f2e14c2bde5f/r5798-banking-service

closed GB open procedure

# R5798 Banking Service

[Tower Hamlets](https://tendernation.io/buyers/tower-hamlets)

Estimated value

£175,000

Published

17 Aug 2022

Deadline

Closed

19 Sept 2022

## Who can bid

- Open procedure

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

## About this tender

Banking services for London Borough of Tower Hamlets.

To procure a cost effective banking contract which will include the operation of bank accounts, cash/cheque handling and automated payments and receipts (i.e. BACS, Faster Payments, CHAPS). â&#128;¯â&#128;¯An internet banking service (for payment initiation and balance/transaction reporting) will also be required. In recent years bank have been increasing pricing for local authority contracts so it unlikely that direct cost savings will be secured. â&#128;¯However, the procurement process will allow the Council to review banking related processes and may present the opportunity to make internal efficiency savings.

To Tender:

- Go to [procontract.due-north.com/Opportunities](https://procontract.due-north.com/Opportunities)
- Register,
- Search for tender opportunity "R5798 Banking Service",
- Express an interest,

You will be required to register on the portal to bid.

## CPV classification

Banking services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/5f0920e0-74fb-4f28-a7e5-1e2a926f758c)

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