RFP QuestBeta
Awarded · ResultStage · contract

London Borough of Southwark

Banking Services

Financial ServicesCPV 66100000
Value£640k
Awarded24 Sept 2025
Published29 Sept 2025
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£640ktotal contract value
median £150k
this tender£0£4.7m

This sits in the upper-middle of the Financial & Insurance Services band — a substantial contract for the sector. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

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.

Key requirements

What the supplier must deliver

01

This contract is for banking services

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.

02

It will also support the council's safeguarding

It will also support the council's safeguarding role with the provision of court of protection bank accounts.

03

The contract will deliver core transactional banking

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.

Derived from the notice text — always confirm against the original documents.

Buyer intelligence

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Source & provenance
OCID
6fb8455b-4510-4f0b-95b5-0395ccba9211
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
SOUTHWARK-DN791691-62184743
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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