Published date: 9 November 2021

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 10 December 2021, 12pm

Contract summary

Industry

  • Banking services - 66110000

Location of contract

United Kingdom

Value of contract

£350,000

Procurement reference

WOLVCITY001-DN580666-91345262

Published date

9 November 2021

Closing date

10 December 2021

Closing time

12pm

Contract start date

19 March 2022

Contract end date

31 March 2029

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The Council invites tenders for the provision of banking services including:

• 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification
• A group overdraft facility
• An intra day limit
• 47 imprest accounts for schools and council services
• cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre
• Consolidated and bulk cash facilities
• Automated credit and debit facilities
• Branch facilities for cheque encashment and occasional paying in
• BACS bureau and SUN sponsorship and transaction processing
• internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system

Additional Requirements:
• Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living
• 2 bank accounts with third party administration assigned to the West Midlands Pension Fund
• A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account.
• a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18
• a main header account with 75 sub accounts for customers who we have been awarded Court of Protection
•

About the buyer

Contact name

Carol Wintle

Address

Civic Centre
St Peters Square
Wolverhampton
WV1 1RL
United Kingdom

Telephone

+44 1902556556

Email

Carol.wintle@wolverhampton.gov.uk

Website

http://www.wolverhampton.gov.uk