Money Transmission Services for Government Banking Lot 1
HM Revenue & CustomsEstimated Value
Up to £99,600,000
Deadline
Not specified
Published
12 August 2025
Type
services
Overview
His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations.
To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks. This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector.
This Lot 1 contract has been awarded for an initial term of 8 years with four 12 months possible extension options. His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people.
Key dates
- Duration
- 8 years
Additional details
Government Banking (GB) sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations (hereafter referred to as "customers"). To deliver the direct-to-bank model and facilitate payments in and out of Government, GB contracts with commercial banks.
The contracts will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector( including the National Health Service). The procurement was conducted via the Restricted Procedure.
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Award Details
CITIBANK N.A. LONDON BRANCH
£55,020,000
National Westminster Bank PLC
£166,800,000
Lloyds Bank Plc
£99,600,000
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Buyer Profile
HM Revenue & CustomsKey Dates
Published
12 August 2025
Submission deadline
Not specified
Notice type
award
Source
find a tender
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