HM REVENUE & CUSTOMS · Awarded contract
Awarded

Award of Banking Services Contract to Royal Bank of Scotland for UK Government Banking Service

Awarded 24 Mar 2015

View live tenders
Awarded24 Mar 2015
Value£5,000,000.00
SupplierThe Royal Bank of Scotland PLC
AgencyHM REVENUE & CUSTOMS
RegionUnited Kingdom
CategoryFinance & Insurance
Ended 4y 8mo ago7y term
Awarded 24 Mar 2015Expired 24 Mar 2022

About

HM Revenue & Customs awarded a contract to The Royal Bank of Scotland PLC for money transmission services under the Government Banking Service framework.

The contract, valued at £5,000,000, supports the Government Banking Service's core purposes: holding HM Government working balances at the Bank of England, facilitating cost-effective direct-to-bank money transmission for public sector customers, and ensuring timely reporting to HM Treasury to improve cash management and reduce borrowing costs.

The pan-government framework agreement is available to UK public sector bodies and requires partners to provide flexible, sustainable solutions supporting the 'digital by default' agenda and adaptation to changing payment technologies.

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Other similar contracts12

Award of Government Banking Money Transmission Services to Barclays Bank PLCFinance & InsuranceBarclays Bank PLC
$5,500,000
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$715,000
Award of Banking Services Framework Agreement to Royal Bank of ScotlandFinance & InsuranceThe Royal Bank of scotland
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Award of Money Transmission Services (Lot 1) to Lloyds Bank PLC by HMRCFinance & InsuranceLLOYDS BANK PLC
$99,600,000
Award of Money Transmission Services Lot 2 to National Westminster BankFinance & InsuranceNATIONAL WESTMINSTER BANK PLC
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Award of Money Transmission Services (Lot 3) to Citibank for HMRC Government BankingFinance & InsuranceCITIBANK N.A. LONDON BRANCH
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Merchant Acquiring Services for Government Banking ServiceFinance & InsuranceWORLDPAY (UK) LIMITED
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Merchant Acquiring Services for UK Government BankingFinance & InsuranceWORLDPAY (UK) LIMITED
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Award of General Banking Services to Royal Bank of Scotland plc by Torbay CouncilFinance & InsuranceRoyal Bank of Scotland plc
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Provision of Banking Services to the Scottish Social Services CouncilFinance & InsuranceTheb Royal Bank of Scotland
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Suppliers similar to The Royal Bank of Scotland PLC8

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