Award of Money Transmission Services (Lot 1) to Lloyds Bank PLC by HMRC
H M REVENUE & CUSTOMS · Awarded contract
AwardedAward of Money Transmission Services (Lot 1) to Lloyds Bank PLC by HMRC
Awarded 27 Jul 2025
Awarded27 Jul 2025
Value£99,600,000.00
SupplierLLOYDS BANK PLC
AgencyH M REVENUE & CUSTOMS
RegionUnited Kingdom
CategoryFinance & Insurance
Expires in 10y 9mo12y term, 11% elapsed
Awarded 27 July 2025Expires 26 July 2037
About
H M Revenue & Customs awarded a contract to Lloyds Bank PLC for money transmission services under Lot 1.
The contract supports HMRC's Government Banking function, which provides banking services to over 600 public sector organisations and facilitates payments in and out of Government through a direct-to-bank model.
The contract is enabled for use by Government departments, executive agencies, non-departmental bodies, and the wider public sector.
It has an initial term of 8 years with four possible 12-month extension options, and a contract value of £99,600,000.
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$166,800,000
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Award of Money Transmission Services (Lot 1) to Lloyds Bank PLC by HMRC
Won by LLOYDS BANK PLC · H M REVENUE & CUSTOMS
£99.6Mawarded
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South Ayrshire Council — Provision of Banking and Merchant Services (Lot 1: Banking, Lot 2: Merchant)Finance & Insurance · Closes 26 Nov 2026
HMRC Cryptoasset Investigation Services — Tracing Licences, Forensic Support, APIs and TrainingPublic Safety & Security · Closes 9 Nov 2026
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Key requirementsFrom 12 documents
Who can bidRegistered commercial cleaners
Mandatory criteriaPolice checks for staff on site
How it is scoredPrice 40%, experience 35%, method 25%
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