Award of Money Transmission Services Lot 2 to National Westminster Bank
H M REVENUE & CUSTOMS · Awarded contract
AwardedAward of Money Transmission Services Lot 2 to National Westminster Bank
Awarded 18 Jun 2025
Awarded18 Jun 2025
Value£166,800,000.00
SupplierNATIONAL WESTMINSTER BANK PLC
AgencyH M REVENUE & CUSTOMS
RegionUnited Kingdom
CategoryFinance & Insurance
Expires in 10y 8mo12y term, 12% elapsed
Awarded 18 June 2025Expires 17 June 2037
About
H M Revenue & Customs awarded a contract to National Westminster Bank PLC for money transmission services under Lot 2, supporting Government Banking's direct-to-bank model for payments in and out of Government.
The contract, valued at £166,800,000, has an initial term of 8 years with four possible 12-month extensions.
It will be available to over 600 organisations across government departments, executive agencies, non-departmental bodies, and the wider public sector, including the National Health Service.
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Other similar contracts12
Contract and supplierAwarded value
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 3) to Citibank for HMRC Government BankingFinance & InsuranceCITIBANK N.A. LONDON BRANCH
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Award of Government Banking Money Transmission Services to CitibankFinance & InsuranceCitibank N.A., London Branch
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Award of Government Banking Money Transmission Services to Barclays Bank PLCFinance & InsuranceBarclays Bank PLC
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Award of Banking Services Contract to Royal Bank of Scotland for UK Government Banking ServiceFinance & InsuranceThe Royal Bank of Scotland PLC
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Award of GBS Money Transmission Services Lot 2 to Royal Bank of ScotlandFinance & InsuranceRoyal Bank of Scotland
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Award of Banking Services Contract to National Westminster Bank plc by Supply HertfordshireFinance & InsuranceNational Westminster Bank plc
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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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Provision of General Banking and Money Transmission Services to Leicestershire County CouncilFinance & InsuranceNational Westminster Bank Plc
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Banking Services Contract Awarded to National Westminster Bank by Mole Valley District CouncilFinance & InsuranceNATIONAL WESTMINSTER BANK PLC
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Provision of Banking Services to Dorset CouncilFinance & InsuranceNational Westminster Bank plc
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Award of Money Transmission Services Lot 2 to National Westminster Bank
Won by NATIONAL WESTMINSTER BANK PLC · H M REVENUE & CUSTOMS
£166.8Mawarded
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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
Pan-Government Agreement for Income Generation from Estates, Assets and Intellectual PropertyMiscellaneous · Closes 14 Sep 2028
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Who can bidRegistered commercial cleaners
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