General Banking Services Framework Agreement Awarded to Barclays, Lloyds, and NatWest
Awarded 14 Mar 2024
About
THE ASSOCIATION OF NORTH EAST COUNCILS LIMITED awarded a contract to Barclays Bank PLC, Lloyds Bank PLC, and National Westminster Bank PLC for a multi-supplier Framework Agreement for General Banking Services.
The framework, established in collaboration with ESPO and YPO, covers core transactional banking arrangements including bank account structures for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges, and associated interest payments.
Ancillary services include receipt accounts, rent allowance accounts, wage accounts, petty cash accounts, and treasury deposits.
The contract value is AUD 288,000,000.
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