Provision of Banking Services to London Borough of Southwark
Awarded 30 Sep 2025
About
London Borough of Southwark awarded a contract to National Westminster Bank for banking services supporting the council's financial operations.
The contract covers the continued provision of a main bank account, subsidiary collection and sweep accounts, and specified school accounts, as well as court of protection bank accounts to support the council's safeguarding role.
It delivers core transactional banking arrangements, including account structures for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, and access to ancillary services such as system files for receipting income.
The contract was awarded as a call-off from the General Banking Services Framework NEPO 0531, with a value of £640,000.
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