000974 RFI Banking Services

Tender description

The scope of the RFI is General Banking Services. This includes (but is not limited to) the following services and features: • Payment accounts – Used for outgoing payments, for example, creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and interest payable, etc. • Receipt accounts – Used for incoming transactions, for example, bank giro credits, standing orders, CHAPS, BACS, faster payments and unpaid direct debits and cheques, other amounts paid-in and income from card transactions, etc. • Other ancillary bank accounts – Used for other outgoing payments, for example, wage accounts from which staff salaries are paid by BACS, petty cash accounts and treasury deposit accounts • Foreign currency bank accounts – Used for payments and receipts in Euro, US$ and Yen. • Cash banking facilities • Electronic banking facilities - Providing the following functions: o Comprehensive real time balance and transaction data. o Electronic money transmission such as CHAPS. o Reconciliation data on the accounts. • Financial Protection and Remedies • Integration with IT Systems • Account and Relationship Managers • Account Information, Guidance and Assistance • Cash Management and Credit Interest Arrangements