Banking Services

Tender description

The Authority tendered for a banking provider for: - Current accounts x 6 to receive income, make cheque payments and to make transfers to and from other accounts, including its account with Natwest (Government Bank Account). This will be operational accounts only with no fixed deposits or lending required. The pricing schedule shows the current annual account activity for our accounts which includes main activities of: - Banking (cash and cheques) - most of the banking are notes i.e. around 90% for banked and 99% for withdrawal) as we keep as much change as possible at main cashiering sites. We do around 10 drops per week, transported by Security Plus Limited to a local branch - See Pricing Schedule for more detail. - Direct Receipts - Manual cheques issued - two signatures are required if the cheque is for £50k or over, or the cheque is made out to "cash" - BACS payments made - Inter-account transfers Additional information: This is notice of an Awarded Contract and not a live opportunity