Money Transmission Services for Government Banking
His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking (GB) sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations (hereafter referred to as "customers"). To deliver the direct-to-bank model and facilitate payments in and out of Government, GB contracts with commer...
Buyer
HM Revenue & Customs
Value
£334,000,000
Published
12 Aug 2025
Closes
19 Apr 2024
Procurement details
Source
Find a Tender
Region
Westminster
Procurement method
Selective
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
66110000
Banking services
66170000
Financial consultancy, financial transaction processing and clearing-house services
66180000
Foreign exchange services
66600000
Treasury services
Lots
Lot 1 House Bank A
£99,000,000
His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking (GB) sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 orga...
Delivery: United Kingdom
Lot 2 House Bank B
£166,000,000
Lot 2 - "House Bank B" covers general banking services, including Bacs, CHAPS, Faster Payments, Local Banking, Cheques and Spot FX. GB is seeking long term arrangements for MTS which are resilient, secure and able to move with industry changes. The following, non-exhaustive, list of banking services are in scope: • Account Provision; • Electronic Banking; •...
Delivery: United Kingdom
Lot 3 Overseas Payments
£69,000,000
Lot 3 - "Overseas Payments" covers regular and one-off Spot FX not covered by Lots 1 and 2 (i.e., Exotics), ACH network services and FX advisory services. Additional information: This requirement will be met by an eSourcing RFP using HMRC SAP Ariba. Please ensure you are registered with the HMRC SAP Ariba to gain access to the RfP documentation which will co...
Delivery: United Kingdom
Documents
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Contains public sector information licensed under the Open Government Licence v3.0.