# CWC21109 Corporate Banking

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Wolverhampton City Council](/buyers/wolverhampton-city-council/contract-awards)
- Tender value: £350,000
- Published: 9 November 2021
- Planned start: 19 March 2022
- Planned end: 31 March 2029
- Stage: open_tender
- Procurement category: services
- Notice ID: 2a7e450b-ba92-45ce-9b8d-c07c56bd8420-483910
- OCID: ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16

## Description

The Council invites tenders for the provision of banking services including: • 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification • A group overdraft facility • An intra day limit • 47 imprest accounts for schools and council services • cash \(including loose cash\) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre • Consolidated and bulk cash facilities • Automated credit and debit facilities • Branch facilities for cheque encashment and occasional paying in • BACS bureau and SUN sponsorship and transaction processing • internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system Additional Requirements: • Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living • 2 bank accounts with third party administration assigned to the West Midlands Pension Fund • A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique \(additional\) bank account with a full import of transactions in the bank file mentioned at 1\.1 this account would also need to sweep to the main current account\. • a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18 • a main header account with 75 sub accounts for customers who we have been awarded Court of Protection •

## Related contract awards

- [CWC26063 - BCT A4168 Priory Road OBC](/contracts/ocds-b5fd17-578eba77-3adc-4eb2-9d35-fb7a884f611f): Wolverhampton City Council
- [CWC23084 Task 11 - Meredith Road](/contracts/ocds-b5fd17-fc185b5e-92b1-46cf-89c3-ac1df2b3cbb1): Wolverhampton City Council
- [CWC26149 - BCT A461 FBC](/contracts/ocds-b5fd17-7598ba41-51b4-419a-8ddf-f306685777e3): Wolverhampton City Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/2a7e450b-ba92-45ce-9b8d-c07c56bd8420-483910)