# Banking Services

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [London Borough of Lambeth](/buyers/london-borough-of-lambeth/contract-awards)
- Published: 22 July 2020
- Planned start: 1 April 2021
- Planned end: 31 March 2026
- Stage: open_tender
- Procurement category: services
- Notice ID: 486ca7bd-0b55-44d3-a034-4eccc835cd60-371938
- OCID: ocds-b5fd17-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa

## Description

The Council requires a bank to provide a corporate banking service to manage the £2\.2 billion funds that it receives and the estimated £1\.2 billion that it pays out on an annual basis\. The service must be capable of meeting the requirements of all divisional directorates across the Council, including a number of Lambeth schools\. The service must be capable of safeguarding the Council's financial assets, deliver ethical banking, whilst delivering value for money\. The Council seeks to award a Banking Services Contract to commence on the 1 April 2021 for an anticipated term of 5 years to 31 March 2026 with the option to extend a further 2 years up to 31 March 2028\.

## Related contract awards

- [Provision of infrastructure and capacity building for voluntary & community sectors](/contracts/ocds-b5fd17-60a3f062-a796-4a5c-ae68-1ab735328f40): London Borough of Lambeth
- [Ferndale Leisure Centre Mini Golf Course](/contracts/ocds-b5fd17-378934f9-3951-4de9-a40b-bee8e7bec835): London Borough of Lambeth
- [Brixton Recreation Centre Ten Pin Bowling Lane](/contracts/ocds-b5fd17-f13c4f5e-c995-4bea-ba56-5346e6136a2c): London Borough of Lambeth

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/486ca7bd-0b55-44d3-a034-4eccc835cd60-371938)