Money Transmission Services - Lot 3

H M REVENUE & CUSTOMS
Selective procedure
4 July 2025 to 3 July 2037

This contract covers overseas payment services, including regular and one-off spot foreign exchange, exotic currency transactions, and ACH network services. It facilitates the direct-to-bank model for government payments, supporting over 600 public sector organisations with incident management, reporting, and dedicated customer support for international financial operations.

Open the official notice

Awarded value: £55m; As published
Published: 30 January 2023; Contracts Finder
Awarded: 3 July 2025; NatWest Group and Citibank
Contract length: 144 months; Ends 3 July 2037

What the buyer is asking for

Provision of specialist international banking, foreign exchange, and money transmission services for government departments and public sector organisations.

Category: Banking services

Lifecycle

Publishedon Contracts Finder
30 January 2023
Contract awardedto NatWest Group and Citibank
3 July 2025
Contract starts
4 July 2025
Contract ends
3 July 2037

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See the cash management market: prices, buyers and who wins →

The buyer

Type: Other public body
Cash management contracts, 24 months: 4
Open cash management tenders: 0
Typical cash management contract: £77.3m

See everything H M REVENUE & CUSTOMS buys →

How it compares

332× the typical cash management contract (£165k).

Cite this contract

Link: https://bidskim.com/tender/246526/money-transmission-services-lot-3
Buyer reference: CW102246
Open contracting ID: ocds-b5fd17-c5fdcc70-5a22-427d-ba15-de4899a2e55b
Source: Contracts Finder
Last checked: 12 October 2026

H M REVENUE & CUSTOMS. Money Transmission Services - Lot 3. Contract award, 30 January 2023. BidSkim, https://bidskim.com/tender/246526/money-transmission-services-lot-3 (accessed 12 October 2026).