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Contract awardedFind a TenderCash management

Government Banking - Money Transmission Services

Provision of overseas payment services, including regular and one-off spot foreign exchange, exotic currency transactions, ACH network services, and FX advisory services. The service must be delivered by a direct participant of the SWIFT network, ensuring secure and resilient payment processing for over 600 public sector organisations.

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Awarded value
£99.6m
As published
Published
20 March 2024
Find a Tender
Awarded
28 July 2025
NatWest Group, Lloyds Banking Group and Citibank
Contract length
144 months
Ends 18 June 2037

What the buyer is asking for

Provision of specialist money transmission and international banking services for UK government departments and the wider public sector.

Lifecycle

  1. Publishedon Find a Tender
  2. Contract awardedto NatWest Group, Lloyds Banking Group and Citibank
  3. Contract starts
  4. Contract ends

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The buyer

Type
Other public body
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Typical cash management contract
£77.3m

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How it compares

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

Cite this contract

Link
https://bidskim.com/tender/830174/government-banking-money-transmission-services
Buyer reference
CW102246
Source
Find a Tender
Last checked
12 October 2026

H M REVENUE & CUSTOMS. Government Banking - Money Transmission Services. Contract award, 20 March 2024. BidSkim, https://bidskim.com/tender/830174/government-banking-money-transmission-services (accessed 12 October 2026).