CWC21109 Corporate Banking

Concepts

• wolverhampton
• finance and insurance
• yoo recruit
• third party administration
• west midlands pension fund
• bank accounts
• bank account statement export
• bank account
• online banking
• corporate banking

Location

West Midlands England:

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

Total Quantity or Scope

• 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

Renewal Options

To be reviewed at the end of the initial term of 60 months

Award Criteria

CPV Codes

• 66000000 - Financial and insurance services

Indicators

• This is a recurring contract.
• Renewals are available.
• Professional qualifications are sought.
• Technical restrictions apply.

Other Information

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