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PROCUREMENT OPPORTUNITY

TfW Banking Services

Transport for Wales · award, contract

Tender information last checkedLast checked 3 Oct 2026, 11:36.

Opportunity overview

We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

HSBC UK BANK PLC

Matched by exact name
Contract value
£1
Awarded
Not supplied
Contract signed
5 Dec 2025
Award ID
027846-2026-C001144.00-1
Status
active
Location
Cardiff, UKG31, CF10 5BT, United Kingdom

Classification

  • CPV66110000 — Banking services

Lots

  • We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services – to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.Value not stated

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
C001144.00
Status
complete
Main Procurement Category
services
Procurement Method
open
Procurement Method Details
Open procedure

Legal basis

Id
32014L0024
Scheme
CELEX

Classification

Scheme
CPV
Id
66110000
Description
Banking services

Covered By

GPA

Lots and requirements

Entry 1
Id
1
Description
We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services – to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.
Has Options
Yes
Status
cancelled

Award criteria

Criteria

Criterion 1
Name
Quality
Type
quality
Description
80
Criterion 2
Type
price
Description
20

Options

Description
The volumes of services may change during the life of the contract.

Items and delivery

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
66110000
Description
Banking services

Delivery locations

Entry 1
Region
UKL

Buyer, suppliers and contacts

Organisation 1
Name
Transport for Wales
Id
GB-FTS-4225

Identifier

Legal Name
Transport for Wales

Address

Street Address
3 Llys Cadwyn, Taff Street
Locality
Pontypridd
Region
UKL
Postal Code
CF37 4TH
Country Name
United Kingdom

Contact

Telephone
+44 2921673434

Roles

buyer
centralPurchasingBody

Details

Classifications

Entry 1
Scheme
TED_CA_TYPE
Id
BODY_PUBLIC
Description
Body governed by public law
Entry 2
Scheme
COFOG
Description
Public Transport
Organisation 2
Name
HSBC UK BANK PLC
Id
GB-FTS-178573

Identifier

Legal Name
HSBC UK BANK PLC

Address

Street Address
5th Floor, 5 Callaghan Square
Locality
Cardiff
Region
UKG31
Postal Code
CF10 5BT
Country Name
United Kingdom

Contact

Telephone
+44 7785778618

Roles

supplier

Details

Scale
large
Organisation 3
Name
High Court
Id
GB-FTS-111

Identifier

Legal Name
High Court

Address

Street Address
Royal Courts of Justice, The Strand
Locality
London
Postal Code
WC2A 2LL
Country Name
United Kingdom

Contact

Telephone
+44 2079477501

Roles

reviewBody

Award information

Award 1
Id
027846-2026-C001144.00-1
Status
active

Related lots

1

Suppliers

Supplier 1
Id
GB-FTS-178573
Name
HSBC UK BANK PLC

Contracts and changes

Entry 1
Id
027846-2026-C001144.00-1
Award ID
027846-2026-C001144.00-1
Status
active
Date Signed
5 Dec 2025, 00:00

Value

Amount
1
Currency
GBP

Recorded locations

  • Buyer location · Pontypridd · UKL · CF37 4TH · United Kingdom
  • Delivery location · UKL

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. 027846-2026award, contract ·