Money Transmission Services - Lot 1

H M REVENUE & CUSTOMS · awarded 25 July 2025

£99.6m Award value £99,600,000
1 Supplier Recorded as a large business
27 Jul 2037 Runs until from 28 Jul 2025

Who

BuyerH M REVENUE & CUSTOMS LONDON
Supplier LLOYDS BANK PLC
Categoryservices
ClassificationBanking services CPV 66110000
Notice published12 August 2025

What it is for

His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations. To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks. This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector. This Lot 1 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.

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Other contracts from this buyer

381 awards on file, worth £7.2bn.

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Other contracts won by this supplier

18 awards on file, worth £105.2m.

Everything LLOYDS BANK PLC has won →