Awarded contract

TfW Banking Services

Details

Buyer: Transport for Wales
Supplier(s): HSBC UK Bank Plc
Value: £1
Topic: Banking services
Published: 26 March 2026
Source: uk:find_a_tender

Tender description

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. Lot 1: 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.

Timeline

Completed: Award date5 December 2025
Completed: Award published26 March 2026
Current notice

About the buyer

Transport for Wales runs and develops the country's rail, bus and active travel networks, buying as a central body with its own procurement and supply chain team. Every tender is advertised on Sell2Wales, the Welsh government's open tendering portal, where registration is free for suppliers. Above-threshold opportunities are also published on the UK government's Find a Tender Service. A dedicated procurement portal now carries every new tender opportunity. Pipeline notices and preliminary market engagement notices give suppliers early sight of contracts still to come. Procurement decisions follow the Procurement Act 2023 and the Procurement (Wales) Regulations 2024.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Transport for Wales's contract awards have been in business services, construction work and IT services.

Relevant CPV codes

66110000 · Banking services

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@transport-for-wales.gov
Commercial Director	+44 •••• ••••••	••••••••@transport-for-wales.gov
Procurement Manager	+44 •••• ••••••	••••••••@transport-for-wales.gov
Category Lead	+44 •••• ••••••	••••••••@transport-for-wales.gov
Senior Buyer	+44 •••• ••••••	••••••••@transport-for-wales.gov
Contracts Manager	+44 •••• ••••••	••••••••@transport-for-wales.gov