TfW Banking Services

Transport for Wales

Published: Mar 26, 2026

Updated: Jun 22, 2026

Source: uk_fts

This tender has been awarded

Awarded to HSBC UK BANK PLC — £1

Browse open Finance & Banking tenders in United Kingdom

About This Opportunity

finance & banking services contract awarded in United Kingdom: TfW Banking Services. By Transport for Wales. Awarded to HSBC UK BANK PLC (GBP 1, Dec 2025).

This is a services contract in the finance and banking sector, with a focus on Insurance. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums.

Published through UK FTS - Find a Tender Service, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.

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.

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.

Data provenance

This notice is sourced from UK FTS - Find a Tender Service and was originally published on March 26, 2026. Last refreshed 4 days ago. Reference: 027846-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About Transport for Wales

Transport for Wales has issued 83 procurement notices on BidsFactory, including 11 currently open and 58 awarded contracts. Activity concentrates in Transport & Logistics, Information & Communication Technology, and Governance & Public Administration. All notices are published for United Kingdom. Notices are distributed via UK FTS - Find a Tender Service and Sell2Wales. Most recent publication: June 24, 2026.

Frequently asked questions about this tender

How can I submit a bid?

Visit UK FTS - Find a Tender Service to access the full notice, required documents, and submission instructions. Quote reference 027846-2026 when communicating with the contracting authority.

Is this tender still open?

No — the contract has already been awarded to HSBC UK BANK PLC. The award notice is archived on BidsFactory for transparency and market intelligence.

Who is the contracting authority?

This notice was issued by Transport for Wales in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

How much was the contract awarded for?

HSBC UK BANK PLC was awarded the contract for £1. The figure reflects the value disclosed by the contracting authority in the award notice.

Where will the contract be performed?

The contract is for delivery in United Kingdom. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.