A 5-year full banking contract, with the option of a 2-year extension which would be at discretion of the Council. The service required includes the maintenance of bank accounts, cash and cheque handling, bacs transaction processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance and transaction reporting and payment initiation.

A 5-year full banking contract, with the option of a 2-year extension which would be at discretion of the Council. The service required includes the maintenance of bank accounts, cash and cheque handling, bacs transaction processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance and transaction reporting and payment initiation.