General Banking Services

Description

NEPO, in collaboration with ESPO and YPO, have established a multi-supplier Framework Agreement for the provision of General Banking Services. The service will be used to deliver core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and associated interest payments. Alongside these core transactional services, the Framework Agreement includes ancillary services which sit outside the core elements of the agreement, such as receipt accounts to receive payments, rent allowance accounts for benefit payments, wage accounts for staff salary payments and petty cash accounts and treasury deposits.