Banking services for current account management

Summary

The Independent Authority for Fiscal Responsibility (AIReF) is procuring banking services to open and manage four current accounts: for direct payments, fixed cash advances, payments made against supporting documentation, and staff salaries and remuneration. The accounts will support the authority’s routine financial operations; estimated 2027 payment volumes are €7.3 million for staff remuneration, €3.5 million in direct payments, €175,000 for fixed cash advances and €25,000 for payments against supporting documentation. The contract is not divided into lots, has an initial term of 12 months with a possible 12-month extension, and an initial budget of €15,000.