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New University Bank

Lloyds Bank has been awarded the contract to provide the University’s banking services, following a successful tender earlier this year. This is in respect of the University and all of its subsidiary companies.

The University has been working hard with Lloyds to set up the new bank accounts which are now fully operational. A steady migration over to Lloyds is underway and will continue over the next few months, and all payment documentation has been updated to reflect the new account details.

As part of this change the University will no longer be issuing cheque payments, instead paying funds directly into a nominated bank account. The majority of supplier payments are already made via BACS which is a far safer method of payment with the current technologies that are available.

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