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Lloyds Launches App Barcode Cash Deposits, a First for a Major UK Bank

The service lets customers pay cash into accounts at PayPoint locations using a two-hour barcode generated in the app.

Overview

  • The feature is live for Lloyds, Halifax and Bank of Scotland customers in the apps' Everyday section.
  • Deposits are limited to £300 per day with a £600 monthly cap.
  • Barcodes expire after two hours and can be scanned at more than 30,000 PayPoint stores.
  • PayPoint says over 94% of its sites open seven days a week and 99.5% of people live within a mile of one.
  • Traditional cash options remain available, including branches, Lloyds cash machines, Banking Hubs run with the Post Office and 11,500 Post Offices.