Lloyds and PayPoint super-charge customer choice for cash deposits, as new 'barcode cash deposit' app feature launches
Lloyds is the first major UK bank to launch a mobile app feature which allows cash to be paid in at over 30,000 convenient locations nationwide, using a simple barcode.
· New app feature gives customers a new secure way to pay in cash at over 30,000 PayPoint locations, using new ‘barcode cash deposit’
· The feature gives customers a simple and convenient way to pay in up to £300 a day in notes and coins
·Money shows in account within minutes
·99.5% of people live within one mile of a PayPoint location and customers can find their nearest in the Lloyds app or on the PayPoint website
· Lloyds customers canalso continue use any branch of Lloyds, Halifax or Bank of Scotland for their everyday banking, or pay in cash at over 11,500 Post Offices
Available from 26th August, customers can go into the ‘Everyday’ area in their app, to generate a barcode. This can then be scanned at over 30,000 PayPoint locations across the UK, with over 94% of PayPoint sites open seven days a week.
Customers will be able to pay in up to £300 per day in notes and coins, up to a maximum of £600 a month, with the barcode valid for two hours.
How do PayPoint locations work?
With 99.5% of people living within a mile of a PayPoint store, they provide a simple and convenient way to take care of many everyday errands. From returning or collecting parcels, to paying bills, buying gift cards or topping up a mobile phone, PayPoint makes it easy to get things done in one place, across a wide range of locations nationwide.
Customers can find their nearest PayPoint location using the Lloyds app or on the PayPoint website.
What other options do Lloyds customers have for paying in cash?
Customers can continue to:
- Use branches of Lloyds, Halifax and Bank of Scotland to pay in cash quickly and easily
- Use Lloyds cash in and out machines located across the country – search for a location here.
·Visit a Banking Hub, available nationwide, which has counter services run by the Post Office.
·Use 11,500 Post Offices across the UK to do their everyday banking, including paying in or withdrawing cash.
Gabby Collins, Payments Director at Lloyds, said: “We’re always looking for smart ways to make banking more flexible and give customers more choice. Our latest app feature now allows customers to pay in cash at their local PayPoint in just a few minutes – ideal if they are popping in for milk or dropping off a parcel. With this new innovation, no other UK bank offers as many ways to manage money as Lloyds.”
Nick Wiles, CEO, PayPoint, said: “Our leading retail network provides a vast range of essential services at the heart of communities across the UK, for everything from banking, utility, parcel, cash and government services. The ability of Lloyds customers to make cash deposits into their accounts at over 30,000 PayPoint locations will deliver more convenience and access for customers close to where they live.”
What can customers do on the Lloyds app?
PayPoint barcode cash deposit is the latest payment feature to be introduced in the Lloyds app.
The app makes everyday banking on the go easy - customers can access a range of features including card controls, subscription management and checking credit health, with the app using the latest tech to keep customers and their money safe.