Lloyds customers are set to have access to a secure way to pay in cash at over 30,000 PayPoint locations, using a ‘barcode cash deposit’ app feature.
Available from 26th August, the feature gives customers a simple and convenient way to pay in up to £300 a day in notes and coins (up to a maximum of £600 a month) and the money will show in their 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.
Customers will be able to go to the ‘Everyday’ area in their app, to generate a barcode, which will remain valid for two hours. 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.
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 now 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.”
