Lloyds Bank is set to become the first UK bank to allow customers to pay cash into their accounts while out and about, with the new feature launching on August 26 Users can generate a barcode in the Lloyds mobile app (Image: Getty Images)
Lloyds Bank is set to introduce a new feature for customers on Tuesday, August 26. This will enable customers to deposit cash into their accounts while visiting their local shops.
Users can generate a barcode in the Lloyds mobile app, which can be scanned at over 30,000 PayPoint stores to deposit notes or coins. Lloyds customers will be able to make daily deposits of up to £300, with a £600 monthly limit, while barcodes will be valid for two hours.
The bank stated that this innovative change would simplify money management for hou