Latest news with #NickWiles
South Wales Argus
a day ago
- Business
- South Wales Argus
Lloyds launches new cash deposit feature at 30,000 locations
The feature uses a barcode, enabling people to deposit up to £300 per day in notes and coins at local shops, up to a maximum of £600 a month. People will be able to pay money in at more than 30,000 locations which have PayPoint, "ideal if they are popping in for milk or dropping off a parcel", says the bank. Nick Wiles, chief executive of PayPoint, said the 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.' How to use new Lloyds cash deposit feature After showing the barcode, which will be scanned, and depositing the cash, the money will appear in accounts within minutes, Lloyds said. Recommended reading: The feature will be available from August 26. Customers of Lloyds and its brands Bank of Scotland and Halifax will be able to access it through the 'everyday' area in their app, generating a barcode, which remains valid for two hours. Customers can also continue using any branch of Lloyds, Halifax or Bank of Scotland for their everyday banking, or pay in cash at more than 11,500 post offices, the bank said. Gabby Collins, payments director at Lloyds, commented: '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.'
The Independent
5 days ago
- Business
- The Independent
Lloyds becomes UK's first bank to introduce £300 rule from end of this month
Lloyds customers will soon be able to use a new app feature to deposit coins and banknotes into their account at the same time as dropping off a parcel or picking up a pint of milk in stores. The feature uses a barcode, enabling people to deposit up to £300 per day in notes and coins, up to a maximum of £600 a month. People will be able to pay money in at more than 30,000 locations which have PayPoint. Nick Wiles, chief executive of PayPoint, said the 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.' After showing the barcode, which will be scanned, and depositing the cash, the money will appear in accounts within minutes, Lloyds said. The feature will be available from August 26. Customers of Lloyds and its brands Bank of Scotland and Halifax will be able to access it through the 'everyday' area in their app, generating a barcode, which remains valid for two hours. Customers can also continue using any branch of Lloyds, Halifax or Bank of Scotland for their everyday banking, or pay in cash at more than 11,500 post offices, the bank said. Gabby Collins, payments director at Lloyds, said: '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.'
Scotsman
6 days ago
- Business
- Scotsman
Lloyds Bank's new app feature lets you deposit cash at shops
Bank customers can now top up accounts in minutes at local shops 🏪 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Lloyds Bank customers can soon deposit cash while shopping or sending parcels The new feature works at over 30,000 PayPoint locations nationwide Deposits use a two-hour valid barcode generated in the mobile app Customers can pay in up to £300 per day, £600 per month, with funds appearing within minutes The move offers convenience amid branch closures and complements post office services Lloyds Bank customers will soon be able to pay cash into their account while picking up a loaf of bread or sending a parcel, with no trip to the branch required. From Tuesday, August 26, a new feature in the Lloyds mobile app will let customers deposit coins and banknotes at more than 30,000 PayPoint locations nationwide. Advertisement Hide Ad Advertisement Hide Ad That includes convenience stores, supermarkets and newsagents, many of which are open late or seven days a week. The move means you could combine your weekly shop with banking, avoiding the need to find a branch or queue at the post office. (Photo: Pexels) | Pexels How it works Using the 'everyday' section in the Lloyds, Halifax or Bank of Scotland mobile app, customers can generate a two-hour valid barcode. This is scanned in-store, before you hand over your notes and coins. You can deposit up to £300 per day, with a maximum of £600 a month. Once scanned and accepted, Lloyds says the money should appear in your account within minutes. Advertisement Hide Ad Advertisement Hide Ad Why is Lloyds doing this? Bank branches have been closing rapidly in recent years, and while Lloyds says customers can still use its own branches and over 11,500 post offices for deposits, the PayPoint tie-up adds thousands of extra locations, particularly in areas where bank branches are scarce. Gabby Collins, payments director at Lloyds, said the new feature is 'ideal if you are popping in for milk or dropping off a parcel', while Nick Wiles, chief executive of PayPoint, described it as another example of their stores offering 'essential services at the heart of communities'. What it means for your money This update won't change interest rates or account terms, but it could save you time and make cash deposits more convenient, especially if you live far from a branch or work unsociable hours. Advertisement Hide Ad Advertisement Hide Ad It's also part of a wider trend of banks teaming up with retail networks to keep cash services accessible despite the decline of in-person banking. With this change, your local corner shop might now be your quickest route to getting cash safely into your account. Are you struggling to make ends meet as costs continue to rise? You can now send your stories to us online via YourWorld at It's free to use and, once checked, your story will appear on our website and, space allowing, in our newspapers.
STV News
6 days ago
- Business
- STV News
Lloyds customers can deposit cash using app while popping to the shop
Lloyds customers will soon be able to use a new app feature to deposit coins and banknotes into their account at the same time as dropping off a parcel or picking up a pint of milk in stores. The feature uses a barcode, enabling people to deposit up to £300 per day in notes and coins, up to a maximum of £600 a month. People will be able to pay money in at more than 30,000 locations which have PayPoint. Nick Wiles, chief executive of PayPoint, said the 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.' After showing the barcode, which will be scanned, and depositing the cash, the money will appear in accounts within minutes, Lloyds said. The feature will be available from August 26. Customers of Lloyds and its brands Bank of Scotland and Halifax will be able to access it through the 'everyday' area in their app, generating a barcode, which remains valid for two hours. Customers can also continue using any branch of Lloyds, Halifax or Bank of Scotland for their everyday banking, or pay in cash at more than 11,500 post offices, the bank said. Gabby Collins, payments director at Lloyds, said: '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.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
Scotsman
6 days ago
- Business
- Scotsman
Lloyds Bank's new app feature lets you deposit cash at shops
Bank customers can now top up accounts in minutes at local shops 🏪 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Lloyds Bank customers can soon deposit cash while shopping or sending parcels The new feature works at over 30,000 PayPoint locations nationwide Deposits use a two-hour valid barcode generated in the mobile app Customers can pay in up to £300 per day, £600 per month, with funds appearing within minutes The move offers convenience amid branch closures and complements post office services Lloyds Bank customers will soon be able to pay cash into their account while picking up a loaf of bread or sending a parcel, with no trip to the branch required. From Tuesday, August 26, a new feature in the Lloyds mobile app will let customers deposit coins and banknotes at more than 30,000 PayPoint locations nationwide. Advertisement Hide Ad Advertisement Hide Ad That includes convenience stores, supermarkets and newsagents, many of which are open late or seven days a week. The move means you could combine your weekly shop with banking, avoiding the need to find a branch or queue at the post office. (Photo: Pexels) | Pexels How it works Using the 'everyday' section in the Lloyds, Halifax or Bank of Scotland mobile app, customers can generate a two-hour valid barcode. This is scanned in-store, before you hand over your notes and coins. You can deposit up to £300 per day, with a maximum of £600 a month. Once scanned and accepted, Lloyds says the money should appear in your account within minutes. Advertisement Hide Ad Advertisement Hide Ad Why is Lloyds doing this? Bank branches have been closing rapidly in recent years, and while Lloyds says customers can still use its own branches and over 11,500 post offices for deposits, the PayPoint tie-up adds thousands of extra locations, particularly in areas where bank branches are scarce. Gabby Collins, payments director at Lloyds, said the new feature is 'ideal if you are popping in for milk or dropping off a parcel', while Nick Wiles, chief executive of PayPoint, described it as another example of their stores offering 'essential services at the heart of communities'. What it means for your money This update won't change interest rates or account terms, but it could save you time and make cash deposits more convenient, especially if you live far from a branch or work unsociable hours. Advertisement Hide Ad Advertisement Hide Ad It's also part of a wider trend of banks teaming up with retail networks to keep cash services accessible despite the decline of in-person banking. With this change, your local corner shop might now be your quickest route to getting cash safely into your account.
