From the end of August 2025, everyday banking gets simpler for millions of UK customers as Lloyds Banking Group introduces app powered cash deposits at PayPoint locations. By linking coins and notes deposits to a quick barcode generated in the mobile app, Lloyds, Halifax, and Bank of Scotland customers can top up balances while running errands, without a special trip to a branch or Post Office.
| Rollout and Limits | Key Details |
|---|---|
| Launch date | 26 August 2025 |
| Who can use it | Lloyds, Halifax, Bank of Scotland customers |
| Daily limit | £300 per day |
| Monthly limit | £600 per month |
| Network coverage | 30,000+ PayPoint stores across the UK |
| Deposit types | Coins and notes |
| Credit speed | Funds visible within minutes |
| Alternative channels | Branches and 11,500+ Post Offices remain available |
What The New £300 Rule Means For Customers
Beginning 26 August 2025, eligible customers can deposit up to £300 per day via PayPoint counters, capped at £600 per month, bringing branch grade functionality to high street convenience stores. This cap balances speed, security, and network capacity while covering the majority of routine cash needs for households and sole traders who prefer to budget with notes and coins.
How The App Barcode Deposit Works From Start To Finish
The process is designed to be quick and intuitive. Customers log in to their mobile banking app, visit the everyday section, and create a one time barcode that stays valid for two hours. Presenting this code at a participating PayPoint, along with the cash, is all that is required. The till scans the barcode, accepts the deposit, and the balance usually updates within minutes, creating a near real time experience.
Why PayPoint’s Network Unlocks Everyday Banking Access
With more than 30,000 sites embedded in local communities, PayPoint outlets are where people already shop, top up, and collect parcels. Integrating cash deposits into these familiar locations widens access, shortens travel time, and makes small top ups simpler for customers in both rural and urban areas. The partnership also aligns with broader efforts to keep cash services available where bank branches have reduced.
Other Ways To Pay In Cash Still Available
The PayPoint deposit option complements, rather than replaces, existing routes. Customers can continue to pay in cash at Lloyds, Halifax, or Bank of Scotland branches where available, and at more than 11,500 Post Offices nationwide. The combination of these channels supports different preferences, from face to face counter service to app led convenience.
Why This Update Matters For Cash Users And Budgeters
Cash remains important for many people who budget weekly or manage small purchases with physical money. Bringing deposits into local shops helps those with limited transport, irregular work schedules, or mobility constraints. For micro businesses and side hustles that take cash, the ability to bank takings during normal errands can streamline end of day routines.
Security, Speed, And The Two Hour Barcode Window
Time limited barcodes add a layer of security, ensuring each code is used promptly and only once. Scanning at the till links the deposit to the correct account without sharing card details. Because deposits typically credit within minutes, customers can verify the new balance before leaving the store, supporting peace of mind and better cash flow visibility.
What To Check Before You Head To A PayPoint
Confirm the latest version of the mobile app is installed and functioning, and ensure the account is eligible for PayPoint deposits. Bring clean, sortable notes and coins to help speed counter service. Check the nearest participating PayPoint’s opening hours, and generate the barcode close to arrival so the two hour validity easily covers the transaction.
Who Will Benefit Most From The New Limits
Households managing weekly budgets, students handling rent shares in cash, carers making regular small top ups, and sole traders with modest daily takings stand to benefit. The £300 daily and £600 monthly limits are sized for routine deposits rather than large cash holdings, aligning the feature with everyday needs rather than bulk banking.
If A Deposit Does Not Show Immediately
Most deposits post within minutes, but processing times can vary. If the credit is not visible after a short interval, refresh the app and check transaction history. Keep the PayPoint receipt until the balance updates. If needed, contact customer support with the receipt reference so the deposit can be traced and confirmed.
A Small Change With A Large Convenience Payoff
By meeting customers where they already are, Lloyds’ PayPoint deposits bring a practical upgrade to cash handling. The combination of app generated barcodes, thousands of community locations, and rapid posting times turns a traditional branch task into a quick stop during everyday errands, making cash friendlier in a digital banking world.