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Lloyds Bank has unveiled a pioneering feature in UK banking which is set to be implemented this month. ‌

Lloyds is the first major bank in the country to offer a mobile app feature that allows money to be deposited using a barcode, at over 30,000 convenient locations. ‌

Customers can now generate a barcode in the 'Everyday' section of their app which can then be scanned at more than 30,000 PayPoint locations nationwide, with 94% of PayPoint sites open seven days a week. ‌

Account holders now have the ability to deposit up to £300 per day in notes and coins. A monthly limit of £600 has been set and the barcode will remain valid for two hours.

With 99.5% of the population living within a mile of a PayPoint store, they provide a convenient way to carry out many ever

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