Overview
- The withdrawal covers Lloyds Bank, Halifax and Bank of Scotland and was reported to have taken effect last month, affecting about 28 million customers.
- Customers are directed to mobile cheque deposit in the app, which accepts cheques up to £10,000 each and £10,000 per day, or to a new freepost option processed after receipt in around two working days.
- Cash withdrawals and deposits remain available at Post Office branches and banking hubs, with Lloyds citing very low use of Post Office cheque pay‑ins and its renewed commitment to the Banking Framework.
- Lloyds Banking Group has scheduled 95 further branch closures between May this year and March 2027, on top of sites already set to shut.
- Which? counts 1,470 Lloyds‑group closures over the past decade, while roughly 250 banking hubs exist with plans toward 350, a rollout critics say cannot fully replace branches as the FCA requires impact assessments for closures.