Lloyds set to restore cheque deposits at Post Offices after campaign backed by Devon County Council.
Lloyds Banking Group has agreed to restore cheque deposit services at Post Offices and Banking Hubs, in a major U-turn welcomed by Devon County Council.
The decision follows months of pressure from MPs, councils and industry groups after Lloyds became the only major UK bank to stop customers paying in cheques at Post Office counters.
Earlier this year, our councillors raised concerns that the move would hit rural communities hardest.
Councillor Cheryl Cottle-Hunkin, Cabinet Member for Rural Affairs, wrote to the Prime Minister and Lloyds Banking Group warning that the loss of cheque deposit facilities would increase financial exclusion and create difficulties for older people, small businesses, farmers and residents without reliable digital access.
Lloyds Banking Group has now confirmed that it wants cheque deposits to be accepted again at Post Office branches and Banking Hubs until the end of 2030, subject to a commercial agreement with the Post Office.
When the original decision was announced, Councillor Cottle-Hunkin warned that removing cheque deposit facilities risked deepening financial exclusion in a county where more than half the population lives in rural areas. She described Post Offices as a lifeline for many communities affected by the loss of bank branches.
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