Lloyds, Halifax and Bank of Scotland to AXE ‘vital’ service for millions of customers this year [Video]

LLOYDS Banking Group is axing a lifeline service used by thousands of its customers every day.

Millions of current account holders frequently turn to their local Post Office for essential banking tasks, such as depositing cash into their accounts or paying in cheques.

It comes after thousands of bank branches have closed over the past few years, meaning the Post Office has become a vital way of accessing everyday banking.

However, customers of Lloyds Bank, Halifax and Bank of Scotland will soon lose the ability to deposit their cheques at any of the 11,500 Post Office branches nationwide.

From December 31 this year, Lloyds Banking Group will withdraw this service for all customers.

This means customers will need to travel further afield to visit their nearest bank branch or rely on mobile banking to deposit their cheques.

Consumer rightsexpert Martyn James said: “Being able to deposit cheques simply …