Customers can request up to £150 each time and receive a maximum of £500 per day.
Lloyds customers can now ask for payments from friends and family using a QR code. Link Pay helps people to request money back on purchases where people have clubbed together, such as for restaurant bills or joint gifts.
The person making the payment can be a customer of any bank, Lloyds said. Link Pay sends the request directly to the other person, with customers able to choose text message, WhatsApp or Facebook Messenger for the link - people can also personalise the request with an amount and a reference. The person making the payment does not need to set up a new payee. The link takes the sender straight to their own banking app, using technology called open banking, to make the payment without asking for any other details. Open banking allows information to be shared securely.Link Pay is available through the Lloyds mobile banking app. The bank said it will also soon be made available on Halifax and Bank of Scotland mobile banking apps, which are part of Lloyds Banking Group.
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