Lloyds Bank has issued a crucial update to bank customers and account holders who use its app. 

Lloyds customers can now request money from friends and family, quickly and easily, using the new Link Pay feature in the mobile banking app.

They promised that transferring through this new feature 'has never been simpler'.

Lloyds said: "Link Pay is a fast and safe way to request money back from friends and family including for things like shared purchases - like restaurant bills or joint presents.

"Using the mobile banking app, Lloyds customers can send a request straight to friends or family, no matter who they bank with in the UK.

"Link Pay gives the customer the option to create a unique secure link or a QR code, removing the need to give people personal account details.

"Link Pay sends the request to the other person, with the Lloyds customer able to choose WhatsApp, SMS, or Facebook Messenger to send the link."

The bank, which is rivalled by NatWest, Nationwide, HSBC UK, and more, said customers can personalise the payment request with amounts and references.

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Gabby Collins, Payments Director at Lloyds, said: “We want our customers to have simple, secure ways to move money at their fingertips.

"Our new Link Pay feature in our app helps them do just that. No need to dig out a sort code and account number when someone owes you money – just add the amount and what the payment is for, and we’ll handle the rest.

"It’s never been simpler to get your sibling to repay you for Dad’s birthday gift.”