Halifax has implemented a specific cash deposit threshold for all its account holders in the UK, allowing up to £2,995 to be deposited via self-service machines at their branches. This rule aims to streamline the process for customers, especially since banks have reduced staff availability and resources. Self-service machines enable customers to deposit cash directly without waiting in line, but they are limited to a maximum sum, facilitating quicker transactions for smaller amounts.

For larger cash deposits exceeding the £2,995 limit, account holders must approach bank staff at the counter. This alternative ensures customers can still deposit any amount they wish, though it requires additional time and possibly longer wait times compared to using self-service options. The bank encourages customers to familiarize themselves with these limits to avoid any inconvenience during their transactions.

Overall, this measure reflects an ongoing trend in the banking industry towards automating services while imposing necessary limits to maintain security and manage cash flow effectively. As banks continue to adapt to changing customer needs and operational challenges, these types of rules will likely remain essential for maintaining efficiency in service delivery.