Bank of America completes m-banking roll out

Source: Bank of America

Bank of America, the nation's leader in online banking, today completed the rollout of its secure Mobile Banking service - enabling more than 20 million Online Banking customers to manage their personal finances 'on the go'.

Consumers across the country now can use their cell phones and smartphones to check account balances, pay bills and transfer money.

"Mobile banking extends the convenience and control of online banking to anywhere our customers are," said Sanjay Gupta, e-Commerce executive for Bank of America. "If you own a cell phone with mobile Internet access, you are connected to your finances anytime, anywhere. We're pleased to continue to set the standard for introducing industry-leading financial tools for customers."

Bank of America began rolling out Mobile Banking service to consumers in March and now is providing the service to more than 20 million online customers across the country. Using the Web browser built into most current cell phones or smartphones, consumers can:
  • Check balances on their checking, savings and credit card accounts, as well as mortgages and home equity lines held with Bank of America.
  • Pay their bills and e-bills.
  • Transfer money between accounts and to other Bank of America customers.
  • View transactions for checking and savings accounts, mortgages and home equity lines, including posted and pending transactions.

"We've created a pocket-sized bank that can be taken anywhere," Gupta added. "Now consumers can check their balances while shopping or pay their bills while commuting to work."

Mobile banking from Bank of America is secure. Customers are protected with the bank's SiteKey security service, as well as its Zero Liability Online Banking Guarantee. To help protect customer information, the bank has developed a unique end-to-end security feature that ensures information remains encrypted when sent between the mobile phone and the bank.

Bank of America is the first bank to provide its mobile banking service to more than 20 million online customers across the country through a wide range of carriers and devices. The Web-based service is accessible via most major carriers that have mobile Internet access and requires no downloading of software. More than 85 percent of the 200 million mobile phone subscribers in the U.S. currently have the capability to access mobile Internet through their cell phones. Customers will also be able to use a wide variety of mobile phones and devices, including Motorola, Samsung, Nokia and LG handsets or popular smartphones, such as Palm Treo, RIM Blackberry or Motorola Q.

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