Royal Bank of Scotland introduces m-banking service

Royal Bank of Scotland introduces m-banking service

The UK's Royal Bank of Scotland (RBS) Group is launching a mobile banking service for its 13 million debit cardholders.

The new service runs on the MoniLink mobile banking network, which has been set up by Morse spin-off Monitise and VocaLink.

RBS and NatWest customers signing up to the new service will be able to access account balances and view mini-statements on their mobile handsets, as well as receive SMS balance alerts. Customers with a pre-pay mobile phone account will also be able to use the service to buy airtime.

The group plans to add new services - including payments and fund transfers between accounts - in the future. This will be available to all current and savings account holders that have a debit card.

Paul Geddes, CEO of consumer banking at RBS, says mobile phone banking will give people another easy way to access account information and even greater flexibility in managing their money at any time.

"No matter where someone is they can check the balance of their account," says Geddes. "Being able to view mini-statements will show when payments have either gone into or out of the account. This enables people to manage their accounts when and where they want, even when outside of the UK."

Alliance and Leicester (A&L) has also signed up to Monilink to provide its customers with on-the-go banking. HSBC and its subsidiary first direct also provide banking services over the MoniLink secure network.

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