When it comes to banking, I usually do as much as I can online, whether it be checking balances, transferring funds or paying bills. According to CNBC, some of the largest US banks like Citi will be launching mobile banking services so that customers can access their bank account info from the convenience of their cell phones. These mobile services will include all of the standard features of online banking including transfers, bill payments, etc.
I remember the day when my bank introduced debit cards and eventually online banking. I'm sure that mobile banking will be just as popular and well received as these advancements.
How many of you would consider doing your banking over your cell phones? Would you have security concerns? Leave all your comments below!