The obsession of many Americans with their bank balances is a positive indicator for mobile networks interested in mobile banking.

Today, AT&T has declared its official entry in this industry with the launch of its “user-friendly” mobile banking platform in partnership with SunTrust Banks Inc., Wachovia Corp., Firethorn Holdings, and CheckFree Corp.

This new platform empowers AT&T users to check their balances, account history, transfer money, and settle their bills without the hassle of visiting the bank or going online.

Later this year, this mobile app will be pre-loaded on new handsets to make it easy to find and maximize the use of this service. For current subscribers, this mobile app can be downloaded easily and is supported on about 30 million devices in the market.

The system mimics the function of a regular online banking service, so it would not be difficult for any average person to use this platform. At any rate, here are the steps:

1. You need to sign up first at their financial institution’s online banking Web site and you will get a one-time initialization code.
2. After accessing mobile banking on the AT&T handset, simply use the code to link your account to the mobile application on their device.
3. You can then create your own personal identification number (PIN) to provide secure access to the application.

Security is a major concern for online or mobile services. That’s why AT&T has emphasized that data here are all encrypted and you have the power to deactivate it quickly in case you lost your phone.

Is it free? Technically, NO. While it’s free to access the mobile banking service, you need to pay for the data usage. In case you want to try this service, I suggest you get the minimal data plan of $10 per month.

Via Fierce Mobile Content

Related Content

Subscribe to the post comments feeds or Leave a trackback