Bank of America has slowly and steadily become a major force to be reckoned with in mobile banking.
More customers, the financial titan said Thursday, now choose Bank of America to bank on-the-go more than any other bank.
Over 10 million Bank of America customers are now using mobile banking, representing growth of nearly 3 million active users over the last 12 months.
New technologies are changing consumers’ lives and are rapidly shaping what they want from their bank. Consumers expect flexibility and want to be connected and in control of their money. Bank of America’s mobile banking customers have the ability to check account balances, transfer funds, pay bills and find the closest ATM, all from their mobile device.
“Increasingly, our customers are choosing to manage their finances with us in the digital space. We are seeing an average of over $1 billion in transactions weekly through mobile banking,” said Aditya Bhasin, Consumer Marketing and Online and Mobile executive. “It is much more than simply checking balances, they’re actively managing their banking accounts.”
If you aren’t familiar with BOA’s mobile timeline, Bank of America was actually among the first to launch mobile banking and continues to lead the industry in developing new capabilities to meet customer demand for new mobile technologies.