Are you banking on your smartphone yet? If not, research suggests it’s only a matter of time – especially if you’re a young adult carrying an iPhone or Android phone. The global mobile banking industry is expected to reach 1.1 billion customers by 2015.
Many major banks, including Bank of America, Citibank, ING, Wells Fargo and Chase, have free mobile apps that allow customers to check bank balances, make payments and find their bank’s nearest ATM on-the-go. In fact 75% of the country’s major banks are offering mobile apps, report byCorporate Insight.