Bank of American has announced that it will now allow customers to access their online banking account using their mobile phone.
The company said the move would allow people to pay bills using their phones.
Bank of Arizona has a mobile banking app, which is available in Canada, the United Kingdom, and Australia.
The bank said in a statement that “we are excited to introduce the Bankmobile app for all customers to enable them to access and manage their Bank accounts online.”
Bank of California, which recently raised its price from $3.50 to $4.95 per month, also announced that users of its mobile banking account will now be able to use it on their phone.
“We’re pleased to offer our customers an easy and convenient way to manage their bank accounts online and across all of our devices, whether they’re on a desktop or laptop,” Bank of Canada CEO and president David Cunliffe said in the statement.
The news follows a slew of big bank and financial news this week, including the Bank Of America announcement that it would be allowing customers to use its online banking app on smartphones.
And it follows the announcement from the Royal Bank of Scotland that it’s making similar moves.
But Bank of England CEO Mark Carney said that, in the long term, it’s likely that people will only use their phone for bank payments.
“I think the long-term, the vast majority of people who are using phones for payments are going to use their phones for things like checking accounts,” Carney said during a speech on Thursday.
The fact that it is, I think, will allow people who may not have the mobile money and the bank money in their pocket to do so, but it will also allow people like myself to use our phones and to manage our account, and that will allow the banks to offer their services to people who otherwise wouldn’t be able.”