Alliance & Leicester launches on-the-go banking

Wed, 20 Aug 2008

Mobile phones could help people keep track of their finances, following a new initiative by Alliance and Leicester .

Customers of the bank can now sign up to its text alerts service, enabling them to receive messages when their current account balances reach a certain level.

They will also be able to access up-to-the-minute balances and mini statements while they are on the go.

According to the bank, it launched this scheme following research which suggested a quarter of UK adults pay little attention to budgeting and feel they do not have time to check their finances regularly enough.

Ian Tandy, director of e-commerce at Alliance and Leicester said: "Today's modern lifestyle is fast-paced, and it seems that no-one goes anywhere or does anything without their mobile phone .

"People can now find out that their wages have gone in, or easily check that they have enough money to cover their proposed weekend activities."

In related news, Michelle Meyer, a spokesperson for the Association of Payment Clearing Services, recently explained that internet banking gives people an accurate snapshot of where their account stands.
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