Mobile milestone for Bank of America

Over 10 million Bank of America customers are now using mobile banking. This represents growth of nearly three million active users over the last 12 months.

Its mobile banking customers have the ability to check account balances, transfer funds, pay bills and find the closest ATM. “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,” says Aditya Bhasin, consumer marketing and online and mobile executive. “It is much more than simply checking balances, they’re actively managing their banking accounts.”

Recently, Javelin Strategy & Research named Bank of America’s service among the top three tablet banking apps across all financial institutions, with the company’s Kindle Fire app earning the highest marks. It lays claim to being the first financial institution to launch an app for Apple, BlackBerry and Android devices and the only bank that has deployed a tablet specific app for all three platforms.

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