Bank of America launches mobile banking service

Bank of America launched the Mobile Banking service to enable its customers to manage their personal finances on the go. The new BOA’s new service gives users an ability to check balances on their accounts, mortgages and home equity lines, pay bills, and transfer money between accounts and to other customers of the bank. One of the key issues with mobile banking is security, and Bank Of America promises highly secured environment for all mobile transactions — customers are protected with the bank’s SiteKey security service, as well as its Zero Liability Online Banking Guarantee.

To access Mobile Banking, customers simply go to the Web browser on their mobile phone and enter www.bofa.mobi. Once on the site, customers enter their Online Banking ID and passcode to access their accounts.