Posts filed under 'Banking'
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According to my hometown paper, Latin American immigrants can transfer money back home using their mobile phone. What separates this service is that the person receiving the money in Colombia or Mexico, for example, can pick up the cash from a local Western Union office or agent.
An arrangement between Western Union, Radio Shack, and MVNO Trumpet Mobile have made it possible.
Here is the summary from the article:
Under the plan, a customer could buy a Trumpet Mobile phone, which costs $29.99 at Radio Shack. The user can load the phone with money through Western Union. To send money to a relative Nicaragua, for example, a customer would specify the amount and the recipient over the phone. The money would then be debited from the customer’s account and routed to a local agent in Nicaragua, who would dispense the money to the relative.
Read more about the mobile money transfer service here.
April 2nd, 2008
Back in June, we talked about Bank of America’s mobile website. Of course, we have to give love to other banks too. So today we take a gander at Wachovia Bank’s mobile website.
Launched in March of this year, the current version is the first of several phases of Wachovia’s mobile services. Afgter logging in using their existing User ID and password to access Wachovia Mobile, users can perform the following functions:
- Find a Wachovia banking location based on zip code
- View and monitor account activity
- Check current account balances
- Transfer funds between Wachovia accounts
Not bad for the first phase.
Mobile Website:
http://www.wachovia.com/mobile
Note: Wachovia Mobile is a trademark of Wachovia Corporation.
October 23rd, 2007
With your cell phone, of course.
If you have relatives in Mexico, Brazil, or anywhere else in Central or South America, it’s quite simple to send them money using your mobile phone. And all for much cheaper that the traditional wire services such as Western Union.
First, sign up for PayPal (aff) if you haven’t already. Paypal, which is now owned by eBay, is used by thousands of people every day to make purchases online, and to send money to friends and family.
PayPal offer two ways to send money. One is through text messaging, and the other is through filling out the appropriate forms on the mobile web.
To transfer money via a text message, send the text message to 729725 (PAYPAL). Include the amount and the recipient’s phone number or email in the subject of your message. PayPal then either calls or text messages you back to confirm the transfer. Even if your friend’s phone is not activated for PayPal Mobile, they will provide instructions on how to activate it.
To send money from the mobile web, simply visit www.paypal.com (aff) from your mobile browser and complete the form to transfer money.
Mobile Website:
www.paypal.com
August 17th, 2007
Bank of America expanded its mobile banking capabilities as it began promoting its mobile banking site to online customers this week.
The mobile site, www.bofa.mobi, allows Bank of America customers to access all their BofA accounts from their mobile phone. Now users can pay bills, check balances, transfer funds, or find the nearest BofA ATM on the go.
The image above includes screenshots from the BankofAmerica.com site. One feature the mobile site does not include (yet) is the ability to transfer money outside Bank of America.
This is certainly not the first mobile banking service from Bank of America, but it does illustrate the increased focus on mobile banking sites versus simple text messaging alerts. If you already use Bank of America, and your cell phone plan includes web access, give it a try and let us know how you like it.
June 4th, 2007
