Mobile cash points to check your bank balance

UK mobile phone users could soon be able to check their bank balances using their handset in an initiative from the Link cash machine network, reports the BBC .

"MobileATM, a joint venture between computer services company Morse and Link , will start in 2005.

Users of several mobile networks, including Vodafone, will be able to activate the MobileATM service by texting a code to their bank. Two days later, they will receive an activation number in the post.

As with cash machines, they will have to use a personal identification number to check their bank balance.

Link, which is owned by 22 financial institutions, hopes the service will be successful because cash machines are used 100 million times a month for balance enquiries.

emily | 12:12 PM | SMS and Banking |
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