Lloyds customers can get their bank balance by text message

People who bank with Lloyds TSB will be able to find out their balance by sending a text message, the company has announced, reports The Telegraph.

The bank's "balance on demand" service, which the bank says is Britain's first, goes live today. To use it, customers text BAL and the last four digits of their current account to a special short phone number.

They then receive a text with their latest balance, as well as details of their last six transactions. The texts can be requested "whenever and wherever they are needed", Lloyds said, and are sent "instantly".

The mobile banking pack also allows customers to transfer money between accounts and set up text alerts to tell them, for example, if their balance has fallen below a certain level. However, these services need to be set up through online banking or a special application that is downloaded to the phone.

emily | 12:08 PM | SMS and Banking |
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