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Your Mobile ATM Is At Hand

When you think of mobile ATMs, you may imagine machines that arrive on a truck such as those made by Canadian Automated Bank Machines Inc. (CABM).  It certainly is nice to have such a facility close at hand, just when you need it. However you can imagine the security concerns that such a handy ATM creates.  Whatever arrived on a truck can clearly disappear on a truck as well.

Of course banking nowadays is not really about physical coins or paper money.  It is all really a branch of information technology (IT).  What is needed is therefore an IT solution.  Just send a few bytes (encrypted) from A to B and the job is done. Lo and behold, RBC Royal Bank is now providing that with Mobile Banking: Online Banking on your Mobile Phone.

As they explain in a message to customers with RBC® Mobile Banking+ you can now access Online Banking through your web-enabled mobile phone. Simply enter www.rbc.mobi using your mobile web browser and login using your Online Banking login and password.

You’ll have instant access to many of the features available in Online Banking. With RBC Mobile Banking you can:

• Check your account balances
• View your recent transactions
• Pay bills
• Transfer funds between accounts in Canadian and U.S. dollars

There are no extra fees for this service, at least from the Royal Bank. However I doubt that your wireless service provider will be equally accommodating.

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Technorati Tags: ATM, Automated teller machine, cell phone, Mobile, RBC, Royal Bank of Canada

This entry was posted on Wednesday, October 29th, 2008 at 4:14 pm and is filed under Mobile. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

7 Responses to “Your Mobile ATM Is At Hand”

1. Darren Moloney Says:
   October 30th, 2008 at 8:54 am

   I look forward to the day I can use my cell phone as a mobile credit card – chossing whichever one I want to use – so I can quit carrying around my chunky wallet…

2. wilhb81 Says:
   November 1st, 2008 at 6:04 am

   I heard that this stuff is only available in the U.S and Canada currently.

   Well, I hoped this excellent service will be spreading to all around the world in the near future, as it will bring endless benefits than disadvantages to the users!

3. The Wizhard Says:
   November 11th, 2008 at 7:24 am

   Interesting point well made.

   Maybe it’s already past the mobile phone stage.

   The most logical step in the evolution of finance is credits. This would work by working a set amount of hours and getting credited for that work accordingly. So you could use your mobile a swipe card or fingerprint and eye recognition to spend your credits.

   This might lead to the end of banks as we know them though.

   What do you think.

4. Found on the Mobile Web 47 | Wap Review Says:
   December 17th, 2008 at 9:38 pm

   [...] RBC (rbc.mobi) Canada’s largest bank, Royal Banking Corporation or RBC for short, has over 1500 branches in 46 countries.  The mobile web site lets you check balances, view recent transactions, pay bills and transfer funds. Source: StayGoLinks [...]

5. ngân hàng Says:
   January 22nd, 2009 at 10:44 am

   This cool service will grow quicky.
   Most people got a mobile.

6. Stephen Says:
   May 2nd, 2009 at 6:28 pm

   Here in the caribbean,i have Royal bank online banking. I use AOL to convert the pc site for use on my mobile. I was thanking God to see rbc.mobi, however it does not yet accept my caribbean client card number.

   Sent from my mobile using FeedM8

7. Tom Says:
   May 8th, 2009 at 11:27 am

   Nice development, carn’t wait to see it in use