Mobile banking software gives businesses the convenience of confirming payments, credits and reviewing account balance and transaction history all from their mobile phones. Mobile banking software offers a flexible and secure way to keep track of important business financial information at any time and from any location.

While most mobile banking software providers allow limited activity, such as access to recent transactions and account balances, some are allowing users to transfer funds between accounts and pay bills. Mobile banking software is a popular feature offered by many major U.S. banks through leading cell phone carriers, such as Sprint, Verizon and AT&T. Consider the following tips to determine if mobile banking software is right for your business:

1. Stay connected to your bank around the clock with mobile banking software.

2. Use mobile banking software to avoid frequent trips to the bank.

3. Find mobile banking software services to meet your business needs.

Action Steps
The best contacts and resources to help you get it done

Close important, last-minute deals with mobile banking software

Have you ever needed to check bank account information quickly to close a deal, but your bank's local branch is closed and the customer service department has stopped taking calls for the day? With mobile banking software, you can easily view your account balance and track transactions 24 hours, seven days a week.

I recommend: ClairMail mobile banking software provides business owners with the benefit of secure mobile banking and account management. VeriSign offers convenient access to bank account information such as fund transfers, payments, balance and credit and debit summaries via a cell phone.

Use mobile banking software to save time

Dread those daily trips to your local bank branch to make business deposits and other transactions? Mobile banking software allows you to quickly pay bills, confirm deposits and transfer funds all from the palm of your hand.

I recommend: With mFoundry mobile banking software, you can transfer funds, pay bills, review account history and receive customizable banking alerts. The banking software application designed by Firethorn allows business owners to log in through their cell phone, PDA or computer to access banking information.

Get free or low-cost mobile banking software from your bank

Many banks offer mobile banking software downloads to customers at no charge, while others may change a nominal fee. Check with your bank to see if it provides this service and then ensure that your mobile phone carrier can support mobile banking services offered by your bank.

I recommend: Mobile banking software information and downloads from Bank of America are free for all online banking customers. Read over its frequently asked questions to get you started or take a “test drive” of its mobile banking software to see how it works. SunTrust partners with AT&T and Verizon to provide mobile banking software solutions to its customers, so you can make payments, check balances or transfer funds via your cell phone.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  One of the primary drawbacks of mobile banking software is the risk of hackers being able to assess your banking information. To enjoy the full mobile banking software list of benefits and prevent unauthorized access to your banking information, be sure to use a mobile banking software provider that offers encrypted user name and password features.