May 01, 2012

Direct bank Ally announced it has released a mobile banking app for iPhone and Android mobile phones.

Features of the new app include the ability to check account balances, search transaction history, transfer money between Ally Bank accounts and find ATMs and cash-back locations using the phone's GPS capability. Additionally, Ally is offering a second app for non-customer Android and iPhone users, which will locate nearby ATMs and cash-back locations in the U.S. This app is available to the public and free to download at the App Store and Google Play Store, Ally said.

"We're excited to debut the first phase of Ally Mobile Banking, designed for the convenience of our customers and non-customers alike," said Diane Morais, deposits and product innovation executive, Ally Bank, in a prepared statement. "By ensuring quick and easy access to money and account information away from home, we expect Ally Bank's new apps to meet the needs of today's busy consumers."

The second phase of Ally's mobile banking offering is planned to launch later in 2012 and will feature capabilities including bill pay, eCheck Deposit, and transfers outside of Ally Bank to other financial institutions, or to friends and family by using P2P payments provider Popmoney.

[Related: Ally, USAA Top Bank Social Media Study]

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...