Barclays urges people to use mobile banking to keep track of their current account interest rates

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Barclays urges people to use mobile banking to keep track of their current account interest rates

Fri 17th Sep 2010

If people are keen to keep an eye on what is happening to their bank balance remotely, they could try mobile banking, according to Barclays.

Sean Gilchrist, digital banking director at the organisation, suggested it can be easier for individuals to keep track of what is happening to their finances by being able to access the information on the move.

He accepted that mobile banking is a "relatively new" process, but claimed its popularity is growing at a "phenomenal" rate.

"Being in control of your money starts with knowing how much you've got and where it is being spent," said Mr Gilchrist.

His comments followed the publication of research by Barclays, which showed that nearly three-quarters of adults overestimate their bank balance, with Londoners believing they have an extra £91.62 on average.

This month, the same firm claimed many small enterprises in the UK are using smartphones to carry out a variety of business procedures, such as creating invoices and dealing with correspondence.

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