Think Money

How safe is mobile banking?

News   •   Nov 09, 2011 12:11 GMT

Lloyds TSB recently launched a free app allowing customers to check their balances, make transfers between Lloyds TSB accounts, pay bills and locate nearby branches and cash machines. It says the app has been downloaded more than 360,000 times in its first month - a clear sign that people welcome the speed and convenience that mobile banking can provide. 

Other bank account providers, like NatWest and First Direct, have offered their own apps for some time now - and thus far, no horror stories have emerged. 

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