Australia's NAB Introduces SMS-based Mobile Banking

Suzanne Tindal writes for ZDNet.com.au about yesterday's announcement of SMS Banking by National Australia Bank (NAB) - noting that 1,100 users signed up in the first day the service was available. NAB's service, in addition to informational, supports transactions that move funds between the user's eligible NAB accounts. "Using SMS Banking is free until 1 November, apart from the cost of the SMS. After that an account balance enquiry will cost AU$0.25, a mini-statement AU$0.25, and a funds transfer AU$0.40." The NAB has a comprehensive FAQ on SMS Banking available.