Other new mobile applications and services including a new Android™ app round out Schwab’s anytime, anywhere banking and investing approach
Schwab is also launching its first native application for Android. Mobile deposit for Android users will be available next month. Both iPhone and Android users can now transfer balances between
“We want to make it easy for clients to manage their money no matter where they are,” said
To deposit a check via their iPhone clients simply select the
Consumer interest in mobile banking and investing, according to new Schwab survey
According to a recent Schwab survey of 2,000 consumers regarding mobile banking and investing, nearly seven in ten Americans ages 18-44 showed some interest in depositing checks using a mobile phone, with convenience as the driving reason. The survey also found that 43 percent of smartphone owners have used their device for banking and investing activities and that the average frequency for these activities is nine times a month. More findings from this survey can be found here and on Schwab’s new corporate blog,
New mobile app for 401(k) plan participants
This week, Schwab also announced an app for iPhone for the more than 1.4 million participants in 401(k) plans serviced by Schwab Retirement Plan Services. Available in early June, this first app will include view-only access to 401(k) account information, including balances, year-to-date personal performance, contribution rate, a 45-day transaction history, and Schwab contact information. Schwab plans to introduce a similar 401(k) plan participant app for Android users in the next few months and there are enhancements planned for both apps in the coming year.