Bank of America (BOA) announced that it now has 500,000 active mobile banking users six months after launching the service nationwide. A report from TowerGroup claims that Bank of America's mobile user base is bigger than that of all the other U.S. banks combined. In March the bank launched the service, which allows users to check their balances, pay their bills, transfer money between accounts and access directions to ATMs and banking centers. BOA has 23 million active online customers.
For more on Bank of America's mobile growth:
- read this press release