If you’re a California Bank & Trust customer and can’t live without your mobile phone then you’re in luck. The bank recently announced plans to introduce a new service called CBT Mobile Banking, which will give its customers the ability to bank on the go.

Using the new service, customers already banking online can use their Android or BlackBerry devices to check their account balances, transactions, and pending payments around the clock. The service also allows California Bank customers with these devices to set up money transfers between CB&T accounts, and pay bills.

California Bank also said it would roll out a mobile app and allow for mobile web browser access through its new mobile website, which you can access by clicking here.

“The relationships our bankers have with our customers is and will continue to be integral to the culture of CB&T,” says Steve Borg, senior vice president and corporate marketing director at California Bank & Trust. “Mobile banking is an extension of customer service and it gives our customers another way to stay connected and access their accounts anywhere, at any time.”

Other banks to introduce mobile banking apps this month include Capital One, Union First Market Bank and FirstMerit Bank.

Mobile Banking Picks Up Steam, But Not Without Risks: 

A recent study by financial services consulting firm Mercatus LLC indicated that those between the nation’s youngest adult consumers—those between the ages of 18 to be exact—had tripled their usage of mobile banking services between 2008 and 2009 from 7 percent to 21 percent. The use of such technologies by those aged 65 and remained steady at 3 percent during that same period in contrast. Overall, consumers in all age brackets upped their use of mobile banking technologies from 7 percent to 11 percent between those years.

Also check out: Youngest Consumers Up Use of Mobile Banking, Mobile Payment Platforms

If you one of the slew of American consumers that banks using your mobile device or plans to in the future, then proceed with caution. A July study from digital forensics and security firm viaForensics showed sensitive data was stored insecurely in 25 percent of mobile financial apps.

Learn: Security Risks Found in 25% of Mobile Financial Apps



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