Citibank has taken the wraps off Citi Mobile, a mobile banking app the financial institution claims is compatible with more than 100 mobile phones ? including BlackBerry devices - across major U.S. mobile operators. The app will let users check their bank balance in real-time, pay bills, transfer funds and find a nearby ATM. Citi Mobile is scheduled to launch in California this week and a nationwide rollout is slated for mid-year. Later this year, a Spanish language version of Citi Mobile will also be released.
After users install the app on their phones they can select the Citi icon on their phone to access their accounts. Citibank employs 128-bit encryption and can also deactivate the banking service immediately when a mobile device is lost or stolen, preventing personal information stored on the phone from falling into the wrong hands.