Text message banking for businesses

HSBC has announced the launch of a text message banking service for businesses - the service enabling 'on demand' 24 hour secure access to account information, including mini-statements and balance enquiries through their mobile phone.

The new service complements the bank's business internet banking and telephone banking operations, giving customers access via SMS to account information on up to five accounts including: weekly or monthly mini-statements showing the balance and last five transactions.

Also on offer is an instant alert message system that can be set up to alert the customer to: account balance fluctuations when the balance falls below, or rises above, a certain amount, set by the customer; credits received to the account that are above a certain amount, again set by the customer and payments made from the account.

Registration for text message banking is free of charge, via telephone banking, and customers can receive one weekly or monthly mini-statement for free.

Additional statements and personal alerts are charged at a flat fee of £2.50 per month.

24 August 2007 © Moneyextra.com

BUSINESS FINANCE - BANKING

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