For everyone who has ever wanted to transfer funds while riding the bus, Bank of America’s cell phone banking system is about to go live. From their Press Release:

Bank of America’s free mobile banking service, delivers more convenience and control to customers by providing secure access to their banking information anywhere, anytime. The bank is launching the service in Tennessee beginning in March and will roll mobile banking out to markets across the country through mid-year.

BOA claims to have some sort of special encryption action going on, and they claim that 85% of cell phone users have the capability to access their new service. The service is open to those of you who have Verizon Wireless, Sprint-Nextel, Cingular and T-Mobile, and works on a variety of phones. Are you into this? Sort of freaks us out to tell you the truth, but we have an anti-cell phone bias.—MEGHANN MARCO

Bank of America Introduces Leading-Edge Mobile Banking for More Than 21 Million Online Banking Customers (Press Release) [PRNewswire]

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