FirstCaribbean launches mobile text banking

a successful pilot in Barbados, FirstCaribbean International Bank’s new, free,
mobile banking service is now available to customers in Cayman.

of FirstCaribbean can now do their banking via SMS text messaging and
immediately receive their account information via return SMS text.

can request their account balance, request the last five transactions that
occurred during the past 30 days, transfer funds between their accounts, set up
weekly account balance alerts and set up threshold alerts.  For example, they can set an alert to come to
them if their account balance falls below a certain amount or if it goes above
a certain amount.

chief marketing officer, Peter Steenveld, noted that the new service means the
bank’s customers can now do their banking anywhere and at any time, using any
phone that can send or receive text messages.

signing up for FirstCaribbean Mobile Banking can access up to six of their
checking or savings accounts, and is available to customers of any mobile phone
service provider. SMS charges will be the same as what any customer would pay
for their cellular service provider for text messages.

security measures are in place to protect customers’ financial information and
details. Text messages will only be sent to the mobile phone number that is
registered with the bank by the customer, who must verify his/her identity at
the time of registration. Account details or any financial information will not
be sent to any third party. Account numbers are never sent to the mobile phone.