A few key features of Mobile Wallet:

• Check an account balance
• View account transaction history
• View rewards information
• Transfer funds between accounts
• Access current US Bank offers

To find a list of phones that Mobile Wallet is currently compatible with, click here. Additional phones are being added weekly.

This looks to be a great move for U.S. Bank as it propels them into a leading and innovator role in mobile banking. The only downfall right now is the lack of being able to locate branch locations via Mobile Wallet. It’s clear that mobile banking is the leading trend in banking. Financial institutions looking to capture and sustain additional market share will be forced to enter the mobile space. Banking on the go is the way of the future, those who are proven leaders will see increased growth, while those who are late to the space of fail to adopt will likely see continued stress.

For additional information, please visit U.S. Bank’s Mobile Wallet site at www.usbank.com/mobile.

*Disclosure – I’m a current U.S. Bank employee, however, I do not work in their mobile or innovation department. I had no contact or knowledge of Mobile Wallet prior to it’s public launch. These views are my own and are not of U.S. Bank or their mobile banking department.