CHARLOTTE, NC – North Carolina Bank and Trust (NCBT) will introduce mobile banking for its customers on September 1.
Mobile banking is a free service that allows customers to have 24-hour access to their account from a mobile device. Mobile banking allows consumers to monitor account balances and view transactions. Customers can also transfer funds and make loan payments, as well as find locations and directions for all NCBT locations.
"Consumers today are more conscious of the costs and want to do their banking in the most convenient and efficient manner possible," said Robin Lyle, president and chief executive officer for NCBT. "Mobile banking allows customers to access their accounts anytime and anywhere."
Over the past 10 years, banks have seen more and more customers move into online banking products. In 2001, only 32.5% of families did their banking online. In 2008, the number of households using the Internet had grown to 75% and is projected to increase to 76% by the end of 2009. The Federal Reserve Board's recent Survey of Consumer Finances showed that 59.7% of all families use the Internet for financial information or financial services. When broken down by age group, the percentage was even higher.
Age of Head of Household Percentage of Family Less than 35 71.9% 35-44 70.8 45-54 69.1 55-64 59.1 65-74 40.3 75 or more 16.5
This growing trend among consumers to do their banking electronically prompted NCBT to evaluate their services and determine ways to better meet the changing needs of their customers. Additional information about NCBT's mobile banking service can be found on www.NCBTonline.com.
Serving the financial needs of the Charlotte market since 1998, North Carolina Bank and Trust (NCBT) is a division of SCBT, N.A., a subsidiary of SCBT Financial Corporation. Named in Forbes as one of the Top 100 Most Trustworthy Companies in the U.S., SCBT Financial Corporation has assets of approximately $2.8 billion and its stock is traded under the symbol SCBT in the NASDAQ Global Select Market. More information can be found at http://www.ncbtonline.com/.
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