CUA offers banking by SMS

Account holders at Credit Union Australia will be able to check their account balances and receive transaction alerts by mobile phone text message under a mobile banking service launched by the credit union. Customers can access account information any time of the day by sending an SMS request which the credit union says will prompt an immediate reply. Up to five account balances can be received in one SMS reply. Customers can also sign up for six SMS alerts to inform them of transaction activity such as when their pay arrives or withdrawals are made. The service will cost 25 cents for each SMS reply received, plus the cost of the text message request which will depend on their mobile provider.