AIB has unveiled a new mobile banking site that allows its customers to conduct transactions through smartphones.

The 650,000 AIB customers that currently use internet banking regularly will be able to view account balances, transfer money and pay bills through their handsets.

The bank is also planning mobile apps for Android smartphones and iPhones.

“The number of smartphones in Ireland is growing at a rapid rate. Customers are demanding that all service providers evolve with this trend to provide their services in a means that is increasingly convenient to them. Banks are no different,” said AIB’s head of direct channels Robert Mulhall.

“We know that our customers are already using their smartphones to access Internet banking while on the move. This development meets the needs of our customers now and gives them the convenience of banking at a time that suits them.”