Banks Want to Turn Your Pocket Into a Profit Center

If you have a smartphone, odds are you have your financial institution's app installed alongside your music, pictures, and Twitter. From mega banks like Citigroup to regional players like U.S. Bancorp and Regions Financial , financial institutions are experimenting with methods to leverage the mobile banking experience into higher profits.

In the video below, Motley Fool contributor Jay Jenkins explores the two primary strategies banks are implementing to monetize the mobile bank in your pocket. 

Want to get in on the smartphone phenomenon? Truth be told, one company sits at the crossroads of smartphone technology as we know it. It's not your typical household name either. In fact, you've probably never even heard of it! But it stands to reap massive profits NO MATTER WHO ultimately wins the smartphone war. To find out what it is, click here to access the "One Stock You Must Buy Before the iPhone-Android War Escalates Any Further..."

The article Banks Want to Turn Your Pocket Into a Profit Center originally appeared on Fool.com.

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool owns shares of Citigroup. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Asset Allocation

Learn the most important step in structuring an investment portfolio.

View Course »

Socially Responsible Investing

Invest in companies with a conscience.

View Course »

Add a Comment

*0 / 3000 Character Maximum