Bank of America released an update to its Bank of America Mobile Bank app this week, with added capabilities and several new features for users to make payments and apply for auto loans via their mobile devices. The updated app aims to make it faster and easier for consumers to open a new account, and features competitive auto loan rates, access to funding within 24 hours, a quicker loan application process, and access to preferred auto dealers:
The app also allows auto consumers to view the details of their existing auto loan, including payments and due dates, account balance, and schedule payments from their smartphones:
BofA mobile banking users increased to 18.7 million in 4Q15, which is up 13% from the same time a year prior, Chief Financial Officer Paul Donofrio said during the bank’s earnings call Tuesday.
