Natwest app update

SnowTiger

Natwest have updated their app for Android devices.

https://play.google.com/store/apps/details?id=com.rbs.mobile.android.natwest:

With this updated version of NatWest Mobile Banking, managing your money on the move is even easier.

NEW FEATURE

‘Pay your contacts’ gets even better. You can now also send money to anyone who has a valid UK Visa card just using their UK mobile number.

I'm guessing this is all part of what seems to be the move towards a cashless society.

This service is free at the moment. Perhaps the intention is to cream off a small portion of every transaction by introducing charges at some point in the (distant) future.

Having said that, I suppose banks would save a lot of money if they didn't have to deal with cash.

Perhaps, like public telephones, cash machines (and cash?) will one day become obsolete.

SnowTiger

It uses this Visa service: http://www.visa.co.uk/en/products/visa_personal_payments.aspx.

I needed to move a small amount for money from one account to another, so I've given it a go.

Transfers take up to two days.

The transfer is direct and instant to other Natwest accounts.