Money: Ask your mobile how much money you have

THE HI-TECH INVESTOR

MOBILE text messaging has been a solution looking for a problem since it arrived just over five years ago. Text messaging is unobtrusive and cheap, but only a minority of mobile phone customers use it.

Text messaging is now taking on a new lease of life as a way for people to communicate with their banks. This weekend, First Direct is launching a service that lets customers have information about their accounts sent to a Cellnet mobile phone.

The service sends customers the balance of two selected accounts twice a week, and details of their most recent transactions. The First Direct service is free for six months, and costs pounds 2.50 a month after that. This is a flat fee, and subscribers can request as many updates as they wish.

Over the next few months, the service will add extra functions, such as alerting users when a specific transaction takes place. This could be useful for anyone who is waiting for a payment to go out of an account or is expecting money to come in.

The Co-operative Bank operates a similar service for Vodafone subscribers. The Co-op's service has been around longer, and has more features, including mini-statements, balances, ordering a paper statement and checking Co-operative Bank Visa accounts.

www.firstdirect.co.uk

www.co-operativebank.-co.uk/mobilephone.html

Net profits

Internet stocks are the current hot ticket, and Framlington, the fund manager, has published a guide to investing in this market.

Framlington operates the Net Net fund, one of the first UK-based collective investments to focus specifically on the internet and related industries. Funds in this sector are already popular in North America; Framlington's Net Net fund is available here as a unit trust or with a tax-free ISA wrapper.

For a copy of the free guide e-mail Framlington at info@framlington.co.uk

www.framlington-netnet.com

Stephen Pritchard can be contacted at: hi-tech-investor

@dial.pipex.com

PROMOTED VIDEO
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Training/Learning and Development Coordinator -London

£28000 - £32000 per annum: Ashdown Group: Training/Learning and Development Co...

Training Programme Manager (Learning and Development)-London

£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...

.NET Software Developer (.NET, C#, ASP.NET, front-end)

£30000 - £45000 per annum: Harrington Starr: A Global Financial Service Organi...

C# Web developer (C#,MVC,ASP.NET,SQL)

£30000 - £40000 per annum + Bonus+Benefits+Package: Harrington Starr: C# Web d...

Day In a Page

A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on
It's the best of British art... but not all is on display

It's the best of British art... but not all is on display

Voted for by the British public, the artworks on Art Everywhere posters may be the only place where they can be seen
Critic claims 'I was the inspiration for Blanche DuBois'

Critic claims 'I was the inspiration for Blanche DuBois'

Blanche Marvin reveals how Tennessee Williams used her name and an off-the-cuff remark to create an iconic character
Sometimes it's hard to be a literary novelist

Sometimes it's hard to be a literary novelist

Websites offering your ebooks for nothing is only the latest disrespect the modern writer is subjected to, says DJ Taylor
Edinburgh Fringe 2014: The comedy highlights, from Bridget Christie to Jack Dee

Edinburgh Fringe 2014

The comedy highlights, from Bridget Christie to Jack Dee
Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

The woman stepping down as chair of the Heritage Lottery Fund is worried