Ally Bank mobile app to be released in March 2012

Ally Bank has been promising that they would be releasing a mobile app for quite some time now. The first mention of app development was in September of 2011. Ally again released more information on in October. But the hype that Ally Bank has put forth looks like it will fall short of expectations.

Looking through Ally Bank's Straight Talk blog, I found that the app will be very rudimentary. The mobile app will not be able to do very much more than view your balances and tranfer funds between your Ally accounts. Functions such as transfers to/from external accounts won't be available until the second version of the app comes out some time during the summer of 2012. Other features that will be available at a later time will be bill pay, and echeck.  According to a talkative rep for the bank, the first release of the long awaited mobile app will be in mid March 2012.

Apps will be available for the Android and iphone.  A mobile version of the website will also be available but the limitations will be the same.

Looks like Ally will continue to fall behind their competitors by reinventing the same wheel.