Yesterday morning, I paid all of my monthly bills sitting on a bench in a park near my home. There was no Wifi, no laptop, no checkbook. There was just an LTE connection and an iPhone.
And I am not alone. Consumers are moving to mobile at an accelerating pace. Banks, conservative by nature, are struggling to keep up. In the video below, Motley Fool contributor Jay Jenkins discusses the current state of mobile banking at established giants like Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Bank of America (NYSE:BAC), and JPMorgan Chase (NYSE:JPM), and the future of banking in a mobile world.
Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Bank of America, Google, MasterCard, Starbucks, Visa, and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, Google, JPMorgan Chase, MasterCard, Starbucks, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days.