Cardless cash from your wrist? This is the future.
While banks like Westpac and St.George have dipped their toes into the smartwatch scene with their respective account balance apps, Cash Tank and Money Meter respectively, Commonwealth Bank of Australia (CBA) are diving head first with a fleshed out smartwatch app on its way.
As we speak, CBA are working on the most comprehensive banking app for smart watches in Australia. If you’re a Commonwealth Bank customer, you’ll soon be able to access check your balance, locate the nearest ATM and make an ATM cash withdrawal, using Commonwealth Bank’s beloved Cardless Cash. And, if you’re worried about how secure such a service will be, then fear not, because all features in the smartwatch app will be covered by the same 100% Security Guarantee as your smartphone Commbank App.
Great news for Commonwealth Bank customers and wearable owners. But, if you don’t happen to be a customer of the black and yellow, you’re probably not too far off from getting your own smartwatch app. American Airlines showed the world how a simple smartwatch app could change the way people travelled, and the rest of the industry followed. It’s no doubt that, once the big banks see Commonwealth Bank’s convenient app in action, they’ll be quick to replicate the innovation.
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