Financial services group Alliance & Leicester has introduced the new mobile text alerts service through which the company's current account customers will be able to keep track of their cash.

The customers of the company will now be able, through mobile banking, to receive text messages on their mobile phones when their current account balance reaches certain levels set by them, so they will be able to tell when their wages reach their account, or when their balance reaches a lower level, as well as being able to access up-to-the minute balances and mini statements on the go.

Ian Tandy, director of eCommerce at Alliance & Leicester, said: Today’s modern lifestyle is fast-paced, and it seems that no-one goes anywhere or does anything without their mobile phone. By improving our mobile banking service, people can now find out that their wages have gone in, or easily check that they have enough money to cover their proposed weekend activities. Life and finances will be so much easier.