Bank of America has rolled out its new text-message mobile banking service this week. While other banks have been offering similar services for some time, Bank of America’s entry to the text banking market is new for one of the largest new markets in the popular banking service, extending the offer to all customers who hold accounts with the bank.

Text banking at Bank of America is free and allows users to retrieve information about accounts by texting commands to ‘MyBofA’. The functions available through text banking include balance and recent transaction information. The Bank of America Web site includes an overview of this new facility.

Text banking is growing in popularity as growing numbers of consumers become more comfortable with the technology and the younger, “text-savvy,” generation becomes a large segment of banking custom