Corporate Insight released a study that found 12 of the 16 biggest U.S. banks offer customers at least one application for the iPhone. Apps for Android phones are also in the pipeline. Smartphone users can check their balances, transfer funds and perform other banking functions from their handset. Apps by Capital One, PNC Financial, SunTrust, US Bank, Wells Fargo, Citibank and other major banks even allow customers to pay their bills using their smartphone.

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