A few weeks ago, we noted a milestone at Apple’s iPhone App Store, 1000 apps available in the finance category (U.S. store). I was been curious how that compared to Google’s Android Market so today I did a quick comparison.
The Android market now has a respectable 211 apps in the finance category. However, few financial institutions have staked a claim. Only, Bank of America and Alliant Credit Union, had branded apps (see note 1, 2).
In comparison, the iTunes App Store has 11 U.S. banking apps and 3 from U.S. credit unions. That’s up from 6 banks and no credit unions when we published our most recent report on the subject (see note 3). See the the following table for details. Did I miss any? Let me know in comments or email jim@netbanker.com
| Google Android (Rank) | Apple App Store (Rank) | |
| Number of finance apps | 211 | 1,089 |
| Number of U.S. bank-branded apps (note 1)
(number shown is rank in the finance category) |
#2 Bank of America | #1 Bank of America #2 USAA #3 Chase #4 Wells Fargo #10 E*Trade #13 Citibank #28 & 32 PNC Bank #43 BBVA Compass #156 IBC #409 1st Mariner Bank ATM/Branch locator #962 Plaza Bank Mtg Calc |
| Number of CU-branded apps | #30 Alliant CU — ATM Locator | #185 Tech CU #327 CUloc8 (TDECU) #411 iDeposit (WV United FCU) |
Source: Online Banking Report tally, 24 Aug 2009
1. In addition, Qualcomm’s Firethorn unit has an app that works with several dozen banks and card issuers including Citi, Chase, Wachovia, SunTrust and USAA. It’s ranked tenth in the Android Market and 15th in the iPhone App Store. Also, in the Android Market, Visa has a beta app that works with Chase cards ranked #77. However, according to commenters, that test is ending in September.
2. There are another 15-20 international banks listed in the iPhone App Store.
3. Our Online Banking Report on iPhone Mobile Banking was published March 11, 2009.