Ally Bank, the direct banking subsidiary of Ally Financial, has updated its mobile banking app with two new offerings, which will allow consumers to access and manage their money anywhere and anytime.

As part of the new offerings, customers can use their smart phones to send and receive Popmoney payments, and also make recurring electronic fund transfers between Ally and non-Ally bank accounts.

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Popmoney is a payment service that was first launched in 2011. Customers were earlier able to use their smartphones for regular Popmoney transactions, but they will now be able to view scheduled payments and payment history, and set up and manage Popmoney contacts in Ally Mobile Banking app.

Ally Bank customers can send funds to anyone in the US by providing the recipient’s e-mail address, mobile number or bank account information. All the Popmoney transactions are free, as the bank does not charge any processing fee.

Ally Bank deposits and line of business integration executive, Diane Morais, said one of the recurring themes in the feedback they receive from consumers is how much they like the convenience of a direct bank, and these latest offerings are the result of their commitment to deliver customer-friendly products and features.

"We have seen phenomenal growth in customers using our award-winning Ally Mobile Banking app, and we’re taking our cue to continue to build the functionality of mobile banking to respond to that demand," Morais added.

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In addition to the latest updates, Ally Mobile Banking also offers other features such as Ally eCheck Deposit that allows customers to scan and electronically deposit cheques, bill pay, a call wait time and an ATM and cash back locator.