The new application of iPhone version is currently available for users at no cost and the new service allows users to make secure payments by simply setting up the payment in [my]bank and colliding their phone against another iPhone, said the bank.

TSB Bank’s technology services manager Marie Collins said the bank has always prided itself on its exceptional levels of customer service and that the launch of [my]bank strengthens its commitment by providing easy access to all their banking needs using a secure iPhone application.

"The bank already offers a full-service HomeBank banking solution, but with [my]bank we’ve gone one better. Backed up by our existing infrastructure, [my]bank is truly customer driven as it puts the customer in charge and lets them choose how the service evolves," Collins said.

"[my]bank is capable of all the normal banking functionality found on internet banking sites, plus a whole lot more. Users can craft a personal banking experience through a unique interface, with the option to choose from a selection of widgets for additional functionality. These widgets vary from a simple foreign exchange calculator to social media functionality."

Equipped with [my]bank widget library, the new offering allows customers to add features according to their requirements, including the foreign exchange widget, with live, up-to-the-minute rates.

The application also has [my]bank Guru service, which assists users to communicate with the bank via secure messaging, FaceTime, Twitter, 0508 MYBANK and Skype.