Nine new banks have signed up with America Online to offer banking transactions through the nation's largest on-line service.
These banks join 18 that began making electronic transactions available through America Online in September. Customers of the participating banks can check balances, pay bills, apply for loans, and send E-mail.
First Michigan Bank, Mellon Bank, Signet Bank, and US Bank began these services the first week in December. The other banks that will be coming on-line by yearend are: First Hawaiian Bank, PNC Bank, Regions Bank, and Republic Bank of New York.
David Baird, general manager of America Online's personal finance channel, said the company has received more than 1,000 requests a day from members to expand the number of banks hosting transactions through the service.
With the new banks on board, America Online offers "the greatest concentration of banks anywhere in cyberspace," he said.
Several banks that offer banking services through America Online also offer transactions to customers through their home pages on the World Wide Web of the Internet. These include BankAmerica, Wells Fargo & Co., and Security First Network Bank.