Mobile Banking from Cingular

Gizmodo reported a story on Cingular's attempt to bring an application that allows you banking on the go. Currently, it is being tested and it is said that the service will be free of charge. Currently, I am able to access my bank's website through my WAP browser as is. So such service may not be as useful to people with smartphones. Unless the application makes it much easier to use, a good example is visiting GMail via browser vs. the java application.