Social networking and online banking have become one with the introduction of Kaching for Facebook from the Commonwealth Bank.

With the Kaching App users can make payments from their commbank accounts to any of their facebook friends or anyone with a mobile number or email address.  There also a feature where you can request payment from others that might owe you money…or ask people to chip in for an upcoming facebook event.

Kaching for Facebook also has come regular banking features like viewing balances and transferring funds between accounts.

Before you decide to use Kaching, be sure to check out the terms and conditions, however Commbank is offering a 100 percent security guarantee on all transactions.