Early Monday, Mint.com released a free application for Apple Incorporated’s iPhone, which enables the gadget’s users to monitor credit card and bank accounts via the smartphone.

Moreover, the app offers features such as monthly budget, incoming cash flow and expenses and info on investment accounts an iPhone user has aggregated into the Mint.com tool.

In terms of security, the personal finance application gives the phone’s users the option to enable or disable mobile access from Mint.com, which means that one can halt access to their account at all times. Even though the feature does not provide account numbers or allow people to add new accounts via their iPhones, nobody would like to have their phone stolen and not be able to take action concerning preventing the thief from viewing the financial information stored by Mint.com.

Nevertheless, it seems that unless the iPhone is passlock-protected, anyone who can get their hands on one’s phone can also have access to their Mint.com account, which is a flaw that should be fixed quickly.

The app also includes alerts, which can let people know whether a credit card bill is nearing its due date, if they are spending more money than usual or when deposits and withdrawals have been registered into their accounts.

On a related topic, also on Monday, HP released an app for the iPhone called iPrint Photo, which enables users to print their photos if both a printer and a wireless connection are available when they wish to do so.