If you heard about it at all, you heard right: it’s no longer illegal to jailbreak your iPhone. That means you can install any app you want on it, regardless of whether it exists in the official App Store. But according to Apple, this will void your warranty, so proceed with caution.
I’d recommend looking through what I think is the repository of apps newly available to the jailbroken. Unfortunately, since it’s not the App Store, it’s disorganized and difficult to browse. I searched for apps related to money, or banks, or finances, and didn’t see anything particularly useful. You’ll be weeding through a lot of wallpapers, themes and ringtones.
But there are a few compelling reasons to break the iPhone out of jail, such as using FaceTime over 3G. CNET’s Brian Tong goes over some more good reasons and the entire simplified jailbreaking process in the video below:
Published or updated August 9, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
{ 3 comments… read them below or add one }
I’ve been debating whether to do this to my new iphone for a while. The video said that you can “un-jailbreak” your phone by reconnecting it to the computer. Would this be a way to keep your warranty if something happens to the phone?
I tend to error on the side of caution, but there are plenty of apps available at the App Store, why would someone want to void the warranty and do this?
apple wouldnt allow this cause u can get all the payed apps free
and it always has voided ur warrenty but if uwant it back just restore
i have taken my jailbroken iphone into a store bfore and they didnt care
its only there job its not like they own the company
most people who work in apple stores jailbreak there devices