You are here: Home - Uncategorized -

Online banking usage soars

0
Written by:
02/03/2006

More than a half (59%) of all Britons now do the majority of their banking over the Internet, new research has found.

The research from Alliance and Leicester also revealed that a third of UK adults (29%) now do Internet banking once or twice a week, and 12% use it once a day

And the research results also showed that there had been a 63% rise in managing current accounts online since 2003, with checking balances the most popular online activity for 30% of banking customers.

Andy Muddimer, Head of Internet Banking at Alliance & Leicester, said: “The pressures of modern life mean that internet banking is the best option for many UK banking customers.

“As we see the internet become increasingly important in other aspects of our daily lives, from reading the news, booking a holiday or simply making a purchase we would otherwise not have the time to do, then we can expect internet banking to become even more popular as the key way of managing our finances.”

Yet the research found that, for activities like paying in cheques, the local branch remains the favourite means of accessing a bank.

 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Owning a dog costs more than a Mercedes Benz

The nation’s love of dogs is rising, and owners are now paying £22,000 to keep their animals over their lifetimes...

Close