52% of Americans Do Their Banking Online


A new study from the Pew Internet & American Life center shows that 52% of Americans are now banking online.Do you do your banking online? Well, it turns out that you’re in the majority. A new study from the Pew Internet & American Life project has found that 62% of Americans that are internet users (and 52% of all Americans overall) do their banking online. While this isn’t quite a huge leap in usage in 2010, 58% of internet users were already doing some banking online the increase in mobile banking is quite profound.

According to the study, in 2010 only 18% of online Americans used their phones for banking online, but today 35% of online Americans do (32% of all Americans). You can see the growth in usage in the figure below.

the rise in mobile online banking
Image courtesy of Pew Research Center.

I’ve used my phone for online banking for a few years now, but I’ll admit I’ve only recently used the mobile app from my bank to do things like deposit checks and even now I only do it for smaller checks. I still like handing the big checks (well, the few that aren’t directly deposited) to a human being at the bank.

What about you? Are you comfortable banking online, or do you still use old school in-person banking?



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