52% of Americans Do Their Banking OnlineCecily Kellogg
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.
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?