FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Half of people in the UK use mobile banking

23/02/2015

Almost a half of Brits now use internet backing to keep track of their finances, with almost two fifths logging in at least once a day to keep an eye on their money.

A poll from thinkmoney shows that 46% of adults access their online banking through their mobile phone.

People aged 25-34 years old are most likely to bank this way, followed by people aged 18-24 years. Its not just the younger generation who are adapting their banking habits though, as two fifths of those aged 45-54 they do their online banking through their mobile too. People over 55 are the least likely to use mobile banking with just one in five (21%) saying they use their phone to do their banking.

Of those that use mobile banking, the research found that 37% say that they login at least once a day, rising to 44% of those aged 25-34. In fact, 88% of mobile banking users age 25-34 say that they login at least once a week.

Ian Williams, spokesman for thinkmoney, says:
“Given that rate of uptake of mobile banking, it won’t be long before over half of current account customers are using their phone to keep up to date with their account, transfer money and pay bills via Faster Payments. Younger users are driving the change – with close to three quarters of those age 25-34 already banking via their mobile – and most doing so at least once a week.
“Not only does mobile banking allow customers to stay more on top of their finances – but it allows them to do so wherever and whenever they choose to.”

Need financial advice?


If you have any personal finance questions related to this news article, then please contact our financial advisers. You can get in touch by asking a question online, calling us on 0800 092 1245, or by arranging a visit.



Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue