Qualified advisers answering your
Financial Questions
call 0800 092 1245

Online banking 'bigger than Facebook'

Britons are turning to online banking sites in the wake of the credit crunch, it has been suggested.New figures from cahoot shows that, collectively, UK residents spend around three billion hours a year checking up on their finances through online banking.This is around 300 million more hours than are spent on social networking websites such as Facebook - and equates to around 1.5 hours per week being spent on banking by every adult in the UK.Around seven in ten people who banked online also said that they were using the service more now than they were 12 months ago. Matthew Timms, director at cahoot, commented: "While you might be forgiven for thinking that the internet's biggest draw is social networking sites, nowadays it's actually online banking. Indeed, the credit crunch is making Britons far more conscious about keeping in control of their finances. "As a result we're flocking to internet banking, where we can instantly access and manage our finances at a time and location of our choice as well as pick up some of the best rates on the market."

Share this..

Related stories

Financial Guides

Financial Calculators

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

Latest News


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