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Half of people in the UK use mobile banking


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.”

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