Online bankingis preferred by
consumers with three quarters developing a better understanding of
their finances through the channel, according to research from
Abbey.
Over half of online bankers are logging on at least every other
day, while 74% said watching their money online gives them a better
understanding of their finances. Thirty eight per cent said they
have started to save more money since using online banking.
With 39% of people rarely or never visiting their bank branch
and telephone banking even less popular the
importance of online banking is clear.
"For a long time we have observed a growing preference for the
online channel but for the first time we are seeing evidence that
people really are enjoying the online banking experience and
claiming that it makes them better with managing and saving money."
said Reza Attar-Zadeh, Head of Savings at Abbey.
The survey even found that 17% of people claimed to delay
bedtime to check finances online.