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Canada switches on to online banking

15 July 2002  |  755 views  |  0 user woman and child and PC

The percentage of Canadians who bank primarily through the Internet has doubled in the past two years, according to a new poll by the Canadian Bankers Association (CBA).

The study reveals sixteen per cent of respondents to the survey use the Internet as the primary means through which they conduct the majority of their financial transactions, compared with eight per cent in a similar CBA poll two years ago.
The new survey also shows approximately one-third of respondents now do at least some of their banking online and 56 per cent expect to be banking over the Internet within the next two to three years, compared with 46 per cent in 2000.

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