16 July 2018
Register today

UK consumers reject telephone banking

02 May 2002  |  5103 views  |  0 UK consumers reject telephone banking

UK consumers are rejecting phone services from their bank or insurance company because of inefficient call centres, according to new research commissioned by voice technology firm Vocalis.

The study shows nearly half (48 per cent) of Britons find dealing with their bank by phone a frustrating experience, and 63 per cent say the same about their insurance company.

Forty-one per cent of consumers indicate that being able to speak 'naturally' to an automated service would be the one improvement they would like to see. Twenty-seven per cent say they would prefer not having to repeat themselves for every transaction, while 21 per cent suggest having confirmation of the transaction they have just made would improve an automated call service.

Of those questioned one in twenty say they feel the service from their bank is so awful they refuse to deal with them by phone, and one in ten indicate that they only use the phone to communicate with their insurance company because there is no other option.

However, the study did show that consumers give banks a higher rating when compared to call centres for utilities companies and local councils. Just seven per cent say the service they receive from their council was efficient, while nearly a third of those questioned say the phone service from their gas or electricity provider is unacceptable.

Overall only one in ten Britons say they currently find conducting business by phone quick and convenient.

Paul Wright, CEO of Vocalis, says: "Call centres represent a huge outlay for businesses and they are an extremely important part of customer communication. It's therefore vital that they get it right so that consumers are satisfied with the service they are getting."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Online banking finds favour among UK small businesses

Online banking finds favour among UK small businesses

11 April 2002  |  3817 views  |  0 comments
Branches still hold water for UK consumers, says BT

Branches still hold water for UK consumers, says BT

03 April 2002  |  3718 views  |  0 comments
IBM, eFunds  and EDS to deliver banking services to UK Post Office

IBM, eFunds and EDS to deliver banking services to UK Post Office

28 March 2002  |  7491 views  |  0 comments
UK banks go back to the future for CRM investment

UK banks go back to the future for CRM investment

06 March 2002  |  4372 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9943 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8416 views comments | 3 tweets | 1 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8072 views comments | 6 tweets | 14 linkedin
Faster Payments outage delays thousands of transactionsFaster Payments outage delays thousands of...
7196 views comments | 8 tweets | 19 linkedin

Featured job

Find your next job