19 October 2017
Register now

UK consumers more likely to bank than shop online

01 April 2003  |  4813 views  |  0 UK consumers more likely to bank than shop online

More people in Britain now bank than shop from home over the Internet according to a survey of 500 UK adults commissioned by account aggregation vendor Yodlee.

The survey, conducted by Consumer Analysis Group, finds that 65% of consumers with home Internet access now regularly bank online compared to only 44% for home shopping. Almost a quarter of those questioned (23%) cite a preference for face-to-face dealings as a key reason for not wanting to shop online whereas only 14% cite the same reason for banking.

While the survey found the under 35s to be most active in banking and managing their finances online, older people too have caught the habit (73% of under 35s compared to 64% of 36-50s and 61% of over 50s).

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

Consumers turn to Internet for car and home insurance

Consumers turn to Internet for car and home insurance

28 March 2003  |  4592 views  |  0 comments
Almost 60 million European consumers bank online - Datamonitor

Almost 60 million European consumers bank online - Datamonitor

28 March 2003  |  3776 views  |  0 comments
S1 reports accelerating demand for integrated aggregation

S1 reports accelerating demand for integrated aggregation

24 March 2003  |  3260 views  |  0 comments
Consumers favour a single location for online bill payment

Consumers favour a single location for online bill payment

19 March 2003  |  5152 views  |  0 comments
Rabobank direct channels aid stability

Rabobank direct channels aid stability

11 March 2003  |  5518 views  |  0 comments
Societe Generale boosts online applications with Kefta

Societe Generale boosts online applications with Kefta

03 March 2003  |  3413 views  |  0 comments
Banks neglect online channel at their peril

Banks neglect online channel at their peril

26 February 2003  |  4197 views  |  0 comments
FundsXpress and Yodlee offer banking and account aggregation system

FundsXpress and Yodlee offer banking and account aggregation system

18 February 2003  |  5040 views  |  0 comments
Lloyds TSB reports four-fold increase in Internet sales

Lloyds TSB reports four-fold increase in Internet sales

14 February 2003  |  5093 views  |  0 comments
Triple figure growth in European online sales - Visa EU

Triple figure growth in European online sales - Visa EU

10 February 2003  |  4803 views  |  0 comments
HSBC partners with Yodlee to provide account aggregation for US customers

HSBC partners with Yodlee to provide account aggregation for US customers

05 February 2003  |  7578 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15541 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8729 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8374 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7821 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6976 views comments | 9 tweets | 17 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job