One in five Britons (18%) did most of their banking online
in 2005, according to a new report from Lloyds TSB Internet banking. And
the boom is set to continue. The findings also show that 20% of the population
have used the web more often this year to manage their money.
Young people aged 25-34 are most likely to do their banking on the Internet
(27%), but 22% of those aged 35-44 also use the web to organise their
finances as do 20% of those aged 45-54. Men are slightly more inclined
to use the web (20%) than women (15%).
Despite the growing popularity of Internet banking many people still
aren't aware of all the financial tasks they can do online. A fifth (23%)
didn't know they could check their balance on the web, while 28% didn't
realise they could go online to pay bills.
A similar number (29%) didn't know they could use online banking to search
for statements, while 34% weren't aware they could also transfer money
or manage direct debits.
Although 35% indicated fears over security as being the reason they didn't
bank online, the vast majority of those surveyed (65%) had no such fears
and felt Internet banking was safe.
here to see a list of online UK bank accounts!