Over half Britons use online banking services, says ONS data

More than half of Britons (53%) have used online banking services in the last three months.

Over half Britons use online banking services, says ONS data

More than half of Britons (53%) have used online banking services in the last three months, compared to 30% during 2007, according to the figures released by the Office for National Statistics (ONS).

The figures point out that despite increased internet penetration, many Britons still don’t regularly use Internet banking.

In 2014, 84% of British households have Internet access, with 38 million adults surfing the web every day, as per the ONS statistics.

The figures further highlights that 75% Britons used email, 73% searched for information about goods and services, and 54% used social networks.

Men were found to be more internet banking savvy than women. Use of online banking services greatly varies with age-groups. It was found that 71% of 25 to 34 year-olds frequently use online banking, compared to just 23% of more than 65-year-olds.

The British Bankers’ Association (BBA) CEO Anthony Browne said: “It’s great that more people than ever are banking online. Banks are working hard to make online banking accessible to everyone and online and mobile banking mean it’s now easier than ever to stay on top of your finances.”