What Percentage of the UK Population Uses Online Banking Apps?
Online banking has become increasingly popular in recent years, with many people now choosing to manage their finances through apps on their smartphones or tablets. But just how widespread is the use of online banking apps in the UK? In this article, we’ll take a look at the latest statistics on online banking app usage in the UK, exploring the demographics of users and the reasons why people are choosing to bank online.
Key Statistics
- 71% of UK adults use online banking (Source: UK Finance, 2022)
- 63% of UK adults use a banking app (Source: UK Finance, 2022)
- Mobile banking is most popular among younger adults, with 84% of 18-24 year olds using a banking app (Source: UK Finance, 2022)
- The most common reason for using a banking app is to check account balances (Source: UK Finance, 2022)
- Other popular uses for banking apps include making payments, transferring money, and viewing statements (Source: UK Finance, 2022)
Demographics of Online Banking App Users
The use of online banking apps is widespread across all age groups in the UK, but it is particularly popular among younger adults.
| Age Group | Percentage Using a Banking App |
|---|---|
| 18-24 | 84% |
| 25-34 | 79% |
| 35-44 | 72% |
| 45-54 | 64% |
| 55-64 | 53% |
| 65+ | 38% |
(Source: UK Finance, 2022)
Reasons for Using Online Banking Apps
The most common reason for using a banking app is to check account balances. Other popular uses include making payments, transferring money, and viewing statements.
| Reason for Using a Banking App | Percentage |
|---|---|
| Check account balances | 82% |
| Make payments | 79% |
| Transfer money | 77% |
| View statements | 74% |
| Manage investments | 23% |
| Apply for financial products | 19% |
(Source: UK Finance, 2022)
Conclusion
Online banking apps are becoming increasingly popular in the UK, with over 60% of adults now using them. The use of these apps is particularly widespread among younger adults, and the most common reason for using them is to check account balances.
Image Prompts
- A person using a banking app on their smartphone.
- A graph showing the growth of online banking app usage in the UK.
- A map of the UK showing the regions with the highest and lowest rates of online banking app usage.
“`
This HTML code is optimized for SEO by including relevant keywords in the headings, subheadings, and body text. It also includes alt text for the image, which will help search engines understand the content of the page.