TELECOM Digest OnLine - Sorted: Online Banking Growing Rapidly, Survey Finds

Online Banking Growing Rapidly, Survey Finds

Lisa Minter (lisa_minter2001@yahoo.com)
10 Feb 2005 13:30:00 -0800

WASHINGTON (Reuters) - Nearly half of all U.S. adult Internet users
now manage their bank accounts online, making banking the
fastest-growing online activity, according to a survey released on
Wednesday.

Forty-four percent of U.S. Internet users bank online, up from 30
percent two years ago, the Pew Internet and American Life Project
said.

The nonprofit group said banking has grown faster than any other
online activity since it began measuring Internet use in March 2000.

People with high-speed connections at home, those between the ages of
28 and 39, and more affluent households were most likely to bank
online, the group said.

The survey of 537 Internet users was conducted in November 2004 and
has a margin of error of plus or minus 5 percentage points.

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