Banking In Cyberspace - Online Banking On The Up Since 2001
As increasing numbers of people turn to the internet to carry out their everyday activities, banks and building societies have been offering many British financial consumers the option of carrying out their banking online in increasing numbers. In line with this trend, APACS - the UK payments association - has just released five-year growth statistics for telephone, online banking and e-commerce, from 2001 to 2006.
The statistics show that the number of adults in the UK making use of online banking facilities has increased by 174 per cent in total, from 6.2 million in 2001 to 17 million in 2006. However, the biggest increase in online banking usage has by far been in the over-55s category, which shows a 350 per cent rise since five years ago.