Financial Services > e-banking > Banking news
Internet users set online banking record

Thu, 14 Jan 2010

The amount of people banking online now numbers 22 million, meaning over 50 per cent of internet users are using the service.

Figures from the Payments Council also show that 95 per cent of those banking online use it to check their balances, while 83 per cent use it to check statements.

However, the popularity of online banking services has also opened up customers to the threat of fraud .

Katy Worobec, head of fraud control at Financial Fraud Action UK, says: "The chances of becoming a victim of online or phone banking fraud are low, but there are a number of common sense steps that people can follow to significantly minimise the chances of becoming a victim of fraud ."

Among her recommendations for staying protected is to avoid sharing personal details or PIN numbers and to never access any services using hyperlinks in emails.

The growth in online banking comes at the same time as the industry seeks to phase out the use of cheques by 2018.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Save on your mortgage

Save on Your Mortgage

Save money on your mortgage? Fill out our quick mortgage enquiry form.

Health cover, life insurance and PMI

Health Insurance

Find Critical illness, Life and Private Medical Insurance PMI policies.

Simplyhealth Dental Plan
Affordable cover from only £7.50 per month. Join now and get first month FREE
Amex Cash Back
Credit Card
Get 5% cash back on purchases with Amex
Income Protection Insurance
Get an instant quote with the award winning company