Research has found that older surfers are increasingly using internet banking, and that women are catching up to their male counterparts.
The internet bank cahoot has said that 60 per cent of those aged between 55 and 64 now use the internet. Whilst many would still use a branch to do their banking, at least 50 per cent prefer to use the web.
The gap between female and males is also closing. The survey found that only a slightly smaller number of females were prepared to use internet banking. It is predicted that 38 per cent of adults will use online banking by 2010.
John Goddard, managing director of cahoot said that use of the internet has dramatically changed since the bank launched five years ago: "In a relatively short space of time, online banking has become the first choice for many people regardless of gender, age, socio-economic background or location.
"For some people, online services will never replace face-to-face contact, but many others like the convenience of the internet, with the ability to open accounts, move money and conduct transactions at any time from their work or home PC."
Meanwhile, the internet phone company Skype has found that the over 55s are more likely to use the internet to keep in touch than any other group.
Their survey found that 51 per cent of older adults are likely to use the internet to maintain contact with friends or family, compared to 36 per cent of 16 to 24 year olds.
cahoot reveals older online banking users
Financial Services > e-banking > Banking news
cahoot reveals older online banking users
Tue, 04 Oct 2005
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