Online banking ‘improves personal finance’
June 25, 2008 by admin
Filed under News, News-Banking
Eight out of ten consumers who regularly use online banking say it makes them better at managing their finances, according to research.
The survey from internet bank cahoot has found that 38 million Britons have used online banking.
People now spend more time conducting their financial affairs online than they spend on internet social networking sites, the study suggests.
Matthew Timms, cahoot’s managing director, said the credit crunch is making Britons take greater control of their finances.
He commented: “We’re flocking to internet banking, where we can instantly access and manage our finances at a time and location of our choice as well as pick up some of the best rates on the market.”
Last week, separate research suggested that one in five British men believes he is “careful” with his money.
In the survey, commissioned by Scottish Widows, more men said they identified with thrifty businessman Ian Beale from EastEnders than with any other soap character.
