Online banking offers greater flexibility, according to BBA

A top banking association has hailed the advance of internet banking as providing greater flexibility and convenience for customers.

According to the British Bankers’ Association (BBA), which represents around 200 banks across the UK, the service is especially liked by holidaymakers, who can access their accounts just by going online without needing to be near a branch of the bank.

According to communications director at the BBA Lesley McLeod, “you can do it from an internet cafe when you’re sitting in Rome so people like that flexibility.

“People who travel a lot like [online banking] as it gives them access without having to bother whether they can get to their branch and people quite like that aspect of it.”

Ms McLeod said that the company detected an overall bias towards the under-50s to the online service, although it was by no means exclusively used by the young.

Figures from Apacs payment association testify to the popularity of internet banking, showing that 24 million adults used the service in 2006. It predicts that two in three adults will use remote banking by 2014.

Tags: banking association, bank, access, 50s, Association, BBA Lesley McLeod, british, director