According to a survey conducted among Americans consumers in 2022, lower costs offered by digital banks was one of the main reasons for switching to a digital bank. 38 percent of the respondents indicated lower costs as an important factor for using a digital bank. Faster transfer of funds was another important feature of digial banks, with 37.1 percent of the respondents indicating this as an important factor to adopt to a challenger bank.
Main reasons for consumers to switch to digital bank in the United States in 2022
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Other statistics that may interest you Mobile banking in the United States
Overview
5
- Premium Statistic Online banking users worldwide in 2020 with forecasts to 2024, by region
- Premium Statistic Estimated number of digital banking users in the U.S. 2021-2025
- Premium Statistic Mobile banking customers of four largest banks in the U.S. 2022
- Premium Statistic Number of customers at selected digital banks in the U.S. 2023
- Premium Statistic Predicted penetration rate of digital banking in the U.S. 2021-2025
User demographics
6
- Premium Statistic Households using mobile banking as primary method to access account in the U.S. 2021
- Premium Statistic Use of mobile banking as primary method to access account in the U.S. 2021, by age
- Premium Statistic Use of mobile banking as primary method to access account in the U.S. 2021, by race
- Premium Statistic Use of mobile banking as primary method to access account in the U.S. 2021, by income
- Premium Statistic Use of mobile banking as primary method to access account in U.S. 2021, by education
- Premium Statistic Use of mobile banking as primary method to access account in U.S. 2021, by location
Banking apps
4
Mobile payments
4
- Premium Statistic Mobile payments usage by situation in the U.S. 2024
- Premium Statistic Biggest contactless payment brands at POS in the U.S. 2024
- Premium Statistic Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
- Premium Statistic Number of contactless mobile payment users in U.S. 2022, with a 2027 forecast
Consumer attitude
5
- Premium Statistic Neobanking and neobrokerage popularity in the U.S. 2023, by brand
- Premium Statistic Interest in using digital banks in the U.S. 2022
- Premium Statistic Reasons to adopt challenger banks in the U.S. 2022
- Premium Statistic Reasons not to adopt challenger banks U.S. in 2022
- Premium Statistic Most popular mobile banking features among users in the U.S. 2023
Further related statistics
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- Number of customers at selected European fintech companies 2018
- Main areas of bank spending on financial technologies in the U.S. 2015
- Key growth figures of Revolut 2022
- Secure Trust Bank plc: shareholder profit in the United Kingdom (UK) 2011-2019
- Secure Trust Bank plc: basic earnings per share in the United Kingdom (UK) 2011-2019
- Familiarity with FinTech innovations among banking professionals in the GCC 2016
- Likelihood of banking sector disruptions caused by Fintech in the GCC 2016
- Opinion on bank services and new tech in Italy 2019
- Opinion on banks, payment systems, and new tech in Italy 2019
- Leading Fintech deals in the finance & banking sector globally 2014
- Banking areas providing opportunity for Fintech firms 2016
- Forecast of bank spending on new technologies 2015-2017, by region
- Consumers that would switch bank if they did not offer up-to-date tech in Europe 2016
- Number of banking and capital market Fintech companies globally 2017, by type
- Value of Fintech funding in banking sector worldwide 2008-2017, by type
- Share of credit card market of Sberbank in Russia 2014-2023
- Major bank net assets New Zealand 2022, by entity
- Number of digital payments funding deals Philippines 2017-2022
- Change in net profit after tax of registered banks New Zealand 2013-2022
Further Content: You might find this interesting as well
Statistics
- Number of customers at selected European fintech companies 2018
- Main areas of bank spending on financial technologies in the U.S. 2015
- Key growth figures of Revolut 2022
- Secure Trust Bank plc: shareholder profit in the United Kingdom (UK) 2011-2019
- Secure Trust Bank plc: basic earnings per share in the United Kingdom (UK) 2011-2019
- Familiarity with FinTech innovations among banking professionals in the GCC 2016
- Likelihood of banking sector disruptions caused by Fintech in the GCC 2016
- Opinion on bank services and new tech in Italy 2019
- Opinion on banks, payment systems, and new tech in Italy 2019
- Leading Fintech deals in the finance & banking sector globally 2014
- Banking areas providing opportunity for Fintech firms 2016
- Forecast of bank spending on new technologies 2015-2017, by region
- Consumers that would switch bank if they did not offer up-to-date tech in Europe 2016
- Number of banking and capital market Fintech companies globally 2017, by type
- Value of Fintech funding in banking sector worldwide 2008-2017, by type
- Share of credit card market of Sberbank in Russia 2014-2023
- Major bank net assets New Zealand 2022, by entity
- Number of digital payments funding deals Philippines 2017-2022
- Change in net profit after tax of registered banks New Zealand 2013-2022
PYMNTS. (September 12, 2022). Main reasons for consumers to switch to digital bank in the United States in 2022 [Graph]. In Statista. Retrieved June 15, 2024, from https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS. "Main reasons for consumers to switch to digital bank in the United States in 2022." Chart. September 12, 2022. Statista. Accessed June 15, 2024. https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS. (2022). Main reasons for consumers to switch to digital bank in the United States in 2022. Statista. Statista Inc.. Accessed: June 15, 2024. https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS. "Main Reasons for Consumers to Switch to Digital Bank in The United States in 2022." Statista, Statista Inc., 12 Sep 2022, https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS, Main reasons for consumers to switch to digital bank in the United States in 2022 Statista, https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/ (last visited June 15, 2024)
Main reasons for consumers to switch to digital bank in the United States in 2022 [Graph], PYMNTS, September 12, 2022. [Online]. Available: https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/