According to a survey conducted among Americans consumers in 2021, 24 percent of respondents indicated convenience as a reason for using a digital-only bank. This was the main reason chosen. The second main reason appeared to be trust in challenger banks, indicated by 22 percent of respondents.
Main reasons for consumers to adopt digital-only banking services in the United States in 2021
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Statistics on Digital challenger banks
Overview
6
- Premium Statistic Neobanks global market size 2021
- Premium Statistic Most valued independent digital banks worldwide 2021
- Premium Statistic Leading challenger banks worldwide based on market valuation 2020
- Premium Statistic Number of challenger banks worldwide 2014-2021
- Premium Statistic Number of challenger banks worldwide 2022, by region
- Basic Statistic Largest European digital banks 2022, by number of countries of operation
Funding
6
- Premium Statistic Capital raised by challenger banks globally 2015-2020
- Premium Statistic Global venture capital funding for digital banks 2017-2019
- Premium Statistic Leading digital banks worldwide 2020, by capital raised
- Premium Statistic Total funding of selected independent neobanks worldwide 2021
- Premium Statistic Leading neobank individual funding rounds worldwide 2020-2021
- Premium Statistic Deals and equity funding raised by Latin American challenger banks 2016-2020
Users
7
- Premium Statistic Number of customers at selected disruptor banks worldwide 2021
- Premium Statistic Number of challenger banks users in the U.S. 2020
- Premium Statistic Forecast of mobile-only bank app downloads worldwide 2015-2022, by bank
- Premium Statistic Estimated customer growth of Revolut and N26 2018-2021
- Premium Statistic Leading neo-banks ranked by number of customers in France 2020
- Premium Statistic Latin America: number of users of selected digital wallets 2020
- Premium Statistic Number of digital bank customers South Korea 2021, by bank
Opinions
8
- Premium Statistic Number of app ratings for challenger banks on App Store and Google Play Store 2020
- Premium Statistic Reasons to adopt challenger banks in the U.S. 2021
- Premium Statistic Reasons not to use digital-only banking U.S. 2020
- Premium Statistic Executives who see challenger banks as threat for traditional banking U.S. 2020-2021
- Premium Statistic Reasons for not using a neobank as a primary bank account in the UK 2019
- Premium Statistic Leading reasons for opening an app-only bank account Great Britain 2022
- Premium Statistic Reasons for using digital bank's mobile banking services South Korea 2019
- Premium Statistic Willingness to join a digital bank in Italy 2019
Leading players
8
- Premium Statistic Total assets of Nubank in Brazil 2015-2020
- Premium Statistic Net profit of Nubank in Brazil 2015-2020
- Premium Statistic Profit/loss after tax for Revolut bank 2015-2020
- Premium Statistic Fixed and current assets of Revolut bank 2015-2020
- Premium Statistic Total assets of Tinkoff Bank from 2018 to 2021
- Premium Statistic Annual net profit of Tinkoff Bank in Russia 2017-2021
- Premium Statistic Total assets of WeBank China 2016-2019
- Premium Statistic Net profit of WeBank China 2016-2019
Further related statistics
19
- Number of customers at selected European fintech companies 2018
- Main areas of bank spending on financial technologies in the U.S. 2015
- Key figures for' growth Revolut 2020
- 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
- Value of Fintech funding in banking sector worldwide 2008-2017, by type
- Number of banking and capital market Fintech companies globally 2017, by type
- Consumers that would switch bank if they did not offer up-to-date tech in Europe 2016
- Banking areas providing opportunity for Fintech firms 2016
- Forecast of bank spending on new technologies 2015-2017, by region
- Leading Fintech deals in the finance & banking sector globally 2014
- Opinion on banks, payment systems, and new tech in Italy 2019
- Opinion on bank services and new tech in Italy 2019
- Share of credit card market for Sberbank in Russia 2014-2020
- Major bank net assets New Zealand 2018 by entity
- Number of digital payments funding deals Philippines 2017-2022
- Change in net profit after tax of registered banks New Zealand 2013-2018
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 figures for' growth Revolut 2020
- 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
- Value of Fintech funding in banking sector worldwide 2008-2017, by type
- Number of banking and capital market Fintech companies globally 2017, by type
- Consumers that would switch bank if they did not offer up-to-date tech in Europe 2016
- Banking areas providing opportunity for Fintech firms 2016
- Forecast of bank spending on new technologies 2015-2017, by region
- Leading Fintech deals in the finance & banking sector globally 2014
- Opinion on banks, payment systems, and new tech in Italy 2019
- Opinion on bank services and new tech in Italy 2019
- Share of credit card market for Sberbank in Russia 2014-2020
- Major bank net assets New Zealand 2018 by entity
- Number of digital payments funding deals Philippines 2017-2022
- Change in net profit after tax of registered banks New Zealand 2013-2018
PYMNTS. (September 24, 2021). Main reasons for consumers to adopt digital-only banking services in the United States in 2021 [Graph]. In Statista. Retrieved February 05, 2023, from https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS. "Main reasons for consumers to adopt digital-only banking services in the United States in 2021." Chart. September 24, 2021. Statista. Accessed February 05, 2023. https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS. (2021). Main reasons for consumers to adopt digital-only banking services in the United States in 2021. Statista. Statista Inc.. Accessed: February 05, 2023. https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS. "Main Reasons for Consumers to Adopt Digital-only Banking Services in The United States in 2021." Statista, Statista Inc., 24 Sep 2021, https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/
PYMNTS, Main reasons for consumers to adopt digital-only banking services in the United States in 2021 Statista, https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/ (last visited February 05, 2023)
Main reasons for consumers to adopt digital-only banking services in the United States in 2021 [Graph], PYMNTS, September 24, 2021. [Online]. Available: https://www.statista.com/statistics/1239598/reasons-to-adopt-challenger-banks-us/