A 2024 survey across seven European and North American countries revealed varying reasons for depositing paychecks in high street banks. Security, ATM access, and convenience were primary motivators, though preferences differed by country. For instance, 70 percent of Canadians chose traditional banks for convenience, compared to 44 percent of Germans.
Primary reasons to deposit paychecks into a high street bank in selected countries in Europe and North America in 2024
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Paysafe Group. (August 12, 2024). Primary reasons to deposit paychecks into a high street bank in selected countries in Europe and North America in 2024 [Graph]. In Statista. Retrieved January 23, 2025, from https://www.statista.com/statistics/1537010/main-reasons-to-choose-high-street-banks-by-country/?__sso_cookie_checker=failed
Paysafe Group. "Primary reasons to deposit paychecks into a high street bank in selected countries in Europe and North America in 2024." Chart. August 12, 2024. Statista. Accessed January 23, 2025. https://www.statista.com/statistics/1537010/main-reasons-to-choose-high-street-banks-by-country/?__sso_cookie_checker=failed
Paysafe Group. (2024). Primary reasons to deposit paychecks into a high street bank in selected countries in Europe and North America in 2024. Statista. Statista Inc.. Accessed: January 23, 2025. https://www.statista.com/statistics/1537010/main-reasons-to-choose-high-street-banks-by-country/?__sso_cookie_checker=failed
Paysafe Group. "Primary Reasons to Deposit Paychecks into a High Street Bank in Selected Countries in Europe and North America in 2024." Statista, Statista Inc., 12 Aug 2024, https://www.statista.com/statistics/1537010/main-reasons-to-choose-high-street-banks-by-country/?__sso_cookie_checker=failed
Paysafe Group, Primary reasons to deposit paychecks into a high street bank in selected countries in Europe and North America in 2024 Statista, https://www.statista.com/statistics/1537010/main-reasons-to-choose-high-street-banks-by-country/?__sso_cookie_checker=failed (last visited January 23, 2025)
Primary reasons to deposit paychecks into a high street bank in selected countries in Europe and North America in 2024 [Graph], Paysafe Group, August 12, 2024. [Online]. Available: https://www.statista.com/statistics/1537010/main-reasons-to-choose-high-street-banks-by-country/?__sso_cookie_checker=failed
