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Reasons for using mobile banking apps in the U.S. 2018

The most common reason to use a mobile banking app in the United States in 2019 was to view an account balance. As much as 90 percent of respondents indicated this, followed by 79 percent who also used it to view recent transactions. Roughly one in five used their app to carry out more complicated activities, such as contacting customer service or opening a new account.

Who uses mobile banking?

Perhaps unsurprisingly, the propensity to use mobile banking is higher for the younger generations. The first iPhone debuted in 2007, the year that the youngest millennials turned eleven, giving them an advantage in navigating apps. Age also affects how frequently users check their apps, though this change is not as significant when one excludes those who do not use mobile banking apps.

Advantages and risks

The benefits of mobile banking that consumers report tend to be summed up in convenience. Always having easy access to banking information increases financial awareness and confidence, and apps can better convey the range of offered banking services. However, this ease of access also leads to ease of fraud. Security experts worry that the technology that enables bank customers to easily access their accounts also increases their exposure to identity theft. Banks must find a way to deal with such threats, because the volume of mobile banking continues to increase.

Reasons for using mobile banking apps in the United States in 2018

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Release date

April 2019


United States

Survey time period


Number of respondents

1,222 respondents

Age group

18 years and older

Special properties

among owners of at least 1 debit and at least 1 credit card

Supplementary notes

Multiple answers were possible.

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Statistics on "Mobile banking in the United States"

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