Mobile banking in the U.S.- Statistics & Facts

Published by M. Szmigiera, Nov 28, 2018
Mobile banking involves using a mobile device to carry out financial transactions. For instance, clients may pay bills or transfer money between accounts using their bank’s app on their smartphone or tablet. Usage of mobile banking has been steadily increasing among Bank of America customers since 2012.

In the United States, the usage of mobile banking differs among demographic groups. A 2018 survey examined this topic and found that 69.3 percent of Millennials used mobile banking. In contrast, only 24 percent of Baby boomers used it.

Mobile banking offers flexibility and convenience to bank consumers, who wish to carry out financial transactions outside of traditional bank branch hours and from any location. In a 2017 survey, 77 percent of the respondents started using mobile banking apps to verify their account balance.

However, one of the main concerns of those who don't use mobile banking services is the security issue. The future of mobile banking will depend on the industry's ability to assuage these concerns. One such way to address the security issue may be the introduction of facial or voice recognition technology in mobile banking apps. These ideas appear to be popular in Latin America and Asia-Pacific, but not in North America and Europe.

Interesting statistics

In the following 4 chapters, you will quickly find the 23 most important statistics relating to "Mobile banking in the U.S.".

Mobile banking in the United States

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Mobile banking in the U.S." and take you straight to the corresponding statistics.

U.S. user demographics

Usage

Consumer perspective

More interesting topics from the industry "Banks & Financial Services"

Related topics

Infographics on the topic

Mobile banking in the U.S. Infographic - The (Still) Limited Reach of Apple Pay

Any more questions?

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.